Photo by Esther Lin/EliteXC.
ProElite will attempt to block a public auction announced for November 17 in which Showtime Network will attempt to sell off the remaining assets off the company in order to repay two defaulted promissory notes for $4 million that Showtime lent to ProElite over the last year.
According to a Securities and Exchange Commission filing from November 6, ProElite “plans to take all appropriate measures to prevent the sale from occurring. Such measures may include raising additional financing, filing a lawsuit enjoining the sale, filing a bankruptcy petition or negotiating a settlement with Showtime.” The filing also went on to say that ProElite was unsure whether any of the methods would prove successful.
The planned public auction will see both the EliteXC and King of the Cage brands up for sale as well as the contracts of such fighters as Kimbo Slice, Gina Carano, Jake Shields, Robbie Lawler, and Frank Shamrock among others.
Photo by Esther Lin/EliteXC.
According to paperwork filed with the Securities and Exchange Commission this afternoon, Showtime Network intends to sell the remaining assets under the ProElite banner at a public auction in Los Angeles, California on November 17.
The filing comes just days after ProElite sent out notices to the managers of fighters currently under contract with the organization, stating that, contrary to popular belief, they were not filing for bankruptcy and were merely scaling down their staff in order to cut financial losses that would allow them to begin promoting mixed martial arts events once again early next year.
The public auction will see both the EliteXC and King of the Cage brands up for sale as well as the contracts of such fighters as Kimbo Slice, Gina Carano, Jake Shields, Robbie Lawler, and Frank Shamrock among others.
The complete notice of public sale can be seen after the jump.
Photo by Esther Lin/EliteXC.
High network television ratings, the financial backing of two media giants, and the greatest amount of visibility for an MMA promotion to date proved to be not enough for ProElite and its figurehead brand, EliteXC, as another organization that attempted to dethrone the Zuffa empire has likely come to a crashing halt.
The news of ProElite’s demise has quickly spread throughout the mixed martial arts community and as expected, so has reaction. However the story of the downfall of one of MMA’s most influential companies is just beginning as facts regarding ProElite’s insurmountable debt, failed sale, and questionable tactics will likely surface within the next few weeks following its expected cessation at the end of this week.
EliteXC today officially announced details regarding their scheduled November 8 event, titled “A Night of Champions”. The show will take place at the Reno Events Center in Reno, Nevada and will air live on Showtime.
The card will be headlined by two separate championship fights: EliteXC middleweight champion Robbie Lawler will defend his title in a rematch against a streaking Joey Villasenor while Nick Diaz and DREAM standout Eddie Alvarez will battle it out for the vacant EliteXC lightweight belt.
Tickets are on sale now, start at $38, and can be purchased through Ticketmaster. Additional fights expected to take place at the event include Kaitlin Young vs. Sarah Kaufmann, Rafael “Feijao” Cavalcante vs. Cyrille Diabate (possibly for the vacant EliteXC light heavyweight title), and Brett Rogers against an opponent yet to be determined.
Keith Berry vs. Ray Lizama. Photo by Tom Casino/EliteXC.
The August 15 edition of ShoXC: Elite Challenger Series, which saw Jared Hamman dramatically avenge his prior loss to Poai Suganuma by stopping him in the first round, scored it’s highest rating to date according to the print edition of Dave Meltzer‘s Wrestling Observer:
The 8/15 ShoXC card did a 0.66 rating on Showtime and 175,000 viewers. That’s the best rating in the history of ShoXC and that’s a successful number for a show with no names and no promotional effort put into it.
Meltzer is right in terms of the promotional effort. In the weeks leading up to the event, I don’t remember seeing any commercials at all on Showtime. The next show on Sept. 26 should probably do even better with Wilson Reis and Bao Quach headlining, further pushing the show to ShoBox type of standards.
HT: MMA Payout
Jake Shields. Photo by Esther Lin/EliteXC.
Mixed martial arts will once again be featured on prime-time network television this Saturday night as EliteXC puts on their second show for the channel, entitled “Unfinished Business”. The show will emanate from the Stockton Arena in California and will be joint-broadcasted by CBS and Showtime.
The premise of the event’s name stems from a disappointing ending to the first bout between Robbie Lawler and Scott Smith on May 31st. After battling for two and a half rounds, Lawler inadvertently poked Smith in the eye in the third stanza. The ringside doctor ultimately ruled that Smith was unable to continue due to vision problems, despite protests from Smith himself to let the fight continue. However after the fight, Smith admitted that he would have likely been knocked out by Lawler because he couldn’t fully see out of his eye.
Now the two will battle it out again for Lawler’s EliteXC middleweight title, this time in the show’s featured attraction. Additional main card bouts include the second of three championship bouts as Jake Shields and BodogFight transfer Nick Thompson will fight for the EliteXC welterweight strap as well as hometown favorite Nick Diaz attempting to extend a two-fight winning streak against journeyman Thomas Denny.
Smith tapes his hands before working out for the media. Photo: Esther Lin/EliteXC
“Ruthless” Robbie Lawler of St. Louis will defend the EliteXC middleweight title against Scott “Hands of Steel” Smith of Sacramento in the main event on the second primetime broadcast of CBS EliteXC Saturday Night Fights on Saturday, July 26, (9 p.m.-11 p.m. ET/PT).
In a second world title fight, Jake Shields of San Francisco and Nick “The Goat” Thompson of Minneapolis will collide for the vacant EliteXC 170-pound belt.
Stockton’s Nick Diaz will face Thomas “Wildman” Denny of Victorville, Calif., in a lightweight match and Shayna “The Queen Of Spades” Baszler of Sioux Falls, S.D., will take on Brazil’s undefeated Cristiane Cyborg in a women’s fight at 140 pounds at the Stockton Arena in Stockton, Calif.
The event is presented by Los Angeles-based ProElite, Inc.‘s live fight division, EliteXC. Doors open at 2:30 p.m. PT. The first live fight is at 3:15.
Preceding the two-hour, four-fight broadcast on the CBS Television Network will be a three-fight, one-hour telecast live on Showtime (8 p.m. ET/PT).
In the main event, Antonio “Big Foot” Silva will face Justin Eilers for the EliteXC heavyweight crown. In other Showtime fights, promising Wilson Reis will meet Brian Caraway at 140 pounds and talented Rafael Feijao will be opposed by an opponent to be determined in a light heavyweight fight.
The female bout between Shayna Baszler of Sioux Falls, S.D. and Brazil’s Cristiane Cyborg has been added to the lineup for the second primetime broadcast of CBS EliteXC Saturday Night Fights, live from the Stockton Arena in Stockton, Calif. on Saturday, July 26 (9:00-11:00 PM, ET/PT) on the CBS Television Network.
Baszler and Cyborg, who are fighting in the 140 pound weight class, complete the primetime matchups for the CBS EliteXC Saturday Night Fights on July 26. Other CBS fights include:
Showtime posted a video to their Youtube channel of highlights from June 14th EliteXC: Return of the King.
It’s a short video, not an in-depth recap, but if you’re wondering whether or not the mess at the end of the show made the cut: yup, there’s a snippet of that in there too.
Robbie Lawler. Photo by Esther Lin/EliteXC.
With EliteXC’s next network television event on CBS being officially announced for July 26th, additional details have surfaced regarding a potential venue for the show, some of the participants on the card, and the potential of featuring three title fights on the broadcast as well.
In his latest column for Yahoo! Sports, Dave Meltzer is reporting that EliteXC officials will work with executives from both Showtime and CBS on a dual-network show that would have Showtime air a 60-90 minute lead-in show that would feature a couple of preliminary fights before the main card goes live on CBS later that night, marking the first time in the history of this sport where two networks have combined to air a single event.
The promotion has already revealed the main event of the show as EliteXC middleweight champion Robbie Lawler will go head-to-head with Scott Smith in an anticipated rematch of their exciting bout that took place just two weeks ago during Memorial Day weekend. The first bout between the two ended in a no-contest after Lawler inadvertently poked Smith in the eye in the third round of their bout.
The ringside doctor ultimately ruled that Smith was unable to continue due to vision problems, despite protests from Smith himself to let the fight continue. However after the fight, Smith admitted that he would have likely been knocked out by Lawler because he couldn’t fully see out of his eye. Distraught as well after the fight was Lawler, who may now find solace in the fact that EliteXC officials have been working to bring the event to his hometown of St. Louis. Atlantic City’s Boardwalk Hall seems to be the second option.