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Yeah and it was even more than marketing value. M1 wanted 50% copromotion on everything for the second round of negotiations of the Lesnar fight. Jerry Millen said in 2009 they wanted profits split down the middle. https://bloodyelbow.com/2009/07/31/what-does-co-promoting-with-the/
That fight could have generated over 100 million easily in todays dollars and they are looking to take a 50% split of that pot after expenses. There is just no way UFC could make that fight on a logical level. They were only paying Brock a few million at the time and Brock was the biggest star in the sport and they would have had to pay M1 potentially 10 times Brocks purse in the 30+ million range in 2009 dollars which is like 45+ million today plus the free advertising of M1 like you mention. It would open up a can of worms and next thing you know Lesnar would be demanding his own company like DeathClutch co promotion rights and others would follow suite.
UFC probably could have gotten Fedor in 2007 if they pushed hard enough and let Fedor wear M1 shit but Fedor's stock rose with Affliction destroying exUFC champs and they got a taste of co promoting with Affliction and saw thats were the real money would be in.
Can someone clear up what M1 got from Strikeforce and Bellator then? Did they also have to go through this agreement to sign Fedor or did M1 only try this with the UFC?