The fight, which was slated for late-2012, would have easily been one of the greatest, most profitable heavyweight tilts in UFC history.
However, White went into detail about how the fight never came to light due to the death of Emelianenko's father, among other reasons.
"I told you guys that story before, we were in deep talks with him we were that close to signing him," White said of locking up Emelianenko to a deal. "No [we were close to signing him] recently, right before his dad died...we were right there."
White was looking at a Lesnar vs Emelianenko fight at Cowboys Stadium in Dallas, Texas, which would have made it perhaps the most well-attended MMA event in the history of the sport. However, the fight wasn't meant to be.
"When I was talking about doing that big Dallas Texas stadium show it was going to be Brock Lesnar versus Fedor," White explained. "Remember when I met with him and I said it didn't get well? It actually did go well. It went well and then Fedor's dad died, he wanted to fight Fedor....Fedor was done, he said ‘I want to spend the rest of my life with my family.' We were negotiating for months. And then after his dad died he said, ‘That's it I'm done,' or whatever and then Brock said, ‘I'm done too.'"