EliteXC Responds To Fighters, Says It Will Promote Events in 2009
Despite numerous reports to the contrary, ProElite, Inc., the parent company of EliteXC, has responded to fighter’s claims of breach of contract and claims not only has it not yet filed for bankruptcy, but that the promotion is simply undergoing significant downsizing and will again promote MMA events next year.
“EliteXC and ProElite are currently downsizing its staff in an effort to improve its business moving forward,” read a portion of the statement. “As this process is implemented, EliteXC cancelled the event previously scheduled for Nov. 8 in attempt to re-schedule another event in early 2009.”
The move is likely a last-ditch effort by the struggling promotion to keep its fighters under contract in hopes of selling of its assets, including fighter contracts, to the highest bidder. Since news first broke that the promotion was going out of business, numerous fighters have submitted formal breach notifications to EliteXC that could result in the fighters being released from their contracts in the coming weeks.
This latest development appears to be simply delaying the innevitable, as all of the promotion’s contracted fighters are likely to hit the open market by year end.
Requests for comment to EliteXC executives have gone unanswered.
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Nooooo! This can’t be true!?!?
EXPECT THEM TO THROW KIMBO ON THIS CARD AND GIVE HIM AN EASY WIN MAYBE A REMATCH TO KEN/SETH. I DONO THEY WON’T PUT ROGERS IN THERE. THEY’LL HAVE THE GINA/CYBORG FIGHT MAYBE A DIAZ/NOONS THERE GONNA HAVE TO MAKE IT STACKED…
wouldnt worry too much, this happens all the time in horror movies.. the bad guy comes in for one last attempt before vanishing forever…. hopefully
I think the “2009 event” is just a farce to keep fighters under contract until they can find someone that would buy out the contracts and get out of the whole they have dug themselves. Now who’s happy they came along and “helped” all those fighters by paying them more money.
I was thinking the same thing Justin.
This is a ploy to retain the rights of their fighters so that they can profit from their sale. Legally, they’d have to prove they have the intention of putting on a show as well as the assets to do it.
UFC should just buy them cheap and then hold a public burning of anything with that logo.
And toss Kimbo on the fire.
Desperate attempt to save face.