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MMA Promotion EliteXC Goes Bankrupt
By: Chad Edward in MMA News
ProElite, Inc. has cancelled it's 8 November EliteXC MMA event, ceased operations, and filed for bankruptcy, according to numerous reports.
ProElite, Inc. is the parent company of the EliteXC promotion that is nationally broadcast in the States on CBS, as well as owner of the MMA brands King of the Cage, CageRage, ICON, and Spirit MC.
ProElite's website is functioning and has no mention of the company's bankruptcy.
However, Gracie Fighter, the website of EliteXC fighter Nick Diaz's (18-7) manager, Cesar Gracie, posted Monday evening, "We are confirming that EliteXC has folded."
The cancelled event was to have taken place in Reno and aired on Showtime featuring title fights in two weight divisions.
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