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?
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