George Zimmerman Fight New Promoter Says No Gloves, No Rules ... Even If It's to the Death

2/10/2014 1:50 PM PST

George Zimmerman
 could find himself in a fight to the death if he signs on for the bloody, bare-knuckle brawl proposed by the new promoter ... who admits he hasn't thought about the consequences of a deadly outcome.

Alki David was on "TMZ Live" talking about his plan to create a "Fight Club" kind of event -- no gloves and no rules -- when we asked ... what happens if Zimmerman actually KILLS his opponent in the ring?

You gotta hear the answer ... it's a chilling scenario.