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No it wouldnt be smart. First who are all these top 125ers not in UFC? Horiguchi is only top 15 guy and he's fighting at BW.
UFC has all the top fighters and the P4P best fighter in the world as champ and nobody cares, there is nothing Bellator can do to make the div popular and it sure as hell isnt opening more doors for Bellator.
I think that says more about rankings not being the immediate gateway to financial success for a promotion like a lot of people think they are than it does flyweight has some irremovable curse-ly hex on it that no promotions are ever going to be able to remove.