(Xyience’s public flameout continues.)

UnlimitedFightNews is without a doubt the ugliest website on the Internet, and we don’t actually recommend clicking on that link, as it will likely cause your computer to crash under the weight of the dozens of clashing ads and pimped-out-MySpace-page-esque design. Nevertheless, the man behind it, Rich Bergeron, is a sharp journalist who has been uncovering the FightOpinion reports that there will be a hearing in Las Vegas tomorrow to determine the validity of the suit. If that hearing doesn’t go Xyience’s way, there will be a hearing next week on Bergeron’s motion to dismiss the lawsuit altogether; like a fool, Bergeron is representing himself.

So, that’s the backstory. What we wanted to share with you is the video that Bergeron posted to YouTube yesterday, which adds a new element to the Xyience bankruptcy scandal. Like Bergeron’s website, the video is a batshit-crazy eyesore, and you might have a seizure before you get halfway through it, so we’ll summarize: In order to secure a $325 million loan, the UFC needed to prove a certain amount of annual revenue from sponsors. So, they passed Xyience a bunch of money through questionable means, and Xyience passed it back to show that the UFC was taking in sponsorship revenue; without this arrangement, the UFC wouldn’t have gotten the loan. And now the video…

So, that theory may explain why Zuffa has continued to support Xyience even though it wouldn’t seem to be in their best interest financially. We previously suggested that personal loyalty could have been the explanation, which sounds pretty stupid in retrospect. If you have a few hours to kill, you can read all of Bergeron’s Xyience reports here.

Though Zuffa could eventually be defendants in a fraud case, they’ll first be plaintiffs in one. According to Sherdog, Pride FC Worldwide Holdings — a company created after the sale of Pride to Frank and Lorenzo Fertitta — has filed a lawsuit against Dream Stage Entertainment and its president Nobuyuki Sakakibara, claiming the defrauding of millions of dollars from the sale of Pride FC and Pride Bushido. It’s possible that Pride’s former association with gangsters made full disclosure of their finances tricky at best. Sakakibara is reportedly preparing his own suit against the Fertittas for breach of contract due to Zuffa’s decision to shut Pride down after the sale was complete. We’ll continue to update you on these ongoing legal clusterfucks as they develop…