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ProElite Inc will not go down without a fight, at least in regards to Showtime Networks Inc. plans to host a public auction on November 17. The auction is set to pay back the 6.3 million owed to Showtime(at least some of what is owed) by turning the EliteXC video library and fighter contracts into liquid cash. ProElite, however, is looking to stop this auction. Here's what the Media Daily News had to say about the situation: “With ... Read More

Showtime Networks Inc. will be auctioning off the remaining assets of ProElite, the parent company for MMA promotion EliteXC, in an attempt to retrieve some of the money owed to them. EliteXC has accrued nearly $60 million in debt, and so Showtime is offering it's tape library and fighter contracts, as per the public notice below: Notice is hereby given that the Collateral (as defined below) will be sold by Showtime Networks Inc. (“Showtime”) at a public sale on November ... Read More