At the end of the day its good for fighters but to try to spin this as anything but a loss for Bellator is foolish. They went after a big name and reported it on their site and didn't get him. So in the end they don't get a top shelf guy, and had a chance to have three amazing Lightweights under their roster.
Now they have the chance to not get Gil, lose Eddie if he wins, and if he wins? Chandler will have lost a ton of luster.
Its not really a huge blow now but they had a chance to look like a real threat and UFC took that chance away. Now if they lose Eddie to the UFC as well, off of a PPV?
They will be branded the D-Leagues and lose any real ability to call themselves anything but.
Isn't really the worst thing to happen to them, but Gil signing would have been a huge deal. Now they are an Eddie win and signing with the UFC from losing all their credibility.