After all the rumors and speculation about the status of ProElite's promotional licenses, MMAPayout.com's Robert Joyner clears the clouds. Joyner contacted Armando Garcia, the executive officer of the California State Athletic Commission, about the flailing organization's promoter's license. And here's what Garcia had to say:
Pro Elite/Elite XC's and King of the Cage's licenses are suspended. They were suspended yesterday, when after looking into the matter carefully the exact situation was determined. However, it is not due to any type of contracts.
Garcia went on to note that ProElite's contracts with its fighters - or the contracts most people have been buzzing about - are "not under the jurisdiction of the Commission" and "the Commission does not know anything about" the contracts. If fighters want to have these agreements declared void, they will most likely have to take the organization to court.
Now, back to the suspended license:
The primary reason that Pro Elite/Elite XC's and King of the Cage's licenses have been placed on suspension is because of their financial states and the fact that Pro Elite, the owner of King of the Cage, has suspended operations and their tangible and intangible assets are being auctioned on November 17.
- ProElite Promoter's License Suspended (MMAPayout.com)