It is the single biggest news story in the past few years for MMA.  It’s bigger than Fedor Emelianenko losing to Fabricio Werdum.  It’s bigger than Brock Lesnar beating Frank Mir or Randy Couture.  It’s bigger than BJ Penn losing to Frankie Edgar twice.

ZUFFA, the company which owns UFC, now owns Strikeforce.

Let the speculation begin.

While there are tons of possibilities abounding from the acquisition by ZUFFA, Dana White recently stated that the flood gates aren’t opening just yet.

The intention at current is to honor all Strikeforce contracts – with competitors and television companies.  The fights which are already signed are likely to still take place, barring fighter injuries.  Strikeforce and UFC will be run as separate entities for the time being.  Scott Coker will remain in his current role as Strikeforce CEO.

What happens when the current docket of fights on the Strikeforce schedule are completed?  That’s where the rumor mill runs rampant.

Dana White has spoken out against women fighting in MMA, but that’s an area which some feel is a strong point of the company which once competed with UFC.  How long will the division remain an option for female competitors?  Does ZUFFA share White’s view?  Could Gina Carano’s viable future in the sport be limited to a seat next to Arianny Celeste as a UFC ring-girl?

Will we ever see Fedor Emelianenko fight Randy Couture, Brock Lesnar or Frank Mir?  If the “no superfights” statement is an accurate reflection of the coming months, Fedor Emelianenko would likely run out of fights for which he’s contractually obligated to compete in, and Dana White has failed to sign Fedor in the past.  That was before Fedor lost to Werdum and Silva.

Is Showtime going to be keeping their deal with Strikeforce now that it’s under the ZUFFA banner?

Furthermore, what about CBS?  In past interviews, Dana White has claimed CBS is far too restrictive in the product they’re willing to present on their network.  It would stand to reason that any of the Strikeforce shows which are already scheduled for the network, if there are any, would still be on the network.  Would ZUFFA find a way to work up a product that will meet CBS’s current presentation standards?  Will they loosen their standards with the cards now mostly in ZUFFA’s hands?  Could Bellator take the place to be vacated by EliteXC and (potentially) Strikeforce?

How many championships will remain once the contracts are all taken care of?  For example, when Gilbert Melendez has fulfilled all of his fights for Strikeforce and ZUFFA starts having a hand in booking the shows, will there be a unification fight between he and Frankie Edgar, assuming they both retain their Lightweight division championships that long?

Time will tell, but this is an important and exciting time.