Yes it does seeing as the Ring techinically 'owns' the p4p rankings at least as far as legitimacy is concerned.
If the Ring recognises Pacquiao as p4p number 1 in the world then Michael Buffer, the HBO crew, the Showtime announcers, all the promoters and everyone within boxing will all refer to him as 'P4P the greatest fighter in the world today'.
Nobody will claim that with Marquez because according to the Ring he's not.
So it's essentially the same, I think Holyfield beat Valuev and is the WBA champ, but the WBA are the guys whose opinion matters and they say Valuev.........
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