If you were wondering why ProElite has been holding on to their fighter contracts like Ken Shamrock has been holding on to his career, it looks like it’s because ProElite’s current management has been trying to sell the company. You might think no one would be interested in the organization though considering all the stigmas attached to it. If so, you’re apparently wrong.
People Actually Want To Buy ProElite
December 3rd, 2008
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Affliction Accepts Todd Beard’s Resignation; ProElite Auction Postponed (Update - Trump Still On Board)
November 14th, 2008
It looks like the story of Todd Beard is coming to a close. According to a press release on MarketWatch.com, Affliction has received and accepted the Affliction co-founder’s resignation.
SEAL BEACH, Calif., Nov 14, 2008 /PRNewswire via COMTEX/ — The board of directors of Affliction Inc. announced today that it received and accepted the resignation of Todd Beard as an employee of the company. Mr. Beard is one of the original founders of the clothing company based in Seal Beach, California. The resignation coincides with a public apology for comments made by Mr. Beard and directed toward Randy Couture and his wife Kim Couture regarding their business relationship.
Agents Band Together To Fight ProElite Auction
November 10th, 2008
Huntington Beach, CA November 10, 2008 – We as sports agents battle against each other every day for the best opportunities for our clients. Ultimately we realize the struggle is always about the client’s best interest. That is why we as the elite agents in MMA today have band together to address what we perceive to be a grave injustice.
No Comments | Filed under: Cesar Gracie, EliteXC, Ken Pavia, Mark Dion, Monte Cox, ProElite, ShowtimeCan The ProElite Debacle Get Any Worse? (Update)
November 8th, 2008
If you thought the aftermath of ProElite’s demise couldn’t get any worse, you may be wrong. Last we heard, Showtime had scheduled a public sale to auction off all of ProElite’s assets including the fighters’ contracts. Apparently that didn’t sit well with whoever’s left at ProElite though, as it appears they are fighting the sale.
ProElite To Sell Assets To Highest Bidder In A Public Auction (Update)
November 5th, 2008
Remember that ridiculous notice ProElite sent out in response to numerous fighters filing for breach of contract yesterday? You know, the one where they said they still planned on promoting events in 2009. Well, here’s what’s really going on.
In a Securities and Exchange Commission filing dated Nov. 4, executives from Showtime Networks and parent company CBS Corporation announced that the assets of Pro Elite, Inc. would be sold to the highest bidder in a public auction scheduled for Nov. 17.
“Showtime gave the Issuer a notice pursuant to the Security Agreement, as amended, that it intends to sell all of the Issuer’s personal property, whether tangible or intangible, to the highest bidder at a public sale,” the filing states. “Showtime reserves its rights under the Security Agreement, as amended, and applicable lawto adjourn or cancel the sale and thereafter dispose of such property in a public or private sale or in any other manner provided by applicable law.”
So basically, if you’re rich and happen to get your kicks from burning cold hard cash in your fireplace, ProElite is the perfect opportunity for you. Any takers?
ProElite Rising From The Dead?
November 3rd, 2008
Or just buying time?
In response to several notices of breach of contract that managers Monte Cox and Cesar Gracie filed, ProElite has informed them that EliteXC still plans on promoting events.
From MMAWeekly.com:
“Elite XC and ProElite are currently downsizing its staff in an effort to improve its business moving forward,” the notice states. “As this process is implemented, Elite XC cancelled the event previously scheduled for Nov. 8 in attempt to re-schedule another event in early 2009.”
Updated: No Knockout Bonus Included In Petruzelli’s Contract As Lappen Claimed
October 27th, 2008
More EliteXC Heat photos at CombatLifestyle.com
In response to Seth Petruzelli’s comments on the “The Monsters in Orlando” show on 104.1 FM in Orlando the Monday following his bout with Kimbo Slice, former EliteXC Head of Fight Operations Jeremy Lappen claimed that Petruzelli was referring to a knockout bonus, not a bribe to keep the fight standing as widely suspected.
10 CommentsMore From Dana White And T. Jay Thompson On StandGate
October 25th, 2008
In this video from MDS at AOL Fanhouse, Dana White fields more questions from reporters on EliteXC and StandGate. He claims he “knows for a fact” that EliteXC paid Petruzelli to stand among other things. Also notable, without hesitation he shoots down any possibility of the UFC or WEC signing Gina Carano and building a women’s division. Here’s what White tells Dave Meltzer about it.
CBS Locking Down EliteXC Fighters’ Contracts?
October 22nd, 2008
One of the biggest questions to come out of EliteXC’s demise is what’s going to happen with the fighters. It seems they won’t immediately become free agents as everything will likely need to be sorted out in bankruptcy proceedings. Josh Gross of SI.com has a new report which highlights how CBS may be involved in locking down the fighters contracts for the foreseeable future.
1 CommentDana White’s UFC 90 Video Blog: Day Two - First Public Comments On ProElite’s Death
October 22nd, 2008
The inevitable comments from Dana White on ProElite’s death are here, and as you probably expected, he’s a pretty happy guy. White calls it a “great day for MMA.” He then proceeds to rip into Jeremy Lappen, Jared Shaw, and Gary Shaw.
Dana calls Lappen a “three-time loser” who should take his law degree and go “screw up someone’s fucking court case” instead of MMA. The only thing that would be more shocking than Cote beating Silva this weekend is Dana extending Lappen a job offer.
No Comments | Filed under: Dana White, EliteXC, Gary Shaw, Jared Shaw, Jeremy Lappen, ProElite, UFC, UFC 90: Silva vs Cote
