"I think yes. But not on the same terms they[UFC] offered us before. We will not let ourselves to get owned. Fedor became very popular [already] outside the Octagon. So, long story short: 1. We would like to receive guaranteed payments. I know that if we agree for percents, they will cheat us. 2. Maybe not a co-promotion (like we offered before), but at least co-branding. 3. They also will have to permit Fedor participating in Sambo competitions, and during our last negotiations UFC were ready for that term," he said
I think it's merely posturing after Emelianenko's only real defeat to Werdum a couple of weeks ago. Particularly because of the 'we will not let ourselves get owned' portion of the statement. M-1 knows that Fedor has one more fight on his Strikeforce contract, and they want it to be against Werdum:
"Fedor will fight again sometime between October and November… the only thing fans want to see is Fedor vs Werdum II. Fabricio himself said that he would like to rematch Fedor in Russia. That would be great, but this fight will not happen in Russia," he added, outlining how the rematch would have to happen in the US for financial reasons.
If Fedor is able to avenge the loss to Werdum, he then re-establishes a bit of the aura he lost in his first real defeat. By openly talking about potentially going to the UFC while under contract with Strikeforce tells me that they would use a win over Werdum(if Fedor won) as leverage to squeeze more money out of Strikeforce for another contract and then possibly take the Overeem fight. Or hell could freeze over and the UFC signs Fedor, but I wouldn't be holding my breath on that one. It is interesting that Vadim is backing off the co-promotion idea and offering to settle for 'co-branding'. 'Co-branding' could be alot of things from M-1 logos on the octagon floor to allowing Fedor to sport M-1 on his shorts, which would be a lot more doable opposed to co-promoting. However, I still think all of this is more akin to some Tito Ortiz signing with Affliction type of posturing. We'll see.