The Irishman met with Branson on Wednesday at the Pendulum Summit in Dublin's Convention Centre.
Father-of-one McGregor, 29, was presented with a lifetime achievement award for his accolades in sports as well as business.
"I don't think Conor wants to fight until August, but if he waits until August or September, that's around two years since the belt has been defended and that can't happen", White told Yahoo Sports. Tony Ferguson has a fake belt.
Now, ultimately this decision will be up to Nurmagomedov, in terms of fighting for an interim belt, but, clearly the pressure's mounting on McGregor to make a decision.
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Japan, China spat over disputed islets in East China Sea
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Ferguson has earned the interim lightweight belt while Nurmagomedov has fought well enough to deserve a title shot of his own, but they can not do much of anything without McGregor.
In the clip, you see Branson take off his shirt as he readies to go head-to-head with the UFC legend.
Ferguson is now on a 10-fight win streak and has not lost since 2012.
Rumors are starting to build that the UFC may be trying to put together an interim title fight between Khabib Nurmagomedov and Tony Ferguson in the coming months, but "The Eagle's" manager appears to have just thrown a spanner in the works.