Photo courtesy of the International Fight League.
The remaining assets of the now-defunct International Fight League appear to be headed into the hands of Mark Cuban and his HDNet empire.
The U.S. Bankruptcy Court of the Southern District of New York on Tuesday ruled that the billionaire owner of the NBA’s Dallas Mavericks is permitted to acquire the IFL’s assets, which include it’s video and image library as well as the rights to the IFL brand name, for $650,000.
It’s a move that is likely being done to further increase HDNet’s growing collection of MMA event footage. The digital cable channel currently televises live and archived events featuring fights from past DREAM, Strikeforce, Maximum Fighting Championship, and Sportfight events.
Once a promising organization with a good amount of a value, the IFL quickly degenerated shortly after it’s inception in January 2006. Following the cancellation of it’s planned August 15 show, the company formally closed it’s doors, allowing many of the stars it had built up such as Chris Horodecki and Jay Hieron to sign with other promotions.