DREAM and ProElite announce new partnership
In what seemed like a foregone conclusion, ProElite and DREAM have announced a partnership that will see the two organizations co-promote events and swap talent as a result of the deal. DREAM recently had a partnership with Strikeforce, but things fell apart once Zuffa purchased Strikeforce in early 2011. The relationship starts this Saturday night in Hawaii as DREAM mainstay Ikuhisa Minowa takes on... [Read More...]
Kendall Grove vs. Ikuhisa Minowa set to headline ProElite 3
ProElite has announced the main event of their next offering and it’s one that I’m sure many fight fans would have never dreamed about. Kendall Grove, who headlined the first ProElite event in August, will step back into the cage against long time veteran Ikuhisa Minowa, better known by some as “Minowaman.” The event is scheduled for January 21 at the Blaisdell Arena in Honolulu,... [Read More...]
[UPDATED] Pedro Rizzo out of ProElite fight with Tim Sylvia
![[UPDATED] Pedro Rizzo out of ProElite fight with Tim Sylvia](http://fiveouncesofpain.com/wp-content/uploads/2011/10/ProElite-MMA-Logo-e1318887482721-147x150.jpg){kind=logo}
Three weeks out from making their mainland debut after a successful August offering in Hawaii, ProElite v. 2.0 has been left looking for a replacement in one of the November 5 event’s co-headlining bouts. Pedro Rizzo, set to scrap with former UFC heavyweight champ Tim Sylvia at the show, took to Twitter where the 19-9 Brazilian relayed news of having torn his tricep while training for the bout. Injuries... [Read More...]
Former UFC fighters Arlovski and Grove get back to winning ways at ProElite
Pugilists and pineapples were in full effect Saturday night, as the new version of ProElite fired up from the Aloha State with an event featuring former UFC heavyweight champ Andrei Arlovski looking to take the first step back towards his former glory. Also in action were undefeated Olympic wrestler Sara McMann and TUF 3 winner Kendall Grove in addition to B.J. Penn‘s brother, Reagan Penn, and... [Read More...]
“ProElite: Arlovski vs. Lopez” Weigh-In Results
ProElite V. 2.0 is ready to make their debut this weekend with an event featuring a number of UFC veterans including former heavyweight champ Andrei Arlovski and Ultimate Fighter Season 3 winner Kendall Grove, as well as the MMA debut of B.J. Penn‘s brother Reagan Penn and undefeated Olympian Sara McMann. However, before things became official in the Aloha State the lot of competitors stepped... [Read More...]
Kendall Grove: “I’d be lying if I said there was no emotion behind the fight.”
While this weekend’s spotlight may be shining on Anderson Silva’s attempt to avenge his last loss, 8,000 miles away a different middleweight will have his sights set on evening the score with an opponent who handed him his first. In May 2004, Ultimate Fighter Season 3 winner Kendall Grove was three fights into his career when he ran into Joe Riggs at Rumble on the Rock 5 and suffered a knockout... [Read More...]
Andrei Arlovski poised for ProElite debut against 5-2 finisher Ray Lopez
When Andrei Arlovski takes to the ring Hawaii next month for ProElite he will be likely be fighting for far more than a paycheck or victory – his future in MMA may very well be on the line as well. The former UFC heavyweight champ’s reputation, and chin, has taken some major hits over the past few years resulting in some public concern for his health after three particularly nasty knockout losses... [Read More...]
ProElite planning to stay in the MMA business
With recent news that Strikeforce has acquired select assets from ProElite, Inc., there has been some confusion about the status of ProElite going forward. However, ProElite CEO Chuck Champion is quoted in a recent press release as saying that the company will continue to exist and intends to promote MMA shows under its King of the Cage brand. “With the sale, ProElite can now operate substantially... [Read More...]
While the identity of ProElite’s potential buyer remains a mystery, new details come to the forefront
In attempting to uncover the identity of the company that has allegedly recorded a successful bid for the assets of ProElite, FiveOuncesOfPain.com has uncovered myriad new details. According to sources, several members of the MMA media had been informed that Scott Coker and his San Jose-based Strikeforce promotion were in the process of closing a deal to complete the ProElite acquisition. This information... [Read More...]
Sources: Deal to acquire ProElite’s assets believed to be near completion
In recent hours FiveOuncesOfPain.com has been informed by sources that ProElite, Inc. has accepted a bid to sell its assets to an outside company. However, Five Ounces of Pain has been unable to verify the identity of that company. It is also unclear whether the company came close to receiving its asking price of $9 million. An announcement could be made by the end of business on Thursday, or possibly... [Read More...]
Sources: ProElite working diligently towards completion of sale
FiveOuncesOfPain.com has learned through multiple sources – all speaking on the condition of anonymity – that ProElite’s current management team is hard at work towards completing the sale of the company. Indications are that ProElite believes it could have an agreement in place prior to the Christmas holiday. According to sources, as many as three groups are believed to be vying... [Read More...]
ProElite’s potential mystery investor revealed
In a Nov. 19 filing with the Securities and Exchange Commission, ProElite indicated that the troubled company could possibly be close to receiving new funding from an outside source. “The Company is continuing discussions with potential strategic investors to secure financing sufficient to cure any possible default under the Showtime loan agreements. However, there is no assurance as to whether... [Read More...]
Showtime Adjourns Public Auction of ProElite Property
FiveOuncesOfPain.com was notified on Friday afternoon in an e-mail from Showtime Networks that the premium cable provider has “adjourned” a planned auction for Monday in which select assets of ProElite, Inc. were to be made available to the highest bidder. “Showtime Networks Inc. has adjourned the previously announced public sale of personal property of ProElite, Inc. and certain... [Read More...]
More agents join the stand against Showtime’s planned auction of ProElite fighter contracts
Several of the top agents in the mixed martial arts industry released a joint press release earlier this week to declare their opposition of Showtime’s planned Nov. 17 auction of ProElite’s assets. They formed a united front due to the fact that some of the advertised assets for the auction include the contracts of the men and women that they work for. In reading the release, it was almost surreal... [Read More...]
Cesar Gracie says Nick Diaz to fight next in Japan
Ever since the collapse of ProElite and EliteXC, managers such as Monte Cox have reviewed their fighters’ contracts and contacted EliteXC officials about a possible breach of contract with ProElite closing its doors. The contract for EliteXC’s fighters basically states that if EliteXC is unable to fulfill its payment obligations that the fighters can seek to terminate their contract with... [Read More...]
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... [Read More...]
SHOWTIME begins formal talks to acquire EliteXC
Showtime Networks signaled through a filing with the Securities and Exchange Commission on Thursday its intentions to commence formal negotiations towards an acquisition of ProElite, Inc. ProElite is the parent company of EliteXC, King of the Cage, Cage Rage, and ICON Sport and has television deals with Showtime, CBS, and Fox Sports Net but has also absorbed losses of approximately $55 million since... [Read More...]
ProElite’s stock crashes back to Earth
After jumping from $2.50 per share to $8.00 a share on Friday, ProElite’s stock (PELE.PK) fell $5.25 from $8.00 to $2.75 per share on Monday. The volume for the day was just 3,000 shares, making it likely that just one investor sold his or her shares in the company. In other company-related news, according to ProElite’s 8-K extension request submitted to the Securities Exchange Committee,... [Read More...]
5 Oz. Feature: Breaking down ProElite’s current situation
I’ve made a lot of phone calls and have done a lot of reading and can report with confidence that ProElite and EliteXC and are not on the verge of collapse as some have speculated. EliteXC canceled the Sept. 20 show for various reasons. First, it was behind the eight-ball when it came to finalizing a card and getting it approved with officials at SHOWTIME. The card also lacked a marquee main... [Read More...]
Strange happenings for ProElite
In addition to EliteXC canceling its planned Sept. 20 event in Albuquerque, N.M., we are receiving word that its parent company, ProElite, has also called off a “Contenders 11” event in the UK that had been scheduled for today. “Contenders” is the “B” brand of Cage Rage, which was acquired by ProElite last year. Several layoffs have also taken place with Cage Rage... [Read More...]
