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EliteXC Claiming Its Not Dead, Holding Fighter Contracts
In a surprising turn in the EliteXC saga, Lawyers for EliteXC have responded to fighters 30 day breach of contract notices, stating they are not done and will be holding a fight in 2009, according to GracieFighter.com.
EliteXC representatives have vowed that they will continue operations and will be planning a show in early 2009. Most of the major EliteXC fighters under contract have been notified.
Lead counsel for the organization has informed us that contrary to popular beleif, EliteXC has not filed for bankruptcy and has merely scaled down their staff.
This will be a setback for all EliteXC fighters currently under contract as they will be unable to fight in other organizations without the express written permission of EliteXC. Barring a judicial ruling, EliteXC fighters could be hampered from signing with another organization.
However, Nick Diaz will be able to fight in Japan if terms are agreed upon with a Japanese organization due to a previous agreement with EliteXC. It is assumed that Eddie Alvarez will also be able to fight in the Far East without any EliteXC restrictions due to his previous contract with Dream.
This is likely a stall tactic by EliteXC officials to sell off the company or possibly gain some additional funding. Whatever it is, EliteXC better figure it out soon so their fighters don’t have to sit on the shelf.