Pro Elite Close To Finalizing A Deal
FiveOuncesOfPain.com has learned through multiple sources - all speaking on the condition of anonymity - that ProElite’s current management team is hard at work towards completing the sale of the company. Indications are that ProElite believes it could have an agreement in place prior to the Christmas holiday.
According to sources, as many as three groups are believed to be vying for ProElite. Only the identity of one of the groups is certain, with multiple sources stating that a group led by King of the Cage promoter Terry Trebilcock has made a bid.
However, Trebilcock’s group is not considered the leading contender at this date. Sources will only go so far as to describe the top contender as a company with over a billion dollars in annual gross revenue that also is a recognizable name.
The story goes on to state that CBS & Showtime are open to working with a new buyer and have expressed a sincere interest in televising MMA in 2009. I for one have no problem with EliteXC continuing as long as the new ownership is sincere and will promote the right fighters rather than a side show circus. A lot of the fighters under contract to ProElite would remain under their banner and they would not be granted free agency.
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This is like one of those
This is like one of those blind items you see in celebrity rags. I'm guessing that Zuffa is the billion dollar, recognizable name that's interested in Pro Elite. Why not? Just eliminate the competition by buying them (along with all their fighters and TV deal, etc...)
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