jakkups
02-05-2009, 04:59 PM
Strikeforce announces acquisition of Prolite/EliteXC assets (http://mmajunkie.com/news/13920/strikeforce-finalizes-deal-for-several-prolite-assets.mma)
The long-rumored sale of many of the ill-fated ProElite organization's assets is finally complete.
Rumors of the sale initially surfaced on Wednesday evening as SI.com's Josh Gross received confirmation of the transaction from ProElite Chief Executive Officer Chuck Champion.
Today a press release by the California-based Striekforce organization confirmed that the company has purchased a significant portion of ProElite's assets, including some fighters' contracts and a video library of past CBS and Showtime-broadcast events.
"This is a tremendous development that will bolster the Strikeforce roster and allow us to produce even more competitive matchups between top fighters," Strikeforce CEO Scott Coker stated. "Some of these athletes have been on the sidelines for a while now and are eagerly waiting to return to competition. We look forward to providing them with the opportunity to do so in the next few months."
ProElite is the parent company of Elite Xtreme Combat, which in 2008, became the first-ever mixed-martial-arts organization to air on major U.S. network television.
No specific mention of which fighters' contracts were included in the acquisition was noted in the release, nor was any mention made of the CBS and Showtime television deals that ProElite had in place before it ceased operations. Immediate attempts by MMAjunkie.com (www.mmajunkie.com) to reach Coker and Strikeforce Director of Communications Mike Afromowitz were unsuccessful.
The CBS and Showtime television contracts in question would seem to be a driving factor behind Strikeforce's desire to purchase the assets of the crumbling ProElite organization. Strikeforce currently airs a weekly 30-minute program of highlights and fights from its video library on NBC. As MMAjunkie.com reported in late 2008, Strikeforce was in advanced talks to air live Strikeforce events on the Pea**** Network, through a deal has yet to be reached.
Strikeforce and ProElite's other recently rumored suitors were also interested in the previously mentioned fighter contracts. ProElite held the contracts of such marketable commodities as Gina Carano, Eddie Alvarez, Jake Shields, Kevin "Kimbo Slice" Ferguson and Nick Diaz, though it's not clear which, if any, will be acquired in today's sale.
The release does not bring further details to the fate of the other ProElite-branded promotions King of the Cage, Cage Rage, Rumble on the Rock, ICON Sport and SpiritMC.
I'm just glad that alot of these fighters now have a place to fight again.
The long-rumored sale of many of the ill-fated ProElite organization's assets is finally complete.
Rumors of the sale initially surfaced on Wednesday evening as SI.com's Josh Gross received confirmation of the transaction from ProElite Chief Executive Officer Chuck Champion.
Today a press release by the California-based Striekforce organization confirmed that the company has purchased a significant portion of ProElite's assets, including some fighters' contracts and a video library of past CBS and Showtime-broadcast events.
"This is a tremendous development that will bolster the Strikeforce roster and allow us to produce even more competitive matchups between top fighters," Strikeforce CEO Scott Coker stated. "Some of these athletes have been on the sidelines for a while now and are eagerly waiting to return to competition. We look forward to providing them with the opportunity to do so in the next few months."
ProElite is the parent company of Elite Xtreme Combat, which in 2008, became the first-ever mixed-martial-arts organization to air on major U.S. network television.
No specific mention of which fighters' contracts were included in the acquisition was noted in the release, nor was any mention made of the CBS and Showtime television deals that ProElite had in place before it ceased operations. Immediate attempts by MMAjunkie.com (www.mmajunkie.com) to reach Coker and Strikeforce Director of Communications Mike Afromowitz were unsuccessful.
The CBS and Showtime television contracts in question would seem to be a driving factor behind Strikeforce's desire to purchase the assets of the crumbling ProElite organization. Strikeforce currently airs a weekly 30-minute program of highlights and fights from its video library on NBC. As MMAjunkie.com reported in late 2008, Strikeforce was in advanced talks to air live Strikeforce events on the Pea**** Network, through a deal has yet to be reached.
Strikeforce and ProElite's other recently rumored suitors were also interested in the previously mentioned fighter contracts. ProElite held the contracts of such marketable commodities as Gina Carano, Eddie Alvarez, Jake Shields, Kevin "Kimbo Slice" Ferguson and Nick Diaz, though it's not clear which, if any, will be acquired in today's sale.
The release does not bring further details to the fate of the other ProElite-branded promotions King of the Cage, Cage Rage, Rumble on the Rock, ICON Sport and SpiritMC.
I'm just glad that alot of these fighters now have a place to fight again.