Crap. The MMA organization that had Kimbo Slice and Gina Carano just bit the dust. Granted Kimbo was exposed in a major way in his last fight, but there were some good fighters in the org and competition to the UFC benefited fans.

 EliteXC “Night of Champions,” scheduled for Nov. 8 at the Reno Events Center in Reno, Nev., has been cancelled as the promotion heads into its final days of business, Sherdog.com has learned from numerous sources.

...

Discussions of Pro Elite’s purchase were said to have gone well and a deal looked imminent as of two weeks ago when EliteXC held its third installment of “Saturday Night Fights” on CBS. The Oct. 4 event, which was funded entirely by Showtime, drew 4.56 million viewers and almost matched their initial May offering on the network.

But negative press surrounding questionable conduct before the main event between Seth Petruzelli and Kevin "Kimbo Slice" Ferguson have overshadowed the ratings success. Petruzelli, who stepped into the headlining bout on an hour's notice and beat Slice in 14 seconds with a short right jab, intonated afterward on a Monday morning talk show that promoters had given him added monetary incentive to stand with the less ground-savvy Slice. 

http://sherdog.com/news/news/nov-8-elitexc-cancels-pro-elite-folds-14860