I saw this coming as soon as the problems with Eddie started.
Recently Bjorn stated he doesn't want to compete with UFC, that was him trying to weasel his way out of something he started. UFC will start putting programming at the same time as Bellator, they will offer uncontracted fighters more pay to force bellator to raise their fighter prices, etc.
Bellator is at the stage where they are trying to sign guys and they just blew it all over sour grapes for Eddie. They will do the Strikeforce mistake and spend lots of money on guys that they can't afford to pay in the end. The revenue will not = what they paid out and they will eventually fold. I imagine this Eddie situation is costing them a pretty penny in Court. I look for UFC to start targeting them and suing them any chance they get.
Bellator should have kept their current path, doing their tournaments, maintaining good relationships with fighters and not screwing with UFC. They would have been great.
Well, wonder what company is going to be the new #2 in the US now?