Dave Meltzer broke the news that EliteXC is dead in the members-only section of the Wrestling Observer website:
Several fighters with EliteXC have gotten word today the promotion is down for the count after CBS pulled out of talks to purchase the company. The death of the deal was the Seth Petruzelli statements causing the investigation by the Florida Boxing Commission on the Kimbo vs. Petruzelli fight.
There is a lot to say on this, but I’ll start here: As usual, the coverup ended up being worse than the scandal. Oh, and poor Gina Carano.