The Curtains Close on EliteXC
October 20, 2008 at 8:45 pm by Jason Hatcher in News
Josh Gross of Sports Illustrated reports that after barely two years of existence ProElite, Inc., notified employees and fighters Monday it was closing down shop effective immediately. EliteXC was the face of the company that also included other promotions such as King of the Cage and Rumble on the Rock. But record financial losses seem to have proved impossible for the promotion to weather even with the silver lining of high television ratings through its national television deal with CBS and a cable deal with Showtime Sports. EliteXC is still currently under investigation in the state of Florida for possible fight-rigging and corruption. One can only guess that this investigation played some sort of role in the downfall.
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