Amir Khan: IBF and WBA Belts Returned by July 7th or 14th

Next week, Amir Khan (26-2 18KOs) was supposed to fight Lamont Peterson (30-1-1 15KOs) in a rematch of their first controversial fight in Washington D.C last December. It was controversial because Khan dropped a split decision in the challenger's hometown and was penalized for some very questionable point deductions. 

Everything was going according to plan until earlier this week, news broke that Peterson tested positive for synthetic testosterone twice in two different samples during a random drug test taken in March. The fight was jeopardized, and with less than two weeks to go, it wasn't clear if it would even happen.

With Peterson having his license suspended by the Nevada State Athletic Commission, their May 19th bout is now cancelled and Khan is in talks with HBO in hopes of returning to the ring either July 7th or July 14th.

In another twist of good news for Team Khan, it appears that Lamont Peterson will be stripped of the titles. They will now be returned to Amir Khan.

Now all that's left for Khan is to find a new opponent for his ring return in July. Names such as Miguel Vasquez and WBC champion Danny Garcia are high up on the list. 

Whoever it may be, should Khan win, he's back in the drivers seat of working towards a possible Floyd Mayweather Jr. clash later next year.