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UFC releases official statement on stripping Jon Jones of his title

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Read the full statement here.

Jayne Kamin-Oncea-USA TODAY Sports

The UFC has issued an official statement on stripping their former light-heavyweight champion Jon Jones of his belt and suspending him indefinitely after being involved in a hit-and-run.

Here's what it reads:

UFC announced that it has suspended Jon Jones indefinitely and stripped him of the light heavyweight title as a result of violations of the organization's Athlete Code of Conduct Policy. Jones was recently arrested in Albuquerque, N.M. on a felony charge of leaving the scene of an accident involving personal injury. As a result of the charge and other violations of the Athlete Code of Conduct Policy, the organization believes it is best to allow Jones time to focus on his pending legal matters.

UFC feels strongly that its athletes must uphold certain standards both in and out of the Octagon. While there is disappointment in the recent charges, the organization remains supportive of Jones as he works through the legal process.

With this decision, UFC has determined that No. 1 contender Anthony Johnson will now fight No. 3 contender Daniel Cormier for the UFC light heavyweight championship at UFC 187 on May 23 in Las Vegas.