EliteXC Done

Fozzy

Dragan wrote: »

Well i hate to say it but Meltzer is wrong. Plain and simple.

How dare you :pac:

They were always going to lose money anyway. Every MMA promotion in their position has so far. Good management could have limited how much they lost, but in the end they were going to need this sale anyway. And there was one thing that halted the sale

Three weeks ago all was well and good in the EliteXC world

Meltzer explained it much better than me in a huge article in the Observer this week

rovert

It was bad management from the beginning which lead the failure of the company.

rovert

According to graciefighter.com:

EliteXC representatives have vowed that they will continue operations and will be planning a show in early 2009. Most of the major EliteXC fighters under contract have been notified.

Lead counsel for the organization has informed us that contrary to popular beleif, EliteXC has not filed for bankruptcy and has merely scaled down their staff.

This will be a setback for all EliteXC fighters currently under contract as they will be unable to fight in other organizations without the express written permission of EliteXC. Barring a judicial ruling, EliteXC fighters could be hampered from signing with another organization.

However, Nick Diaz will be able to fight in Japan if terms are agreed upon with a Japanese organization due to a previous agreement with EliteXC. It is assumed that Eddie Alvarez will also be able to fight in the Far East without any EliteXC restrictions due to his previous contract with Dream.

Charlie3dan

Flogging a dead horse?

And it means they are basically preventing fighters from fighting? I wasn't all that upset to hear elite xc were done because it potentially meant we'd see some great fights happen in the ufc. But this seems the worst of both worlds.

They'll need that show in early 09 will need to be a big one, if it actually happens.

rovert

Seth from Halloween:

JohnMc1

Bubs101 wrote: »

Could Gina not benefit from the death of Elite XC.

Gina has the American Gladiators gig to fall back on so she won't be struggling to pay her bills anytime soon. If she continues in MMA she'll likely end up in Strikeforce since Kim is fighting on an upcoming card.

Gary Shaw's comments were alot more damning than Seth's. Seth's could of easily been written off as a guy being on cloud 9 following the biggest win of his career. If Shaw had a brain he would of said they gave him a bonus for either stepping up at the last minute [making Kimbo look like a legit threat] or they gave him a bonus for KO'ing Kimbo [ala UFC's KO & other "_____" of the night bonuses] Shaw for all intents and purposes admitted they fixed the fight hoping for Kimbo to KO Seth [Jarred screaming "NO!" like a woman at ringside didn't help either]

Fozzy

Their assets are up for public auction now: http://www.mmaweekly.com/absolutenm/templates/dailynews.asp?articleid=7496&zoneid=2

That will obviously include the tape library, but I wonder how many fighter's contracts might be included