Earlier this month it was revealed bantamweight Bibiano Fernandes had signed with the UFC and would be making his debut at UFC 149. However, a week later news surfaced showing Fernandes had not actually inked a deal and would be forgoing a chance to fight inside the Octagon in favor of Asian organization ONE FC.

The former double-division champion in Japan elaborated on his reasoning in a recent conversation with TATAME where he offered up an honest assessment of the situation, implying the issue ultimately boiled down to money.

“I don’t fight for me. I have people who rely on me. I’ve built what I had to build in MMA. It can be many people’s dream to fight in the UFC, but it ain’t mine. It’s all business to me,” said Fernandes in the conversation. “I’ve dreamed about being a champion. I earned three belts: one in Canada and two in Japan. If you have a dream, keep dreaming. If you want to fight, keep on trying. But this I’ll tell you: worship yourself otherwise nobody else will. And it’s not only on the fighting business, but in everything in life. People use you, use you, use you and them throw you away like garbage.”

“Apart from family, it’d be a great opportunity for (me), but when you put the family in the picture it’s not worth it,” he concluded on the matter of signing with the UFC.

Fernandes will make his ONE FC debut on August 31 at a still-developing event in Manila.