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Update: Negotiations with Fedor and the UFC Remain Ongoing, Confirmed by M-1 Global

It appears as though Mixed Martial Arts fans planning to celebrate with a bit o’ bubbly on July 31st will need to keep their bottles on ice a little longer.

Earlier this week, the Los Angeles Times reported a contract between the UFC and top heavyweight Fedor Emelianenko was likely to be announced this upcoming Friday at an already-scheduled press conference. However, the LA Times’ Lance Pugmire has since retracted his earlier statement and explained that, while discussions between both sides remain ongoing, no finalized deal is expected to be in place by July 31st.

Echoing his sentiments, M-1 Global CFO Joost Raimond has confirmed Emelianenko’s camp and the UFC are currently in the process of negotiating with each other but nothing official has been agreed upon.

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