Report: EliteXC Nov. 8 show in jeopardy, ProElite in danger of folding

ProElite and EliteXC may be in their final days of business as of Monday night. Most, if not all fighters in EliteXC have been notified that the November 8 show in Reno has been canceled due to a lack of funding. The show was set to have showcase Eddie Alvarez vs. Nick Diaz in the main event for the EliteXC lightweight title.

The news comes via a report by Sherdog late this evening.

“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,” reads a notice on the Graciefighter.com website, a website which is run by member of Diaz’s camp. 

Showtime Networks had filed public notice with the U.S. Securities and Exchange Commission in early September that had announced the Networks’ intention to enter into preliminary negotiations to purchase ProElite. It seems that all was well and moving forward with the purchase heading into CBS’ third installment of Saturday Night Fights two weeks ago.

However, with the comments made by Seth Petruzelli to a morning talk show that he was paid to keep the fight standing, negotiations seem to have come to a screeching halt. The negative press combined with the preliminary investigation of the October 4 show by the Florida Boxing Commission may leave the company hanging out to dry with no funding and a huge $55 million dollar deficit which may cause ProElite and, in turn, EliteXC to close their doors.

31 COMMENTS
  • Pete says:

    Haha I’m glad this crap organization is gone. The writing has bee on the wall for months now.

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  • Patrick says:

    On the one hand I was never a big fan of the way EliteXC handled itself, on the other hand I love MMA… and yeah I’m sad that there can potentially be less of it in the future.

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  • William W. says:

    Sucks for a lot of talented fighters. Esp. the women who now have no viable place to go fight.

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  • Toad says:

    You cant deny that Elite XC was bad for the sport of mma, i mean those type of shows on primetime tv are not a good way to represent the sport. This is for the better and now all the legit talent (shields, diaz, lawler, etc) can make their way to the big shows like UFC.

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  • Eric says:

    Agree with William on this one. All of the talented male fighters will find a new home. The female ones may find homes, but not nearly as much exposure as they had before. Maybe WEC can start promoting female fights. They are getting rid of the heavier weight classes, so adding women to the mix wouldn’t stretch their roster thin depending on the number of shows they run. I think Dana has said in the past he wasn’t a fan of female MMA though. Looking forward to Diaz, Rogers and Shields in UFC. Glad I’ll never have to see Kimbo and Petruzelli on television again.

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  • egad81 says:

    Are you jokers all crazy??
    I never really get heated on this site but for christ’s sake… get a grip

    HOW…. Can you say “EliteXC was BAD for MMA”?????

    #1 EliteXC made Gina Carano FAMOUS! (THANK YOU)

    Did you ever think names like Nick Diaz, Jake Sheilds, Frank Shamrock, Cung Le, Gina Carano…. are not in the UFC for a reason???
    They are all BAD ASS FIGHTERS…..but the UFC is like the BUSH ADMINISTRATION! They do whatever they want and dont give a FUCK about the fans…. If they did they would sign the fighter the FANS WANT TO SEE.

    I want to see GINA (naked but thats besides the point)

    If EliteXC actually is dead what do we have left on TV?
    WEC… 1 card every 4 months
    Strikeforce (which i hear is taking EliteXC place)
    DREAM (Already my favorite but not enough shows)

    Not for nothing…. but I am going to tell my dad to up my allowance so I can start my own MMA promotion. (You think $7 a week will do it?)

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  • Jesse says:

    Can’t say we didn’t see it coming.

    Bummed for a few friends who fight for them, but maybe this may be a good thing for their careers.

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  • dalton salinas says:

    this is not good for mma

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  • Cathedron says:

    Not a surprise, but still a little sad to see EliteXC’s few decent fighters left high and dry. Maybe Affliction can get a deal with CBS and acquire their roster. That would be cool. At least Affliction has some class. As much as it pains me to say this, the boxing/MMA show idea might be great for CBS and for introducing MMA to a casual audience.

    I agree that the WEC should have a women’s division.

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  • Rob says:

    If Elite XC is done the only thing that I am worried about is the womens fights. The guys will as someone said above will have a place, but I was all excited for the Carano vs. Cyborg fight. If they can find a place to promote them in a positive way, not the whole bra and panties cat fight shit of the WWE type MMA promotions which do exist, I’ll be just fine with XC going under, wasn’t a big fan to begin with.

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  • J-Hawker says:

    Hopefully Gina,Chris Cyborg and other females can find a home with Strikeforce since they believe in womens mma and their promotion is doing well and in the black from what I understand.
    I am/was a big fan of Elite and hope KOTC,ICON and Cage Rage aren’t finished too.

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  • Cathedron says:

    I think the craziest jokers are the ones who think that anyone on EXC’s roster could even survive in the UFC. The stars in EXC are only stars because they are medium sized fish in a very small pond. It’s smart for their careers and can make for some great fights, but they can’t hang in the UFC. Call it the Shonie Carter Effect… or, in less than a year, call it the Houston Alexander Effect.

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  • Joseph says:

    Sad to see. HUGE fan of EliteXC and it is sad people don’t even realize how many good fighters they had. All people know are fighters who use to fight for the UFC like Diaz and Lawler. Pathetic.

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  • HexRei says:

    I agree with egad, anyone who is cackling with glee over this is a fool. EXC spotlighted many good fighters despite the Kimbo debacle and the loss of any good MMA is still a loss to MMA. Additionally EXC brought female MMA to the masses which is amazing in and of itself.

    I am personally hoping WEC will bring female fights to their show. One thing the EXC-CBS deal did was demonstrate that female fighters can draw viewers, and with WEC dropping their MW and LHW divisions and EXC folding, the time is ripe. WEC GIVE US FEMALE FIGHTS!

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  • dpk says:

    I’m really looking forward to seeing Shields, Lawler, Herman, Alverez, and several of the other top notch fighters in UFC. I’ve never like Gary or Jared Shaw and how they ran the organization, so I hope this is the last that we see of them in MMA. Female division would make some sense for WEC, espcially if they got to promoting monthly shows.
    If ProElite totally goes out of business, with CR, ICON, Fury, then there is alot of minor leagues out there that won’t exist for up and comers to take their shot, and that isn’t a good thing for the sport.

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  • Squall says:

    This is a good thing because all i have heard from people that don’t know shit about the sport have been saying “They just proved the UFC is fake on national TV the other week” How can you tell me its good for the sport? Thank god Elitexc is done for.

    And for the record Gina isn’t that hot, its all makeup.

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  • jdavis says:

    There is good and bad in this but it’s not like it is any kind of surprise. ProElite was a crappy company that did itself in with it’s own mistakes. It sucks for the fighters, particularly the handful of women’s fighters they employed and it really sucks that EliteXC is dragging down so many good minor promotions that they bought out with them but from a business sense they were just sucking up money and making investors leery of the whole sport.

    This isn’t a disaster it’s just another poor business performer on the pile of failed MMA org screw ups, they are constantly coming and going and the sport still survives and grows. In the long run getting the chaff out of the way may open up for a decent organization that actually has the ability to last longer than two years.

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  • HexRei says:

    Squall on October 20th, 2008 10:54 pm

    This is a good thing because all i have heard from people that don’t know shit about the sport have been saying “They just proved the UFC is fake on national TV the other week” How can you tell me its good for the sport? Thank god Elitexc is done for.

    And for the record Gina isn’t that hot, its all makeup.

    Please show me this incredible makeup that stays on through 10 minutes of sweating, hot lights, and having your face worked on by fists, shoulders, various other surfaces. Are you suggesting it’s tattooed on, perhaps?

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  • Shatner says:

    People who say their glad EliteXC is going to fold i just don’t understand.You must really not be a big fan of MMA.I can understand if you say you don’t like the Shaws or you think Jeremy Lappen is a liar that’s fine but to wish that a promotion folds when you get to watch MMA and sometimes on national TV with some good fighters and you hope they fail i don’t get it.I really think some people just think their personally a part of the UFC and can only enjoy and watch that.Dana White has really bullshited a whole new fan base for this sport from TUF and his slick way of talking as if he were the biggest star in the sport.

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  • Neil@LightsOutRadio.com says:

    Despite the fact that EliteXC has been pretty shady from the get-go, I’m a little upset about this news… because I won’t get to see Eddie Alvarez beat in Nick Diaz’s face. Really, the next show (despite not being on CBS) was going to be great. I do hope that the UFC picks up the better talent though, and showcases them as they ought to be… Alvarez, Shields, Lawler, to name a few.

    On the brighter side of things, look at it this way: they lasted longer than Yamma!

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  • dpk says:

    So, this means Tito isn’t signing with EliteXC?? He better sign a contract quick his options are running out, seeing that he ruled out Affliction and UFC. Looks like it will be Strikeforce for Tito.

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  • Planet F says:

    I will miss seeing the female fights.

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  • jdavis says:

    ” People who say their glad EliteXC is going to fold i just don’t understand.You must really not be a big fan of MMA.I can understand if you say you don’t like the Shaws or you think Jeremy Lappen is a liar that’s fine but to wish that a promotion folds when you get to watch MMA and sometimes on national TV with some good fighters and you hope they fail i don’t get it.I really think some people just think their personally a part of the UFC and can only enjoy and watch that.Dana White has really bullshited a whole new fan base for this sport from TUF and his slick way of talking as if he were the biggest star in the sport.
    .”

    So your upset that EliteXC is gone because you hate Dana White? A lot of people are happy that EliteXC is gone because it was a piss poor company that scared investors off from the whole sport with their horrible losses, suffered from scandal after scandal after scandal, was created basically as what Gary Shaw thought MMA should be, pretty much anything Jared Shaw ever said or did that involved MMA, got casual fans to associate the sport with Kimbo Slice and dancing girls, now has mainstream media calling the whole sport fake, knock out bonuses and Shaw’s bias against ground fighting, making silly weight classes to fit the weight that people they want to push can make, their involvement with the Dynamite USA show, their interference with Frank Shamrock and Strikeforce that caused Strikeforce to sue them, they bought out several sucessful small local organizations and basically killed them through ineptness, Cage Rage going from the largest MMA organization in Great Britain to cancelling shows to now being dragged down into the abyss with ProElite’s bloated corpse, lost 55 million of other people’s dollars in two years time, the whole KJ Noons debacle, Nick DIaz and the pot paperwork debacle in California, the first CBS show looking like cheap pro wrestling in it’s presentation, booking Ken Shamrock to fight Kimbo, botching Ken Shamrock fighting Kimbo……. do I need to go on? It has nothing at all to do with the UFC it has to do with the crap EliteXC pulled and the fact that their greed and ineptness let the whole sport down. Hopefully a better organization will rise up and take their place as the number two organization because MMA fans deserve better than EliteXC.

    You say it’s ok to hate the Shaw’s and Lappen but not to hate EliteXC? How? They are the people who created and ran EliteXC, it was Gary Shaw’s vision of MMA run the way Gary Shaw designed it to run. I mean good grief your blaming Dana White and the UFC for what people think but saying you don’t understand why people hate EliteXC for the damage it has done to itself and the sport? It’s sad to see fighters lose contracts and fans lose shows but it’s real easy to understand why people aren’t sad to see that piss poor organization finally finish killing itself off. There was no reason to be attached to EliteXC they have been obviously dying for almost as long as they have been around, what is sad about this is all the collateral damage they caused to the sport as they bungled along for two years. People should be angry at EliteXC for letting fighters and fans and the whole damn sport down, if they weren’t so darn inept this wouldn’t of happened.

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  • Shatner says:

    Jdavis must have drank too much tonight.

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  • Rich S. says:

    please tell me this means Lawler, Daley, Shields, Diaz, Alvarez, Herman and many more can make their ways to the UFC in the future..

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  • derreckla says:

    Pro Elite R.I.P.

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  • jdavis says:

    “Jdavis must have drank too much tonight.”

    It’s the opposite, I didn’t drink enough :D

    The whole, if you don’t agree with me you must be brainwashed by the UFC shtick is getting old.

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  • HexRei says:

    JDavis, so every MMA company the UFC has defeated were inept? Or just EXC? I mean Pride, WFA, Bodog, Exc, possibly Affliction for all we know… all inept? The Shaws made some bad decisions but there were a lot of good things about EXC and the loss still sucks imho.

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  • jdavis says:

    HexRei- I’m not sure what you mean by “the UFC has defeated”? Are you blaming the failure of all those companies on the UFC? They weren’t “defeated” they all failed as businesses.

    EliteEX failed because they lost 55 million dollars in under two years, Pride failed because they lost their Japanese tv contract due to the Yakuza scandal and were no longer profitable, Bodogfight failed because they lost 38 million dollars, The IFL failed because they lost 30 million dollars, WFA (also CEO’d by Jeremy Lappen) failed due to severe financial problems and Affliction MMA is currently in trouble due to financial issues of their own making. The UFC didn’t defeat any of them they all went out of business due to their hemorrhaging of millions of dollars in very short spans of time. There was some good things from all of those companies but that doesn’t mean any of those were actually good companies. This isn’t about the UFC it’s about companies that failed due to their own sub-par performance, if any of them had found a way to make money at MMA then they would still be around offering a real alternative and competition for the UFC. Competition is fine but, so far only the UFC and Strikeforce have found ways to provide the fans with a good product and actually make enough money to survive from MMA though.

    The big difference for ProElite is that they had opportunities the other companies could only wish for(they even accomplished things the UFC hasn’t been able to) and they still found a way to burn through millions and millions of investors dollars and go out of business. The UFC didn’t defeat EliteXC, EliteXC defeated EliteXC. I grieve for people who lost their job and investors who lost their investment and the women’s fighters who are short on other opportunities and the small organizations like King of the Cage, Cage Rage and Icon sports that ProElite is dragging down with them but I don’t grieve for the death of a company that lost all it’s investors money, made a lot of really bad decisions and brought scandal to the sport I love.

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  • dpk says:

    Crazy thought, maybe UFC can sign Lawler and Villasenor, and have them fight on 91 or 92, and then if Lawler wins he can coach against Bisping on TUF. At least then we can see Silva beat up someone he hasn’t destroyed already after the coaches fight.

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  • Eric says:

    jdavis is spot on with his comments. If people can’t put their Dana White bias aside and see the facts then that’s a shame.

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