Hey everyone, I am on assignment in San Jose, Calif. right now but I received the following press release from M-1 Global earlier. They have officially announced a parting of the ways with Fedor Emelianenko and indicate that they will soon be announcing a name change.

Here is the release:

NEW YORK — M-1 Global announced today a mutual agreement with Vadim Finkelchtein, manager of former PRIDE champion Fedor Emelianenko, to release the heavyweight from his contractual obligations.


“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,” said M-1 Global President and CEO 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.”


“Because Finkelchtein already uses the ‘M-1’ name in Russia and Europe, we have mutually decided to avoid any confusion between our two organizations. Shortly, M-1 Global will announce a new name for its operations and its first event.”


“Fedor is a tremendous fighter and a great person… we wish him only the best in his future endeavors,” Cox said.


“We appreciate the support that Monte and the M-1 Global team have given Fedor,” Finkelchtein said. “We wish M-1 Global great success and hope to work with them sometime in the future.”