16 Months Ago, ben from Cage Potato says (in ProElite Loses Promoter’s License, Plans to Fight Asset Auction) 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 auction...

And John Chandler from MMA on Tap says (in Showtime Puts ProElite Up for Public Sale) According to paperwork filed with the Securities and Exchange Commission this afternoon, Showtime Network intends to sell the remaining assets under the ProElite banner at a public auction in Los Angeles, California on November 17.