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.
) 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.