M-1 Global CEO Monte Cox has confirmed that the recently restructured
organization has split ways and made Fedor Emelianenko a free agent, but he vows
a show will still be held on June 14 in Chicago without the famed Russian
fighter.
Cox made the comments Monday on the "The Savage Dog Show" on Sherdog Radio.
According to Cox, "different philosophies" between the American and Russian
divisions of the company forced the split. The Russians and Emelianenko have
kept the M-1 name.
Cox also confirmed that Emelianenko never actually signed a contract -- just a
letter of intent -- with the organization.
As MMAjunkie.com (www.mmajunkie.com) reported on Tuesday, Emelianenko is now
entertaining offers from other organizations, including EliteXC. MMAjunkie.com
was told that a four-fight deal could be worth millions of dollars, especially
when factoring in potential pay-per-view bonuses. However, a stipulation that
stated that the fighter must be billed as "M-1 Global's Fedor Emelianenko" now
appears unneeded.
EliteXC is believed to be one of many organizations, including the UFC, vying
for Emelianenko's services.
For now Cox and investors from Sibling Entertainment are moving forward on plans
for a June 14 show. He's says it'll be along the lines of an EliteXC or WEC show
"with a bigger headliner."
Cox said he expects to turn a profit with the show now that the organization
doesn't have to pay Emelianenko's salary.