Sale of ProElite assets expected this month

Originally posted on MMAjunkie.com

The future of ProElite should be decided by the end of December.

While the struggling promotion has not commented publicly beyond its government filings since shuttering fight operations at the end of October, recent industry speculation suggests that ProElite's assets could be purchased within the next few weeks.

During a recent appearance on TAGG Radio (www.taggradio.com), the official radio partner of MMAjunkie.com (www.mmajunkie.com), agent Ken Pavia said he's learned that there are "three legitimate bids for ProElite," and that the next iteration of the promotion would begin staging fights in the first quarter of 2009. Those bouts would be made with many of the 80 fighters still under ProElite contracts.

King of the Cage founder Terry Trebilcock is one of the names that has surfaced as a potential buyer, with backing from venture capitalists. Trebilcock has the business pedigree from his success with KOTC to convince VCs with deep pockets that a repackaged ProElite would work.

Regardless of what transpires with ProElite, MMA is still very much in the programming plans of both ProElite television partners, CBS and Showtime.

"Showtime and CBS have grandiose visions of what's going to happen in '09 in terms of the number of fights, number of events, and they've been looking for an established organization," said Pavia.

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