On the eve of the debut show of his HDNet Fights organization, Mark Cuban confirmed to the Chronicle's Brawl Sports that he is in discussions regarding a possible business deal with the M-1 Mix-Fight Championship.

However, the Dallas Mavericks owner and MMA fan, turned promoter, said that he has yet to sign an agreement with M-1 or any other organization. Cuban's comments are an indication of his desire to expand his MMA footprint beyond HDNet Fights, which hosts its first event Saturday night at American Airlines Center in Dallas.

Earlier this year, Cuban reportedly entered the Fedor Emelianenko sweepstakes and tried to sign the Russian. While Cuban didn't bring Fedor into the HDNet Fights fold, he could ultimately end up with the world's top-ranked heavyweight on his payroll as the new owner of M-1. Fedor has reportedly signed with the Russian-based M-1 promotion, which used to be owned by his manager, Vadim Finkelstein.

Internet reports indicate that M-1 has been "purchased by an undisclosed America entertainment-related company." The wait is on to see if that actually turns out to be Cuban.