BOLTON, ENGLAND - NOVEMBER 30: Tyson Fury speaks at a press conference at the Macron Stadium on November 30, 2015 in Bolton, England. (Photo by Chris Brunskill/Getty Images)
BOLTON, ENGLAND - NOVEMBER 30: Tyson Fury speaks at a press conference at the Macron Stadium on November 30, 2015 in Bolton, England. (Photo by Chris Brunskill/Getty Images)

Tyson Fury has been stripped of his IBF world heavyweight championship belt less than a fortnight after dethroning Wladimir Klitschko.

Fury won the IBF, WBA and WBO titles with a unanimous decision victory against Klitschko in Germany last month.

But he has lost the IBF strap after declining to face that organisation's mandatory title challenger, Vyacheslav Glazkov.

Fury is expected to face Klitschko in a rematch in his next fight — easily the most profitable bout he can line-up at this point.

Instead, the IBF has ordered Florida-based Russian Glazkov to face unbeaten American Charles Martin — creating a third world heavyweight champion. American Deontay Wilder is the WBC's champion.

Read more at FoxSports.com.au