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Lollar
360 flip
Joined: 19 Jun 2007
Posts: 8253
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 Posted: Oct 21, 2008 3:35 pm Post subject: Elite XC shutting down |
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http://sports.espn.go.com/extra/mma/news/story?id=3655102[/url]
| Quote: | The parent company of the EliteXC mixed martial arts circuit is closing its doors for good, according to multiple reports.
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Kimbo Slice
AP Photo/Rich Schultz
Kimbo Slice was seen as the future for EliteXC. Now, it appears EliteXC's future is bankruptcy.
Sherdog.com reported that according to T.J. Thompson, an executive at ProElite Inc., he was informed that the company would close for good this week and would file for bankruptcy protection. And Sports Illustrated, on its Web site, reported that ProElite told its employees and fighters on Monday that it was shutting down, effective immediately, according to multiple sources.
Sherdog also reported that according to numerous sources, an EliteXC card scheduled for Nov. 8 in Reno, Nev., has been canceled. According to the report, Joey Villasenor, who was scheduled to fight Robbie Lawler for the circuit's middleweight title on the card, was informed Monday it had been scrubbed.
ProElite did not return calls seeking comment, according to the reports.
The shutdown follows an EliteXC card televised by CBS on Oct. 4, in which the circuit's biggest star, Kimbo Slice, suffered a 14-second TKO at the hands of a relatively unknown last-minute replacement, Seth Petruzelli. That bout is under investigation by the Florida State Athletic Commission, following comments Petruzelli made after the fight suggesting that he had been promised monetary incentives to trade punches with Slice, rather than employ a more technical game plan.
Showtime Networks, which owns a 20 percent stake in ProElite, on Sept. 17 filed a notice with the U.S. Securities and Exchange Commission announcing its intention to enter negotiations to purchase the company outright.
But SI.com reported that according to a source inside ProElite, those negotiations failed and ProElite's funding disappeared, forcing it out of business. |
Re?
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uidzero
Kickflip
Joined: 01 Jun 2005
Posts: 3839
City: Casselberry
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| Posted: Oct 21, 2008 3:37 pm Post subject: |
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About time people figured out Kimbo is a joke. He got beat by a subpar MMA fighter years ago 
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Lollar
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Joined: 19 Jun 2007
Posts: 8253
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| Posted: Oct 21, 2008 3:38 pm Post subject: |
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uidzero, Yeah well they shouldnt have thought that he would save the company. There are a few good fighters over there like Kung Le that are gonna be pissed.
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kornhouse
Backside 180
Joined: 27 Aug 2007
Posts: 2079
City: Siesta Key
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| Posted: Oct 21, 2008 4:02 pm Post subject: |
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| uhoh, where's devin |
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DMoneyy
Backside 180
Joined: 27 Dec 2007
Posts: 1576
City: SK 941
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| Posted: Oct 21, 2008 4:48 pm Post subject: |
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kornhouse, hahahahaha i'm not even gonna bother
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| Raven wrote: | 941 =  .........they just keep coming |
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