According to Media Daily News, Pro Elite is exploring options to block the 11/17 bankruptcy liquidation of its assets. In addition to the EliteXC brand and some other trademarks, they’re also looking to retain the contracts of Kimbo Slice and a number of other fighters under contract.

Showtime is planning to conduct the auction due to EliteXC’s default on a loan extended to Pro Elite. The interesting part of the story is the assertion that Pro Elite is “looking to resuscitate their business”:

With Showtime primed to sell its assets, a mixed martial arts promoter isn’t going down without a fight. ProElite, which has aired MMA matches on the pay cable network, said Thursday that it plans to block the public auction.

Looking to resuscitate its business, the company said it would pursue all available options to retain its assets, which include the contract of Kimbo Slice (real name: Kevin Ferguson). Possible actions include trying to raise additional capital, filing for bankruptcy, negotiating a settlement with Showtime, or filing a lawsuit to prevent the sale from going forward, according to an SEC filing.

Fight promoter looks to challenge Showtime @ Media Daily News