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Reports: EliteXC tells employees, fighters it's out of business

Updated: October 21, 2008, 12:53 PM ET
ESPN.com news services

The parent company of the EliteXC mixed martial arts circuit is closing its doors for good, according to multiple reports.

Sherdog.com reported that according to T.J. Thompson, an executive at ProElite Inc., he was informed that the company would close for good this week and would file for bankruptcy protection. And Sports Illustrated, on its Web site, reported that ProElite told its employees and fighters on Monday that it was shutting down, effective immediately, according to multiple ...

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