Conor McGregor's Bare Knuckle Fighting Championship (BKFC) will announce a $25 million tournament that is open to anybody all over the world.
BKFC president Dave Feldman has revealed that the promotion will announce a hugely-lucrative competition before the end of 2024.
It will likely be under bare knuckle rules but could attract fighters from every discipline, including MMA and boxing.
Feldman made the bombshell announcement on XM's Fight Nation, where he teased the 'biggest tournament in combat sports history'.
He said: "I'm about three weeks out [December 10] from announcing this, but I'm gonna announce the biggest tournament in combat sports history, with the largest prize that's ever been on a tournament in combat sports history.
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"Just to give you a little hint; it's going to be a 25 million dollar prize and we're in the search for someone really special.
"We're going to drop that announcement in three weeks and I think it's going to capture everybody's attention in all combat sports."
Feldman added: "So what we're going to do is - I can't say too much about it - but we're gonna to do try outs. I think we're going to grab like a thousand people and we're gonna narrow it down to 24.
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"Then we're going to get rid of 16 and we're gonna have eight that is left standing and that's going to be the guys that are going to fight for the real money.
"Now everybody else is going to get paid along the way, but they're gonna fight for the real prize.
"Anybody from all over the world, anybody from any organisation from any combat sport, anybody is welcome to do this,” Feldman added when referring to who will compete in the tournament.
"There’s not much more I can say about it right now. It's going to be, when I announce it, I think people are going to be like: ‘Holy sh*t, this is unbelievable!"
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McGregor, who is part of the ownership group at BKFC, won't be able to compete due to his UFC contract.
He has two fights remaining on his current deal as he hopes to return to the famed Octagon next year.
Topics: Conor McGregor, UFC
Nasir Jabbar