Comments on: Pro Elite attempts to stop CBS and Showtime public auction http://mmamania.com/2008/11/07/pro-elite-attempts-to-stop-cbs-and-showtime-public-auction/ UFC news, event schedules, fight analysis, Octagon predictions, UFC fighters and MMA thoughts Sun, 08 Nov 2009 23:08:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Dana http://mmamania.com/2008/11/07/pro-elite-attempts-to-stop-cbs-and-showtime-public-auction/comment-page-1/#comment-1005360 Dana Sun, 09 Nov 2008 21:14:13 +0000 http://mmamania.com/?p=9486#comment-1005360 Agreed! njfrogman.blogspot.com/2008/11/why-did-kimbo-slice-go-down.html Agreed!

njfrogman.blogspot.com/2008/11/why-did-kimbo-slice-go-down.html

]]> By: Dana http://mmamania.com/2008/11/07/pro-elite-attempts-to-stop-cbs-and-showtime-public-auction/comment-page-1/#comment-1005358 Dana Sun, 09 Nov 2008 21:13:22 +0000 http://mmamania.com/?p=9486#comment-1005358 Go away! Kimbo Diving? This is so plausible even Mythbusters would agree. Go away! Kimbo Diving? This is so plausible even Mythbusters would agree.

]]> By: Jeff http://mmamania.com/2008/11/07/pro-elite-attempts-to-stop-cbs-and-showtime-public-auction/comment-page-1/#comment-1004767 Jeff Sun, 09 Nov 2008 12:31:24 +0000 http://mmamania.com/?p=9486#comment-1004767 Thanks, guys. Thanks, guys.

]]> By: kevin http://mmamania.com/2008/11/07/pro-elite-attempts-to-stop-cbs-and-showtime-public-auction/comment-page-1/#comment-1002384 kevin Sat, 08 Nov 2008 19:38:07 +0000 http://mmamania.com/?p=9486#comment-1002384 yeah, I agree, from a legal standpoint, jeff is the #1 mmamaniac! yeah, I agree, from a legal standpoint, jeff is the #1 mmamaniac!

]]> By: john http://mmamania.com/2008/11/07/pro-elite-attempts-to-stop-cbs-and-showtime-public-auction/comment-page-1/#comment-1002130 john Sat, 08 Nov 2008 17:40:25 +0000 http://mmamania.com/?p=9486#comment-1002130 Jeff: I always appreciate your legal analysis. THanks buddy! Jeff: I always appreciate your legal analysis. THanks buddy!

]]> By: RedDog http://mmamania.com/2008/11/07/pro-elite-attempts-to-stop-cbs-and-showtime-public-auction/comment-page-1/#comment-1000914 RedDog Sat, 08 Nov 2008 09:09:05 +0000 http://mmamania.com/?p=9486#comment-1000914 BORING!!!!! BORING!!!!!

]]> By: Jeff http://mmamania.com/2008/11/07/pro-elite-attempts-to-stop-cbs-and-showtime-public-auction/comment-page-1/#comment-1000029 Jeff Sat, 08 Nov 2008 03:00:34 +0000 http://mmamania.com/?p=9486#comment-1000029 Actually, a bit more complicated. Showtime had financing agreements with Elite. paart of the agreement was that Elite would maintain a set amount of cash on hand or liquidity. Showtime saw that Elite was going to dro p below the agreed amount (I believe that it was set at $500,000.00). Showtime warned Elite that they were mainting and using too many people to staff their fights. Mind you not fighters, but behind the curtain people. Elite ignored Showtimes warnings and dropped below the agreed upon amount of liquidity. This in turn sent Elite's loans from Showtime into default. Coming from Elite, this move is not all that much of a suprise. Here in lies the problem, Elite wants to take legal action against Showtime and ABC? He with the most money usually has the best attorney. Good luck Elite, but the attorneys for Showtime and ABC are not one's to be messed with. This move is not very good. ABC and Showtime with file a counter claim against Elite and tack on attorney fees etc. In effect this lawsuite can and will cost Elite in the millions. Actually, a bit more complicated. Showtime had financing agreements with Elite. paart of the agreement was that Elite would maintain a set amount of cash on hand or liquidity. Showtime saw that Elite was going to dro p below the agreed amount (I believe that it was set at $500,000.00). Showtime warned Elite that they were mainting and using too many people to staff their fights. Mind you not fighters, but behind the curtain people. Elite ignored Showtimes warnings and dropped below the agreed upon amount of liquidity. This in turn sent Elite’s loans from Showtime into default.

Coming from Elite, this move is not all that much of a suprise. Here in lies the problem, Elite wants to take legal action against Showtime and ABC? He with the most money usually has the best attorney. Good luck Elite, but the attorneys for Showtime and ABC are not one’s to be messed with. This move is not very good. ABC and Showtime with file a counter claim against Elite and tack on attorney fees etc. In effect this lawsuite can and will cost Elite in the millions.

]]> By: enzo-enormous http://mmamania.com/2008/11/07/pro-elite-attempts-to-stop-cbs-and-showtime-public-auction/comment-page-1/#comment-999410 enzo-enormous Fri, 07 Nov 2008 23:06:43 +0000 http://mmamania.com/?p=9486#comment-999410 Who gives a shit about this company. I hope they dont get a dime. The put a damper on the image of mma. Be gone with ya! Who gives a shit about this company. I hope they dont get a dime. The put a damper on the image of mma. Be gone with ya!

]]> By: 1-0 via Arm Triangle http://mmamania.com/2008/11/07/pro-elite-attempts-to-stop-cbs-and-showtime-public-auction/comment-page-1/#comment-999238 1-0 via Arm Triangle Fri, 07 Nov 2008 22:18:22 +0000 http://mmamania.com/?p=9486#comment-999238 Why wont Elite XC just GO AWAY?!?!?! Why wont Elite XC just GO AWAY?!?!?!

]]> By: Joseph http://mmamania.com/2008/11/07/pro-elite-attempts-to-stop-cbs-and-showtime-public-auction/comment-page-1/#comment-999231 Joseph Fri, 07 Nov 2008 22:16:40 +0000 http://mmamania.com/?p=9486#comment-999231 That had nothing to do with it. It was because Showtime was lending EliteXC money to keep the shows going, and when it came time to collect, Pro Elite didn't have it. Has nothing to do with the TV Deal. That had nothing to do with it.

It was because Showtime was lending EliteXC money to keep the shows going, and when it came time to collect, Pro Elite didn’t have it. Has nothing to do with the TV Deal.

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