26 Oct 2008 13:31:54 PM
(Don’t expect to see these two fight for a looooooong time.)
— Golden Boy no longer plans to hold hybrid boxing/MMA cards with Affliction. As Golden Boy CEO Richard Schaefer explained the change-of-heart to ESPN.com, “We want to get to know the MMA market better and truly evaluate if there are synergies between the two sports. We are planning to do some focus groups where we will ask boxing and MMA fans how they would feel about it. Once we get the results of that, then we’ll be in a much better position to decide which strategy to apply.” Affliction’s MMA-only fight card on January 24th will still be co-promoted by Golden Boy.
— Though EliteXC’s fighters are currently in legal limbo because their contracts may be considered company assets in bankruptcy court, the regional promotions that Pro Elite swallowed up over the last two years could be immediately free to operate again. As Dave Meltzer reports:
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Most deals [with Pro Elite] included putting the former owners under contract as executive consultants (and then not listening to them), giving them some cash as well as company stock, at the time worth millions and now worth almost nothing. The deals were structured as such that if Pro Elite went bankrupt, all could go back to promoting using the names they developed. King of the Cage, which was the only group profitable underneath the Pro Elite banner, is expected to continue running events as soon as possible. Cage Rage, a U.K. based group whose losses were so staggering they greatly sped up the demise of Pro Elite, is likely not to last much longer.