King Of The Cage Press Release Regarding Situation With Pro-Elite.

With the demise of Pro-Elite, and the possible soon to be demise of parent company Pro-Elite, many smaller shows are also in jepardy, including KOTC which is owned by Pro Elite. KOTC(King of the Cage) recently released this statement to the press:

King of the Cage, Inc. (“KOTC”) is fully aware of the reports surrounding the financial difficulties of ProElite, Inc. (“PE”) and the reports that PE has filed or may soon file a bankruptcy case. KOTC is currently reviewing and investigating the situation and has determined that no bankruptcy case has yet been filed by PE . Although KOTC is a wholly owned subsidiary of PE, it has maintained its own independent operational structure since its acquisition by PE. While there may be some short term impact on KOTC’s operations, KOTC intends to fulfill all of its existing obligations and to conduct all of its scheduled events. KOTC further intends to resume normal business operations as quickly as possible and to continue to grow its brand as it has for the past 10 years.

ProElite has issues with both CBS and Showtime as the two are coming after ProElite for money. The MMA News will keep you up to date on this story. With the demise of Pro-Elite, and the possible soon to be demise of parent company Pro-Elite, many smaller shows are also in jepardy, including KOTC which is owned by Pro Elite. KOTC(King of the Cage) recently released this statement to the press: King of the Cage, Inc. (“KOTC”) is fully aware of the reports surrounding [...]

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