M-1 Global has released a statment today officially confirming their split with Fedor Emelianenko. Apperently, the split comes down to finances as the company realized that making such a large financial commitment to Emelianenko could cause them serious problems in the future.
“There is so much going on in the world of mixed martial arts right now that we have decided it is in our best interest if our company and Fedor go our separate ways,” stated M-1 Global president, Monte Cox. “During the past six months, the landscape of MMA, especially in the U.S., has dramatically changed. The sport continues to gain mainstream acceptance, and we believe we will be in a better position to capitalize on these new opportunities with this agreement.”
M-1 Global also announced that they will be changing their name and will attempt to hold their debut event in Chicago this June.