Strikeforce buys EliteXC

Strikeforce announces acquisition of select Prolite/EliteXC assets | MMAjunkie.com

The long-rumored sale of many of the ill-fated ProElite organization's assets is finally complete.

Rumors of the sale initially surfaced on Wednesday evening as SI.com's Josh Gross received confirmation of the transaction from ProElite Chief Executive Officer Chuck Champion.

Today a press release by the California-based Striekforce organization confirmed that the company has purchased a significant portion of ProElite's assets, including some fighters' contracts and a video library of past CBS and Showtime-broadcast events.

This is good news for MMA. A strong second promotion in North America is a welcome addition. Don't get me wrong - I love UFC. But a little healthy competition never hurt anyone.