EliteXC Looking to Retain Contractual Rights for Now
November 3, 2008
MMAWeekly is reporting that EliteXC is looking to retain its contractual rights over fighters even though the company looks to be at death’s door with the recent decision by CBS to not purchase the struggling promotion. Notices to this effect were sent out late last week:
MMAWeekly.com on Sunday learned that ProElite, Inc., parent company of Elite XC, has notified several fighter managers the company still intends to promote mixed martial arts events.
“Elite XC and ProElite are currently downsizing its staff in an effort to improve its business moving forward,” the notice states. “As this process is implemented, Elite XC cancelled the event previously scheduled for Nov. 8 in attempt to re-schedule another event in early 2009.”
The announcement is similar in tone to the ones made by the IFL during it’s period of suspended animation. The statement comes off more as lip service meant to buy time than any concrete plan for the future. Regardless, contractual obligations by EliteXC to is fighters will need to be met with in the near term in order for the promotion to claim any tenuous grasp over their fighters. It should be interesting to see if that is possible and where the funding would come from.
