Friday, September 26, 2008
The crisis on Wall Street has hit the world of mixed martial arts, with the WEC announcing today that they are officially abolishing their middleweight and light-heavyweight divisions to cut costs. The downsizing, which will leave 185-pound fighters such as Paulo Filho, Chael Sonnen and Tim McKenzie and 205-pound fighters such as Doug Marshall and Steve Cantwell unemployed, allows the promotion to focus completely on the smaller weight classes and save money that would normally be spent on actual human-sized athletes. "It's just dollars and sense," says Head Midget Wrangler Reed Harris. "Someone like Brian Stann is going to want to stay in a room at the Hard Rock Hotel & Casino and eat energy bars and fruit backstage, whereas we can just keep Urijah Faber in a small cage and feed him crickets. It's just dollars and sense."
Mark Cuban's HDNet is moving to buy the remaining assets of the IFL promotion for the sum of $650,000 according to a recent SEC filing. At the heart of the potential acquisition is the failed promotion's extensive video library, which will purportedly be the focal point of a new HDNet television show called "MMA Bloopers and Practical Jokes". The IFL, which woefully tried to divide a roster of B-level fighters amongst contrived teams such as the "San Diego Sea Anemones" and the "Milwaukee Marmots", filed for Chapter 11 bankruptcy protection last week.