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ProElite assets, fighters' contracts, headed to

What's left of ProElite, Inc. will head to the auction block later this month.

Showtime, which owns a 20 percent stake in the company, has authorized the sale of ProElite's assets. Showtime and CBS made the announcement Tuesday in a filing with the U.S. Securities and Exchange Commission. The filing outlined Showtime's intention to sell ProElite's "tangible and intangible assets" to the highest bidder at a public auction on Nov. 17.

ProElite Chairman Chuck Chairman did not return messages left by MMAjunkie.com (www.mmajunkie.com).

The auction will take place in Los Angeles.

The sale will include contracts with a number of EliteXC fighters, including Kevin "Kimbo Slice" Ferguson, Gina Carano, Jake Shields, Robbie Lawler, Frank Shamrock and many others.

The filing officially quashes any rumor of EliteXC's possible resurrection in 2009.

http://www.ultimatefightingforumz.com/viewtopic.php?f=11&t=120
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