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And we’re all in the mix.” But despite Mc Gregor’s positioning of his new venture as a third promotional body, Jake Cohen told the that he is sceptical over the influence it will have over any negotiations.

“If Mc Gregor’s contract is similar to other UFC contracts, it is likely that Mc Gregor will have licensed his image rights – which permit the UFC to exploit the athlete’s image, his voice, his signature and even his tattoos for commercial purposes – to the UFC for the purposes of marketing Mc Gregor as a fighter.

The exact financial details of the fight have not been disclosed, but in a media call both parties insisted they were satisfied with how the negotiations had proceeded.

“Everybody is happy,” Leonard Ellerbe, the CEO of Mayweather Promotions, said.

Mayweather Promotions, rather than the UFC, will publicize the event, which will be available on Showtime pay-per-view in the United States.

The PPV price is expected to cost in excess of 0.

“Nobody is bummed out about this deal,” said Dana White, the president of the UFC.

“It’s going to be straight up boxing,” he said when asked if the fight could be contested under hybrid rules.Mc Gregor meanwhile boasts a professional record of 21-3 and a UFC record of 9-1.At UFC 194 he knocked out José Aldo in just 13 seconds to become the UFC Featherweight Champion, and at UFC 205 he knocked out Eddie Alvarez for the UFC Lightweight Championship, to become the first fighter in the history of the company to hold titles in two weight divisions simultaneously.Mayweather boasts one of the finest records in the history of boxing.After 49 professional fights he has 49 victories, including 26 by knockout.