That’s the latest bombshell in the Fedor saga according to a report from Sherdog:
Despite the announcement of an agreement last October between Fedor Emelianenko (Pictures) and M-1 Global, the deal was never signed, a source close to both camps told Sherdog.com.
The Russian heavyweight’s only agreement with the company — according to the source, who spoke on the condition of anonymity — came in the form of a letter of intent.
The return of a $1.5 million signing bonus paid by M-1 Global to Emelianenko is the only hurdle to the former Pride champion’s potential free agency. That should be remedied this week, the source said.
M-1 Global CEO Monte Cox declined to comment.
Once Emelianenko is clear of his M-1 obligations he is expected to field offers from several MMA promotions. The early leader, according to the same source, comes from the purported partnership between Affliction and Oscar de la Hoya’s Golden Boy Promotions, which Sherdog.com has learned could debut on June 28.
Wow. If there’s something that no one expected, it’s this. Fedor Emelianenko never even signed a contract with M-1 Global yet they carted him out at a press conference when they announced his signing and the new promotion, saying they’d landed the biggest free agent in the mixed martial arts world. That seemed to be true at the time, but over the past couple of weeks it looks more and more like Fedor will become a free agent sometime in the very near future.
It should come as no surprise that the frontrunners for Fedor’s services are the Affliction/Golden Boy upstart promotion, seeing as how Fedor has a sponsorship deal with them. It will be very interesting, at this point, to see if M-1 Global even has a show.