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UFC & Dana White crushing competitors - EliteXC folds

Postby thesteelhammer » Thu Oct 23, 2008 10:13 pm

EliteXC goes Belly up
http://www.mmafighting.com/news/2008/10/21/elitexc-closes-its-doors
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EliteXC, the first MMA promotion to hold a live event on network television, has ceased operations after less than two years.

Its parent company ProElite has filed for bankruptcy and the lone remaining EliteXC event of 2008 “A Night of Champions” has been cancelled.

The event was scheduled to feature title bouts between Robbie Lawler-Joey Villasenor and Eddie Alvarez-Nick Diaz.

Diaz’s camp confirmed on Monday the shutdown and fight cancellation on GracieFighter.com.

“We are confirming that EliteXC has folded. What this means for our fans and supporters is that there will not be a Nick Diaz vs. Eddie Alvarez fight on November 8th,” the website stated.

The future of ProElite’s assets – which includes King of the Cage, Cage Rage and Icon Sport – as well as fighter contracts will likely be decided in bankruptcy court, unless otherwise determined by the contract.

News of EliteXC’s fall comes one month after the IFL – the other major publicly traded MMA company -- filed for chapter 11 bankruptcy protection.

Since its inception the EliteXC has lost over $55 million. The group lost $27 million in 2007 alone. EliteXC could have been saved if sold to CBS, but the deal fell through.

While not financially successful, EliteXC was the most prominent MMA organization in the US after the UFC. Here MMAFighting.com answers your questions on EliteXC:

Will there be anymore live MMA events on network TV?

Maybe. If CBS decides to stick around in the MMA business, it can promote its own fights or work with another MMA promotion. Affliction, now the UFC’s biggest competitor, is a possible candidate. Affliction was last seen on CBS when it gave away Andrei Arlovski vs. Roy Nelson to the EliteXC: Heat card.

In addition, Strikeforce, which already has a deal with NBC with taped programming, is currently in talks to bring live MMA to the network.

What happens to the fighters/events?

Depending on the specifics of the individual’s contract, fighters will either be immediately available to fight elsewhere or may have to wait to see who purchases their contracts in bankruptcy court.


King of the Cage in particular will continue to operate with no setbacks.



Dana White gloats about EliteXC's demise

http://www.mmafighting.com/news/2008/10/23/dana-white-calls-elitexc-death-a-great-day-mma

Then Dana bans from UFC productions a competing MMA clothing line that had some big names signed.

http://www.mmafighting.com/news/2008/10/23/ufc-bans-mma-authentics-cage-fighter
Featured Story:
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UFC fighters will no longer be allowed to wear shirts from MMA Authentics and its related brands, according to a report on MMAPayout.com.
MMA Authentics, an Ohio-based apparel company launched when the UFC came to the state for the first time in March 2007, includes the Cage Fighter, Familia Gladitoria and MMA Elite brands.

MMA Authentics joins Affliction and Xtreme Couture on the list of clothing lines not allowed at UFC events.

Sources told MMAPayout.com that UFC instituted the ban after losing shelf space to MMA Authentics at Wal-Mart stores.

MMA Authentics/Cage Fighter has sponsored many of the UFC's top stars such as Roger Huerta, BJ Penn, Chuck Liddell, Joe Stevenson and Diego Sanchez.


IS IT A GOOD THING THAT ONE ORGANIZATION HAS SO MUCH POWER IN THIS SPORT?

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Re: UFC & Dana White crushing competitors - EliteXC folds

Postby WoodsonOfSteel » Thu Jan 08, 2009 4:41 am

Dude...

You've made it known to the Stillers.com world that you're a devout Republican...

You shouldn't have any problem with capitalism at work. It's the American way, right?

Microsoft has been doing it for YEARS.

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