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Video: Former EliteXC Live Events President Gary Shaw Calls ProElite 2.0 ‘a Joke’

(Video courtesy of TheFightNerd)

Our friends over at The Fight Nerd caught up with Gary Shaw recently and they asked the former EliteXC live events president what he thought about the latest incarnation of ProElite. Not surprisingly, Shaw didn’t hold back when describing the promotion’s chances in the current MMA landscape dominated by the UFC.

“I think it’s laughable. The people running it are ┬ájokes. It’s not real and the only game in town is the UFC. I wouldn’t have been [interested in being involved with ProElite again]. All of my time is with boxing. Like I said, the only game in town is the UFC. You can’t beat them any longer. They are too entrenched,” Shaw explained. “They bought the next best thing, which was Strikeforce. Fedor’ s gone from the scene. So, right now it’s only the UFC. They’re miles ahead of everyone right now. It’s like us coming up with some fast food franchise and beating McDonald’s and Burger King. It’s not gonna happen.”

Needless to say, Shaw isn’t a fan of new ProElite president T.Jay Thompson, who became a five-year executive consultant with the company after it purchased his Icon Sport promotion back in 2007 for $350,000 U.S. and “hundreds of thousands” of PELE shares, and for good reason. Thompson, whose role in the promotion was downgraded after Shaw stepped down from the organization, has openly criticized both Shaw and his son Jared for mismanaging EliteXC and was the individual who first made mention of Shaw paying Seth Petruzelli to not take Kimbo Slice down. The accusations led to an investigation by the Florida Athletic Commission and some say prompted CBS to sever ties with the struggling organization.

Now Thompson is denying our report that ProElite is close to signing a deal with CBS and Showtime, which comes as no surprise considering that with the amount of shares he owns, he wouldn’t be able to admit it even if the deal was close as he could be accused of insider trading.



Cagepotato Comments

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RaginAsian- August 11, 2011 at 11:10 am
I read this and all I see is a guy who once thought he was going to beat the UFC. Lulz.
Sloppyspray- August 11, 2011 at 6:33 am
@Me likey and @ NinJay - LOL I tried to do the same thing. Except I found out that its traded over the counter which means that you can't just go to E*trade or whatever broker you use to buy shares in them. You have to find someone who is personally selling them. (I believe that's how OTC stocks are traded)
NinJay- August 11, 2011 at 6:28 am
@ Me Likey

I too want to buy some stock. I created an etrade account just to do so. When I went to buy it came up with an error. When I Googled the error it basically told me "you're too stupid to buy stocks, this is for your own protection".

So I gave up lol.
Me likey- August 11, 2011 at 4:34 am
i am considering buying a little pele stock. it is around 48 cents a share. it was down to .0075 cents a share at one time and up to around 15$ a share at one point. if they get a deal with viacom done and stock continues to rise even a little it is a great return on an investment. i wouldn't try it for long term though.
The_Dead_Cow- August 10, 2011 at 10:22 pm
I like Burger King.
XENOPHON- August 10, 2011 at 7:56 pm
Gary Shaw has was worthless to MMA, he is a boxing guy I'll leave it at that.

Yet it should be noted that its guys like him that who acted like they were rolling pimp promoters within the MMA fight game when they knew nothing.

I know nothing of T.Jay Johnson, so no comment. I would say that from SF, Bellator, or others...there has to be some management talent available.
FightZen- August 10, 2011 at 7:19 pm
Turdberg is an amazing color man. You hear him call a match sometime.
NinjaVanish- August 10, 2011 at 7:10 pm
One of Mike Goldberg's turds has more credability in MMA discussion than Gary Shaw ever did.
Fried Taco- August 10, 2011 at 6:32 pm
And ever heard of a place called Starbucks?
CungwantsCookies- August 10, 2011 at 6:18 pm
bad news gary, subway has more stores than mickie d's or BK now. entrepeneurship FTW.