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EliteXC Buyout Cost Strikeforce $3 Million

A report released by the Securities and Exchange Commission reveals that the parent company for Strikeforce, Explosion Entertainment LLC, spent a reported $3 Million to purchase the assets of the now defunct EliteXC.

The purchase includes valuable contracts, and their media library (EliteXC DVD’s). Of the contracts, Nick Diaz is the only EliteXC fighter that will be appearing on an upcoming Strikeforce card as he is set to face Frank Shamrock.

Another important point to note from the deal is that EliteXC is now clear of the money that they owed to Showtime Networks during their existence.