Nov
It’s like Titanic, minus Leonardo DiCaprio’s horrible acting and that shitty Celine Dion song. Okay, So it is nothing like Titanic but ProElite’s ship is going down quick, real quick.
Despite previous reports of bankruptcy, ProElite had been claiming that they were not going under but were instead simply “downsizing” in hopes of coming back strong in 2009, in which they hoped to resume promoting fights. It turns out that was just another smoke screen and ProElite is now up for auction. This news comes as a surprise to very few as we learned late on the 4th that ProElite and all of their assets are to be auctioned off by their parent companies of Showtime and CBS corporation. To top it off, the Captains of the vessel, Gary Shaw and Doug Deluca jumped ship today as they tended their resignations from ProElite (although they both have plans to stay around as consultants). So that leaves ProElite with a handful of fighter contracts and a mark of shame, which means their only choice was to put the company up for auction. I just don’t know why they didn’t put it on Ebay.

Tags: Auction, Doug Deluca, Gary Shaw, ProElite












