EliteXC Fighters Still Screwed

Dave's new column over at Yahoo Sports is must-read.  He confirms that the Strikeforce-Pro Elite deal is basically dead, and that the fighters are being shut out and left in the dark:

“Every day the story is different; nothing ever comes to fruition,” said Walker, who specifically mentioned UFC and Strikeforce as possibilities for Carano.

Walker also questioned whether fighter contracts would even be assignable in a sale. Originally, Elite XC was going to auction off the contracts individually as a way of raising some money for the companies it owed money to, but agents representing 60 of the 80 fighters worked together in getting the auction canceled.

This gives me the impression nothing has been filed yet, but my guess is we will be hearing about lawsuits very soon.  I believe Walker is with CAA, and I don't think he is going to buy into this line of crap from Pro Elite anymore.

The reason the deals keep falling apart last minute is all the dirty details don't come out until the end of the deal when companies have to make representations to each other and disclose all financial obligations.  What company is going to take on that kind of debt in exchange for a losing investment?  It makes no sense.

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