CHESSNOID

OK, maybe UFC didn’t really knock out Elite XC but I bet that is the way they will spin it.  Elite XC is just another victim of the economy.  The recession is putting companies out of business even faster.  I heard Mervyn’s is closing all its stores.  Rumor has it Circuit City is going out too.  I never actually shopped at those stores, but we have a lot of them in California and it is going to be eerie to see big empty stores.  I doubt there will be new tenants anytime soon.

According to MMAweekly:

ProElite, Inc., parent company of Elite Xtreme Combat, is throwing in the towel on mixed martial arts.

Several sources MMAWeekly.com spoke to said notifications had been sent out on Monday informing managers that the company was ceasing its fight promotion operations by the end of this week and it had begun the process of letting its employees go. One source even said that ProElite had already begun clearing out its corporate offices.

EliteXC’s remaining show scheduled for Nov. 8 in Reno, Nevada has been canceled. The card was due to be broadcast on Showtime networks, EliteXC’s original broadcast partner since the company’s formation in November of 2006

I hope HDNET and Affliction survive and start doing better. Otherwise, MMA will no longer be free for very long. UFC can become a mighty monopoly again and who knows, we could be looking at $99.95 PPVs.