Gary Shaw: Being Ousted From ProElite?
by Tha Realness on Jun 24, 2008 3:53 PM EDT
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PrintAdam Swift of MMAPayout has the scoop...
Speculation within the MMA industry suggests that Gary Shaw's days at ProElite may be numbered. Rumors suggest that Shaw may be out by the end of the summer, possibly soon after the July 26 CBS event. Multiple sources have told MMAPayout.com that the expected move is another example of CBS's growing influence on the company. Santa Monica Capital Partners, the largest shareholder in the company, is also believed to have taken a more active role in the company of late.
Under terms of its deal with ProElite, CBS is entitled to purchase 500,000 shares of stock in the company each time it broadcasts a show on CBS. Based on those options and warrrants already exercised in conjunction with the CBS and Showtime deals, CBS Corporation is believed to be the second largest shareholder in the company.
Earlier this year, Doug DeLuca was "promoted" from CEO to Chairman of the Board in favor of Charles Champion. That move was reportedly also at the behest of CBS and Santa Monica Partners. CBS also fast tracked EliteXC's return to network television to July (as opposed to the October date preferred by ProElite) after reportedly selling out its commercial inventory for the 5/31 show.
Update from Mike: I wonder why Dana didn't want this deal? Decisions are now being made about the future of a major MMA company by people that are largely disconnected from the MMA business. I think this show coming up in July is the best example: The entertainment people at CBS were so thrilled with the rating that they booked another for the sake of "momentum," without understanding that the rating wasn't a reflection of the popularity of MMA, but rather a reflection of the interest in Gina Carano and Kimbo Slice. The deal obviously made sense for the new financial partners that are keeping CBS alive, because the company was on death's door, but it was hardly the coup Shaw and others made it out to be when they signed it.
The FanPosts are solely the subjective opinions of Bloody Elbow readers and do not necessarily reflect the views of Bloody Elbow editors or staff.
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It looks like Gary Shaw is whispering something in Gina Carano’s ear while he cups her side boob. All the while, she is trying to escape.
omg
I probably shoulda looked at that clip a few seconds more… I thought it was Noons.
Sometimes I amaze even myself…
I don’t think there’s any excessive groping on Shaw’s part but Gina clearly wants nothing to do with him. Hilarious that she then goes over and hi-fives SKALA.
by Chris Nelson on Jun 24, 2008 5:57 PM EDT up reply actions
Geez...
learn to spell…
It’s $kala
Contributing Editor - BloodyElbow.com - SBNation's mixed martial arts headquarters.
"The reason a lot of people do not recognize opportunity is because it usually goes around wearing overalls and looking like hard work." -- Thomas Edison
by Brent Brookhouse on Jun 24, 2008 8:45 PM EDT up reply actions
:/
Guess I’m not getting a watch for Christmas this year
by Chris Nelson on Jun 24, 2008 11:26 PM EDT up reply actions
Well I hope Shaw is ousted because while I really like the EliteXC product any visage of him in the cage makes me angry. He’s a throwback to (in my opinion) with what went wrong with Boxing and I hate any notion of him (or his kid) controlling MMA.
The stories of his kid screaming at the ref to stand Kimbo/Thompson up made me really pissed off and reminded me that EXC can be tainted until they’re given the boot.
It wasn’t posted by one of Bloody Elbow’s writers/editors. It was posted by a member.
by Richard Wade on Jun 24, 2008 8:48 PM EDT up reply actions
Actually it was edited….I posted the info…the left the article with an open ended question that was no longer there was it was updated by Mike. I simply wanted to hear some opinions from members before I posted anything in regards to the rumor.
by Tha Realness on Jun 24, 2008 10:19 PM EDT up reply actions
What I meant was that Bloody Elbow wasn’t trying to pass it off as their content, that it was posted by you and responded to by them.
by Richard Wade on Jun 24, 2008 11:27 PM EDT up reply actions
I wouldn’t mind seeing Gary Shaw out, but CBS will probably finish killing off what’s left of EXC. TV executives do it all the time. They take something they’ve hard some success with and run it into the ground. EXC doesn’t need to be doing a show in July. The organization doesn’t more have big names ready to make a quick turnaround. It seems that NBC did the same thing with American Gladiators. Last time I checked, its ratings were way down from the first season. Maybe it wouldn’t have made a difference if they had waited a few months, but I think they burned some viewers out. The second effort needs to be strong just to maintain the fickle interest of the public.
So, basically, this was a terrible deal Pro Elite signed because they were a company bleeding money and desperate to get any type of exposure for their product. I guess this is what Dana White meant when he said he was not going to sign any deal that did not make sensed for the UFC.
by The Bronzeville Bully on Jun 24, 2008 9:08 PM EDT reply actions
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