EliteXC's Best Fight May Be In Court

Seems as though Proelite inc., the parent company of EliteXC, isn't quite ready to give up the ghost.

Showtime announced on October 31st that they would be auctioning off all tangible and intangible assets on November 17th.  This sale is said to include fighter contracts, trademarks, names of organizations that joined the consortium, as well as various tangible assets.

This came after a notice to EliteXC contracted fighters' management on October 20th that the organization was closing it's doors.

MMAWEEKLY.com reported :
"In response, many of the managers sent a “notice of breach” letter to the company, citing a clause in the contract that permits fighters to terminate the contract and seek monies owed to them if Pro Elite isn’t able to fulfill their “promotional and payment obligations” within thirty days."

This would free fighters to fight in other promotions.  But in a sudden 180 degree turnaround, Proelite has responded to these Notice Of Breach letters with letters stating they will be fighting the announced auction of assets by Showtime Networks and will in fact be promoting fights in 2009 after reorganizing.

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