Elite XC down for the count

Elite XC, which produced seven of the 10 most-watched MMA matches in U.S. history on two CBS specials in recent months, will be closing its doors at the end of the week, leaving a roster of fighters, including top-draws Kimbo Slice and Gina Carano, looking for work in a constricted environment.

Elite XC joins the International Fight League and Bodog Fight as high-profile competitors to the industry leader, the Ultimate Fighting Championship, to fold during the past year.

With deals with CBS and Showtime, the latter a major shareholder, Elite XC had the exposure the other failed challengers lacked, but lost more than $55 million in its two years of operation. Its losses included having a bad television deal in the first year with Showtime, causing them to lose money on every show; losing millions on trying, and failing, to build a website that was designed to be a destination for the MMA community; and purchasing four promotions outright and putting money into a fifth...

Thats alright, I think Kimbo should go back to street fighting seriously anyways. Lion Heart has been one of my favorite movies as long as i can remember. Kimbo was the black Jean Claude Van Damm when he was knockin dudes out on cars. Haha. Go back to your roots homie.

Via: www.yahoo.com