Yesterday, MMA Payout noticed something important in the SEC report by EliteXC CBS/Showtime had declared ProElite in violation of the terms of their $6.3million loan. This creates a possibility that CBS/Showtime will seize all the assets of the company, including the fighter contracts.There's no evidence that the suits at CBS can run an MMA organization but maybe they'd let someone competent from within the EliteXC ranks rise up and run the show. Source: Bloody Elbow
Interesting... They've got to tone down their broadcasting and not pander to the beginner MMA fans or that crap on CBS will never be worth watching to the serious fan.