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no more gina carano on tv? =[
Word has gotten back to us that ProElite, the website ProElite.com and the parent company to EliteXC is finished. Employees received word today, and the doors are closing Friday.
While the companies behind the scenes whoas have been somewhat do ented, the company remained hopefully after their latest showing on CBS and boasted of exceptional ratings. That showing may have proved disastrous for the company as their most marketable star, the somewhat controversial Kimbo Slice, was dispatched in 14 seconds by last second alternate Seth Petruzelli, a replacement for the hours injured before Ken Shamrock. DEspite the TV deal, reportedly both CBS and rival promotion Affliction passed on the opportunity to purchase the company.
OTM co-founder Scotty Nelson was at one time employed by ProElite in the "Grappling Advisor" role at a time when ProElite's pockets and fortunes seemed boundless. He was let go in the first round of layoffs several months ago in what would be one of several attempts for the company to reorganize themselves to remain compe ive. In further purchases, ProElite acquired a number of companies, including MMA promotions King of the Cage, Cage Rage, Spirit ME, and Icon. Rumble on the Rock, the promotion owned by JD Penn, brother of JD Penn was actually only leased to ProElite. JD was notified of his layoff this afternoon as well.
ProElite Inc is publicaly traded under PELE.PK
no more gina carano on tv? =[
linky?
I'm not sure this means EXC is done yet. I wonder if EXC will be purchased separately.
http://www.mmaontap.com/mma/entry/br...elite-to-fold/
''At this point, this is still pure rumor. But with CBS assuming the entire cost of the last show and EliteXC hoping Showtime would do the same for their upcoming November 8th show, this could be a dire sign. ''
Good work Shaw you idiot. Way to screw it up.
To with EXC but Proelite folding is so bad...so so so so bad for MMA. Ugh...
Lots of people without jobs now. The Shaws are the worst thing to happen to MMA.
I wonder who is going where
Nobody can afford the big ones but the UFC and maybe affliction.
photoshop ninjas on the loose already
We are confirming that EliteXC has folded. What this means for our fans and supporters is that there will not be a Nick Diaz vs. Eddie Alvarez fight on November 8th. However Jake Shields in the UFC has now become a real possibility. We will be updating our site for future developments.
GracieFighter.com:
No more Diaz-Alvarez?
looks like o is back with the UFC.
There is going to be so much crazy information coming out in the next week.
Nov 8th canceled
http://www.mmaweekly.com/absolutenm/...=7396&zoneid=2
Last edited by Evan; 10-20-2008 at 08:35 PM.
looks like o is back with the UFC.
Though at a reduced salary. Now they can really rake him over the coals. The UFC has no compe ion.
So Kimbo can now go back to fighting in bars and back-yards.
Gina you have to fight somewhere, don't leave us honey
Jared Shaw, you and your daddy are a bunch of ups.
Well i guess the only upside is the best guys will likely go to the UFC, which just means more great fights. But yeah it is bad on about a million levels. You saw this coming though, i'm sure your not surprised.
Should have signed that contract he was offered the day before UFC 84
Though at a reduced salary. Now they can really rake him over the coals. The UFC has no compe ion.
Why didn't he? I doubt it was for far less than what he would have got at Elite or Affliction. o is his own worst enemy
Bad mixture between pride and greed. Read his book one day...thats all he is about. And you're right...he is his worst enemy.
Keith Kizer...head of the NSAC kinda owned on this thread he posted on about Pro Elite.
http://www.mixedmartialarts.com/mma....1358295&page=1
Any chance Affliction tries to sign Kimbo and lets the circus continue??
NOOOOOOO dammit my Gina watching is gone......... !!!!
Huge story continues.......
The following comes from Josh Gross of SI.com:
ProElite, EliteXC out of business
Less than two years following the formation of ProElite, Inc., the group notified employees and fighters Monday it was shutting its doors effective immediately, multiple sources confirmed to SI.com.
ProElite was an entertainment and media company founded in partnership with Showtime Networks and spearheaded by the mixed martial arts promotional brand EliteXC.
Representatives for ProElite, EliteXC and Showtime did not return calls for comment.
Through its partnership with Showtime and later CBS, which in 2008 agreed to broadcast four live EliteXC events in primetime, EliteXC gained a tremendous amount of visibility. The company, however, hemorrhaged tens of millions of dollars during its 22 months in operation.
In September, Showtime, which owned a 20 percent stake in ProElite, entered into preliminary negotiations to purchase a controlling interest in the company. When those negotiations failed, said a source inside ProElite who asked not to be identified, funding dried up and the company was forced out of business.
Beginning with Rumble on the Rock, ProElite purchased numerous MMA promotional brands around the world, including King of the Cage, Cage Rage, ICON, and Spirit MC. While these companies remained in operation, the focus was EliteXC, which held 17 events starting with its first card Feb. 10, 2007.
EliteXC's third card with CBS on Oct. 4 was also its last as a promoter. Headlined by the controversial Kevin "Kimbo Slice" Ferguson, the event made headlines with discussion surrounding the legitimacy of the main event between Ferguson and Seth Petruzelli. The bout is currently under investigation by the Florida State Athletic Commission.
After debuting on May 31 to an audience of 6.5 million viewers, EliteXC's ratings on CBS fell significantly in its second effort drawing just 2.7 million in July. In its last event the numbers appeared to bounce back nicely, with an average audience of 4.5 million.
Kelly Kahl, senior executive vice president of programming operations at CBS, declined to comment on ProElite's demise.
EliteXC was scheduled to promote its final event of the year Nov. 8 on Showtime, however the manager for lightweight Nick Diaz, who was scheduled to fight Eddie Alvarez that night for the organization's 160-pound belt, said he was told the event would not take place absent a last-minute "miracle" investor.
I knew it wouldnt take long.
well the mess with Kimbo was the final nail in the coffin with them. I guess the good news for them is if they find proof of them trying to rig that fight, they are already out of business, although i imagine they'd face other charges.
Proof that MMA fans won't accept the boxing model of doing business.
Thank you fans - !!!!!!!!!!!!!!!
Maybe we can get some Robbie Lawler back in the UFC!!!
ELITEXC INSIDER DETAILS COMPANY'S DOWNFALL
http://www.mmaweekly.com/absolutenm/...=7399&zoneid=2
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