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Earlier this year, Jake Cohen, a lawyer for Mills & Reeve specialising in legal, commercial and regulatory matters in sport, spoke to the A co-promotion between Mayweather Promotions and the UFC was identified as the most likely course of action for both parties.
Once his UFC contract expires, Mc Gregor, or more likely Mc Gregor’s image rights company, will be free to license these rights to Mc Gregor Promotions.
“Nobody is bummed out about this deal,” said Dana White, the president of the UFC.
He later described the contest as “the biggest fight ever.” White went on to reveal a number of details about the potentially record-breaking fight, including that the 12-round contest would be held at the T-Mobile Arena in Las Vegas, with both men weighing in at 154 pounds.
The undefeated boxer Floyd Mayweather and two-weight UFC world champion Conor Mc Gregor have agreed to a boxing match on August 26 in Las Vegas.
The fight is expected to become the highest grossing event in the history of either sport.
The fight was confirmed on Wednesday evening, with Mc Gregor tweeting “THE FIGHT IS ON,” moments before Mayweather posted a short promotional video to his Instagram page, along with the caption “It’s official”.