Despite the announcement of an agreement last October between Fedor Emelianenko 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.
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 Promotion.
More to come as it develops…