Update: Nov. 8 EliteXC Cancels; Pro Elite Folds
EliteXC “Night of Champions,” scheduled for Nov. 8 at the Reno
Events Center in Reno, Nev., has been cancelled as the promotion
heads into its final days of business, Sherdog.com has learned from
Villasenor, who was slated to challenge Robbie
Lawler for the EliteXC middleweight crown in Reno, was informed
of the show's cancellation Monday evening.
T. Jay Thompson, a Pro Elite executive, said he'd been informed
Monday morning by the company that it was closing its doors for
good this week and that bankruptcy paperwork had already been
filed. Thompson's Hawaii-based Icon Sport promotion was purchased
by EliteXC's parent company, Pro Elite, in 2007.
As of Monday afternoon, Nevada State Athletic Commission Executive
Director Keith Kizer said he had not received word that the event
had been cancelled.
A notice posted Monday evening at graciefighter.com read, “We are
confirming that EliteXC has folded. What this means for our fans
and supporters is that there will not be a Nick Diaz vs.
Alvarez fight on November 8th.”
Graciefighter.com is operated by representatives of Diaz’s camp,
who was slated to face Alvarez for the vacant EliteXC 160-pound
Representatives from Pro Elite did not return calls Monday.
Pro Elite, which has accrued $55 million deficit during its two
years of operation, had been in need of a helping hand in recent
On Sept. 17, Showtime Networks filed public notice with the U.S.
Securities and Exchange Commission announcing its intention to
enter preliminary negotiations for the purchase of the fledgling
Showtime, a subsidiary of the parent conglomerate CBS Corporation,
already has broadcasting deals with the Los Angeles-based company
on both its premium cable channel and CBS. Showtime also has a 20
percent ownership stake in Pro Elite.
Discussions of Pro Elite’s purchase were said to have gone well and
a deal looked imminent as of two weeks ago when EliteXC held its
third installment of “Saturday Night Fights” on CBS. The Oct. 4
event, which was funded entirely by Showtime, drew 4.56 million
viewers and almost matched their initial May offering on the
But negative press surrounding questionable conduct before the main
event between Seth
Petruzelli and Kevin "Kimbo
Slice" Ferguson have overshadowed the ratings success.
Petruzelli, who stepped into the headlining bout on an hour's
notice and beat Slice in 14 seconds with a short right jab,
intimated afterward on a Monday morning talk show that promoters
had given him added monetary incentive to stand with the less
Pro Elite officials later denied any wrongdoing, calling the
pre-fight locker room discussion a "knockout bonus" offer, but
public outcry led the Florida State Boxing Commission to open an
investigation on the matter.
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