Elite Xtreme Combat

EliteXC

Quote of the Day: Jared Shaw on EliteXC Collapse


Kimbo Slice. Photo by Esther Lin/EliteXC.

“Do I think the Kimbo’s loss was the demise of the company like it’s being portrayed? Absolutely, 100 percent, no,” Shaw said. What I do think the Kimbo loss did was probably throw away any last ditch efforts of CBS acquiring the company, or having enough money to hang on to get another buyer to come in. But I knew for a while that this company was done. When I spoke to you guys and said I’m clearing a runway in September for El Paso to get to October, no, that’s not it at all. We just couldn’t put on the show.”

— Former EliteXC executive Jared Shaw talks to MMA Weekly about the demise of the organization following Kimbo Slice’s loss to Seth Petruzelli during EliteXC’s final show to date last October.

It’s interesting to see how Shaw denies that Slice losing was the reason why EliteXC folded only to completely contradict his notion in the very next sentence. Besides their financial decisions and corrupt management, putting the entire company on Slice’s shoulders and having him crumble was the biggest reason why EliteXC is no more.

It’s also key to note that Jared is finally admitting that the EliteXC show that was schedule to take place at the University of New Mexico last September was canceled because they simply only had enough money for one last show. The news of the show’s cancellation came the same day as one of their ShoXC cards and I remember scrambling to get some kind of official comment from a ProElite staffer only for there to be nothing at all.

Strikeforce Acquires ProElite Assets; Lands Deal With Showtime


Photo by Jon Swenson. Used with permission.

It’s been a busy past few weeks for Scott Coker and his fledgling Strikeforce brand. Once thought to have been just a small success story in the San Jose area, the promotion seems to be on the fast track to becoming the legitimate number-two MMA organization in North America after securing a deal to purchase a limited number of assets from ProElite, the parent company of EliteXC.

Under the terms of the deal announced this afternoon, Strikeforce will acquire a select number of fighters contracts, along with the ability to sign additional fighters to Strikeforce deals, as well as a video library of past EliteXC and ShoXC events.

“This is a tremendous development that will bolster the Strikeforce roster and allow us to produce even more competitive matchups between top fighters,” Coker said in a press release today. “Some of these athletes have been on the sidelines for a while now and are eagerly waiting to return to competition. We look forward to providing them with the opportunity to do so in the next few months.”

 

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Afromowitz Denies Completion of ProElite Sale to Strikeforce


Photo by Esther Lin/EliteXC.

Various reports have surfaced over the past 24 hours stating that Strikeforce set to purchase the remaining assets of the ProElite brand and that a formal announcement from the organization is expected by the end of the week, and could even happen as soon as tomorrow.

However Strikeforce VP Mike Afromowitz this evening revealed to MMA Weekly’s “MMA Insider Blog” that the reports circulating are false and that the potential sale is not finished:

Strikeforce executive Mike Afromowitz confirmed to MMAInsider that negotiations were progressing, but the deal was not done.

“That’s incorrect,” he said. “Any reports of a done deal are a complete fantasy.”

Afromowitz said the deal with Pro Elite was far more complex than reports had stated.

“It’s complicated, and that’s why I don’t want to speculate,” he continued. “If anything is done, it will be very technical. It’s not as straightforward as you think.”

Terry Trebilcock’s King of the Cage promotion and a small group of investors were thought to have been the leading candidates to buy the currently inactive promotion, but these new reports are suggesting that Scott Coker is now the likely buyer.

In reality, he’s probably the best choice. Many of the fighters enjoyed the freedom that their non-exclusive contracts with EliteXC provided and Strikeforce provides the exact same thing under better management. Rumor has it that most, if not all, of the fighter contracts are non-transferable, meaning that some fighters may opt to sign elsewhere. Aren’t Jake Shields and Robbie Lawler eventually going to end up with the UFC anyway though?

Afternoon Notes: Silva Fires Back at CSAC, EliteXC Show Being Planned & More


Antonio Silva. Photo by Esther Lin/EliteXC.

- Former EliteXC heavyweight champion Antonio Silva has filed a civil action suit against the California State Athletic Commission in an attempt to try to fight his suspension stemming from a positive steroids test last year. According to Sherdog.com, Silva is looking for a ruling that will temporarily release him from his suspension and potentially grant him another hearing with CSAC officials.

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Managers and Agents of EliteXC Fighters Planning Legal Action


Photo by Esther Lin/EliteXC.

The Mixed Martial Arts Fighters Association (“MMAFA”), on behalf of its members, forwarded a demand letter today to EliteXC Live, a California corporation (“EliteXC”). MMAFA seeks an acknowledgment from EliteXC that its promotional agreements have been terminated.

While hopeful that litigation will be unnecessary, a draft of complaint has been prepared and forwarded to EliteXC officials. According to the letter, EliteXC has a limited time in order to voluntarily provide the release to all of the fighters, and if EliteXC refuses, MMAFA will file a complaint.

On November 10, 2008, in an action initially spearheaded by agent Ken Pavia, a group of agents, including Ed Soares and Monte Cox, collaborated to “pool resources” to fight the proposed auction of and transferability of EliteXC’s promotional agreements.

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Quote of the Day: “Ninja” Still Tied to EliteXC Contract


Murilo “Ninja” Rua. Photo courtesy of ProElite.com.

“I’m focused now on Mauricio’s (Shogun) fight and I have nothing planned for my situation yet. I’m still connected to EliteXC and have to wait. I see it (a possibility of EliteXC returning) as very good news, I would be very happy and if the rumors are confirmed… It’s wait and see”

— Former EliteXC middleweight champion Murilo “Ninja” Rua updates his fans concerning his current situation regarding EliteXC and when he will be able to fight again with Tatame.com. It looks like along with the likes of Jake Shields and Gina Carano, Rua is also another fighter that EliteXC officials seem to be holding onto in case of a possible resurrection of their promotion.

ProElite Attempting to Block Public Auction


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.

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Showtime Puts ProElite Up for Public Sale


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.

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ProElite, EliteXC Respond to Breach of Contract Notices


Jeremy Lappen. Photo by Esther Lin/CombatLifestyle.com.

After several fighters under their stable filed breach of contract notices following its demise late last month, EliteXC and its parent company, ProElite Inc., has given notice to the managers and agents of some of their biggest stars that they intend to promote events once again starting in early 2009.

The managers of notable fighters such as Jake Shields, Nick Diaz, and Robbie Lawler all filed for breach of contract after ProElite announced its intention to cease operations in October, giving the once promising organization 30 days to pay said fighters and fulfill promotional obligations or watch them become free agents.

However a notice handed out by ProElite over the weekend states that contrary to popular belief, the company is not filing for bankruptcy and is merely scaling down their staff in order to cut financial losses.

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EliteXC’s Demise Likely to Signal Change in MMA Landscape


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.

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