ProElite, Inc. (fka PELE)

[MJAM2020]

FOOZEN...I wonder if some of this payment to Proelite is kinda like Paying Chuck to get the hell out of the way..LOL,,he might have said fine,,,I'll get out of the way,,but I still want ProE's cut if KOTC blows up big time,,,and the KOTC people seem ecstatic to have this cleared up,,like they've been let out of the cage,,,I wonder if they have a TV deal of some sort ready to go,,,

This is the article i mentioned a while back,,,about Terry maybe being frusturated by Chuck and ProE...

Revamped Pro Elite Show in March
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MMAInsider caught up with King of the Cage president Terry Trebilcock on Wednesday, who said he is "confident that negotiations are going well" with executives from Pro Elite and CBS.

Trebilcock's company, with backing from private investors, is one of a handfull of MMA promotions and business interests vying for Pro Elite's assets, including fighter contracts and existing broadcast deals with Showtime and CBS. As one of the remaining promotions still operating under the fallen company, there is strong speculation KOTC may be funding some, if not all, of Pro Elite's operating expenses. In October, Pro Elite's cash reserves drifted below $550,000 when Showtime called in an existing loan to the company.

According to Trebilcock, one of the many factors slowing down the deal is the roles of the remaining Pro Elite executives, including CEO Chuck Champion, in the new promotional entity.

In anticipation of a possible deal with CBS and Pro Elite, Trebilcock has lined up venues in New Mexico and Southern California for a possible March event, though he wouldn't say where.

However, the logistics of the deal, as well as the personalities involved in its transaction, appear to provide no timeline for its completion.

"They're slow playing us," said Trebilcock.
Labels: King of the Cage, terry trebilcock

So if not exactly the deals menitioned in this,,,there could be something similiar,,,a while back I remember a KOTC promoter posting about big things coming for KOTC ,,, maybe now we will get to see those,,unless the big things were leaving Proelite..lol we'll see


Somewhat related..
The other day the guy from BOOYAA was posting on KOTC board and said that they had made up a new shirt for some new TV show,,I don't know if that is related to anything or not...but just thought it was worth mentioning...

So in a sense CHuck is out of the way,,,but in another sense they are still tied to proE because of these future payments...they are capped at a Max,,,but it could still be substantial dollars,,,,

this is way interesting,,,

mj