Entertainment and media company ProElite, as well as its mixed martial arts promotional brand EliteXC, are out of business, Sports Illustrated reports. Despite forming a partnership with Showtime and parent company CBS, which brought EliteXC events to a prime-time network viewing audience, the company was forced out of business when preliminary negotiations for the cable network to purchase a controlling interest in ProElite fell through. The next bout scheduled for Nov. 8 on Showtime will not take place, according to one of the fighter’s managers.
—Christopher Perez