Cage Rage Owners in Flux, Look to Reclaim Brand
December 12, 2008
With the fall of ProElite and subsequent moves by several parties to bid for the remains of the company, one piece of the puzzle is looking to take back his fight promtion. Cage Rage chief Andy Geer is intimating in an interview with MMAWeekly that he may take legal action to reclaim his brand, on the premise that he was never fully paid for the purchase of the british fighting organization:
Geer explains the situation, “To all intents and purposes, ProElite had entered into an agreement to purchase Cage Rage. A deal was struck with a deposit accepted. Then they had a cut-off date to make a balloon payment; they never completed the purchase.”
Geer’s former partner looks to be moving on as he has started up a new Brit MMA promotion, Ultimate Challenge. Geer’s claims make an already murky situation that much cloudier. If someone does take over where Proelite left off, shedding the international assets like the Cage Rage and Spirit deals may be best anyway, allowing whoever takes over to concentrate on a core US business and not other far flung elements.
