Luiz Cane says he’d like to fight fellow light heavyweight contender Rich Franklin, heavyweight prospect Bobby Lashley will next fight in September, and Diego Sanchez will get the next lightweight title shot against the BJ Penn-Kenny Florian.

Also, the MMAFrenzy.com rumors section has been completely updated.

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Heavyweight up-and-comer Chris Tuchscherer will reportedly make his UFC debut at UFC 102 on August 29th in Portland, Oregon against Gabriel Gonzaga. UFC 102 is headlined by Randy Couture vs. Antonio Rodrigo Nogueira and is also expected to feature Demian Maia vs. Nate Marquardt, Keith Jardine vs. Thiago Silva, and Matt Hamill vs. Brandon Vera.

In celebration of UFC 100, Spike TV will present a 5-part special, “UFC’s Ultimate 100: Greatest Fights” highlighting the best 100 bouts in UFC history, as voted on by the fans.

PRESS RELEASE — In a transaction signaling the dawn of a new era in the world’s fastest growing sport, world championship mixed martial arts (MMA) organization Strikeforce, has acquired certain fighter contracts from ProElite, Inc, the parent company of former Strikeforce co-promoter, Elite Xtreme Combat (EliteXC).
Strikeforce also acquired other specific assets of ProElite, including [...]

UPDATE (by Kris Karkoski): SI.com’s Josh Gross confirmed with ProElite CEO Chuck Champion on Thursday that Strikeforce has finalized its purchase of select ProElite assets.
According to the report the deal includes:
With Strikeforce:

Strikeforce and ProElite agree to a limited asset purchase, including some fighter contracts and options for additional fighter contracts
Strikeforce obtains library footage for EliteXC [...]

Showtime has canceled its planned auction of the assets of ProElite, Inc., the parent company of MMA promotion EliteXC, which had been scheduled to take place on Monday.
“Showtime Networks Inc. has adjourned the previously announced public sale of personal property of ProElite, Inc. and certain of its subsidiaries scheduled for November 17, 2008,” read the [...]

ProElite, Inc., the parent company of mixed martial arts promotion EliteXC, is attempting to block the sale of its assets by Showtime, according to a recent SEC filing.
“The Company plans to take all appropriate measures to prevent the sale from occurring,” reads a portion of the filing. “Such measures may include raising additional financing, filing [...]

Mere moments after publishing our report on EliteXC’s intent to promote events in 2009 comes word that the assets of ProElite Inc., the parent company of EliteXC, will be sold at a public auction on November 17th.
“On October 31, 2008, Showtime gave the Issuer a notice pursuant to the Security Agreement, as amended, that it [...]

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 [...]

A preliminary investigation by the Florida State Boxing Commission into the October 4th EliteXC main event between Kimbo Slice and Seth Petruzelli has found no wrongdoing and the case has been closed.
The results of the investigation were released by the commission late Thursday and a full investigation into the matter will not take place.
Accusations of [...]

The California State Athletic Commission today upheld the one-year suspension of EliteXC heavyweight champion Antonio Silva following an appeals hearing.
Silva, who claimed the newly-created title with a second-round TKO of Justin Eilers in July, tested positive for the anabolic steroid Boldenone following his July victory.
Several pieces of evidence were submitted by Silva during today’s hearing, [...]

EliteXC Manager of Fight Operations JT Steele on Tuesday informed Nevada State Athletic Commission Executive Director Keith Kizer via email that the promotion was canceling its November 8th event scheduled for November 8th in Reno, Nevada.
The email also officially confirmed that ProElite, Inc., the parent company of EliteXC, ceased operations on Tuesday.
MMAFrenzy.com was forwarded a [...]