I dont think anyones denying PG still has the title.

My only query is why the ruse by the Bino's on this?

Its so pitiful not even the man himself would believe its worth more than the paper its written on.

MORGAN: Why didn't you fight him at the park if you wanted to? I'm not goin' now, I'm eatin' my snack.
CHUCKIE: Morgan, Let's go.
MORGAN: I'm serious Chuckie, I ain't goin'.
WILL: So don't go.