
(You didn’t buy that plane ticket for Japan yet, did you?)
Five Ounces of Pain reports that Pro Elite could be very close to a sale of the company that might potentially revive MMA on CBS and Showtime, while at the same time putting the kibosh on the free agency plans of EliteXC fighters. Apparently it’s down to three potential buyers, one of which is being led by King of the Cage promoter Terry Trebilcock (guess that Booyaa Fightwear ban makes a little more sense now, eh?), though the identities of the other suitors are still a mystery.
The most likely buyer at this point is described only as “a company with over a billion dollars in annual gross revenue that also is a recognizable name.”
Just shooting in the dark here, but I’m going to say it’s Starbucks. I heard they want to release a new specialty drink, the Kimboccino Latte. It costs half a million dollars, but man does it ever go down easy. (Zing!)
Pro Elite is reportedly hoping to make the sale before Christmas, and if they do there’s a strong possibility that a new owner could round everyone up and successfully resurrect the relationship with CBS to get events on network TV again in 2009. What does that mean for a fighter like Jake Shields, who seemed all but certain that he was bound for the UFC?
It means that just when you think you’re out, they pull you back in.








Post your comment
Showing 1-25 of comments
comments#2: Zuffa buying EliteXC would almost guarantee them a network spot due to the current relationship with CBS. UFC wants a network spot... coincidence? maybe... maybe not.
#3: All Elite needs is a rebranding. Kimbo can stay as long as his pay drops and he fights guys more at his level of skill (in the undercard or low card area). Promote the guys with real fighting skill and you won't need a fabricated superstar like WWE has, btw Kimbo may want to consider becoming a prowrestler. One good fighter with the right tools (charisma, attitude, crowd appeal) can turn the company in the right direction.
#4: Say Zuffa does buy- then they might move some fighters around, bring some to UFC, some to WEC. In contrast this would be very similar to WWE, who bought out WCW and ECW back in the day.
#5. Poop.
It's not a billion dollar company it's a company with a billion in revenue and a billion in gross isn't as big of a company as some people seem to think. Heck a billion in revenue doesn't tell us anything at all about what this mystery company's actual net profits are or how much capital they have on hand. GM's revenue for 2007 was $200 billion dollars and they are on the verge of massive bankruptcy, don't read too much into that 1 billion number. Station Casino's had over a billion in revenue in 2004 but the Fertitta's still almost sold the UFC before TUF became a hit.
"but also has many other factors on it's side opposed to the UFC 8 years ago.Such as Cable and Network TV and a roster of fighters under contract who are starving for a fresh start."
Well as has already been seen in MMA a cable and/or network deal doesn't pay the bills PPV does. Even with all those fighters(many of whom have already signed elsewhere and who's managers say their contracts won't transfer to a new owner as what happened when Zuffa bought Pride)they are a long way from a PPV ready product. Lets not forget how the CBS show without Kimbo did.
Zuffa didn't have to deal with a lack of PPV headlining talent and they didn't have to deal with hardly any market competition at all(Pride was in the Japanese market not the US). Heck the UFC had plenty of time to brand the whole sport over the years and to create their own stars. Zuffa also didn't have to deal with the much higher cost of being a MMA promotion currently, the UFC went through $44 million in 4 years($10million of that for the first season of TUF), ProElite went through $50 million in a year and a half. Event and fighter cost weren't near what they are today and the economy was much healthier too. The two situations are just completely different.
Has we had a report that stated that ProElite's current or past executives will have absolutely nothing to do with it after the purchase? We have no idea who is bidding or what their plans are yet, don't assume the Shaws won't be involved until that is confirmed. For all we know Vince McMahon could be one of the bidders and he's planning to WWE it up with EliteXC. Heck what may be best is that Trebilcock gets it not he mystery company, at least we know he knows MMA.
This is different than it was with the UFC because the UFC is where it is today, the money in MMA is made off PPV and Zuffa is currently doing all it can to saturate that market and starve it's competition. A promotion now not only has to survive and grow it has to fight off everything Zuffa will throw at them too.
Anonymous(if that is your real name), I am just being realistic, for some reason there are quite a few MMA "fans" who like to grasp on to anything not Zuffa like it is the second coming. The reality of this situation is that it is going to take losing a lot of money for a significant period of time to save a dead company when it would be much smarter and easier to just start a new company and do it right the first time. Anyone buying ProElite is buying a box full of debt and problems and all they are going to get in exchange is the contracts of fighters who are trying hard to get free(and in many cases already signed somewhere else) a couple of tv deals that they may of been able to get anyway and a used cage. I'm all for competition but that doesn't change the reality of this situation.
j/j...would be truly poetic if that happened tho....
First off every company would be worried about 50 million in debt, at least the sucessful ones. Second a billion in gross isn't as impressive as people might think. As an example, CBS corp(parent company of CBS) had a annual gross revenue of 14 billion in 2007, their total net income was 1.2 billion. Tossing out a gross revenue number is irrelevant if you don't also know the net income.
The fighters have been getting jerked around and left out in the cold, they have been signing to fight other places and Scott Smith recently made significantly more fighting for Strikeforce than he did from ProElite. It's not a good start with talent relations for anyone new taking over. As far as the tv contracts go it's not like they were enough for ProElite to make money, someone is going to have to be willing to dump a lot more money into this to try and salvage anything from it. This isn't the same as Zuffa buying the UFC this is trying to revive a tainted failed company and compete in a already crowded market during a severe economic downturn.
If Kimbo and Tim Sylvia are the main event of the next CBS card and Tim shits his pants again who will smelll worse?
Think about it guys the possibilities are endless.
It's a network tv deal that pays you no money.
Your roster includes:
- the star attraction that has been outed as a "farce".
- a heavyweight champion that isn't allowed to fight for a year.
- a lightweight champ that flew the coop.
- numerous non exclusive fighters that are already locked into other fights and ventures including the most exciting fighter(Alvarez).
Plus, the big one, your Brand Name is shot. It's has the stigma of going out of business.
I believe with the CBS tv deal, the "Saturday Night Fights" label is more of a grab than EliteXC was for casual fans. If there is some rich company that wants to get into the fight game, I'm sure they could get that tv deal without the pro elite/elitexc namesake. Plus, they could pick up most of the fighters as free agents, and maybe even save some money.
Sign in
Register | Lost your password?
Register For This Site
A password will be e-mailed to you.
Log in | Lost your password?