Stratus CEO Paul Feller sees co-existence, not competition, as goal of new ProElite

Stratus CEO sees co-existence, not competition, as goal of new ProElite Since
its inception in December 2006 as the “new big player” on the MMA
scene, the question was how ProElite, Inc. planned to compete with the
UFC.

With brash figurehead Gary Shaw serving as ProElite’s face, the company
got swept up in that race as it continued to hemorrhage money. But
after 20 months of operations and $55 million burnt, it closed up shop.

Paul Feller, CEO of Stratus Media Group, the company that assumed
control of ProElite, Inc. this week, said his goal is not to be the
next promotion to challenge the UFC.


Stratus CEO sees co-existence, not competition, as goal of new ProElite Since
its inception in December 2006 as the “new big player” on the MMA
scene, the question was how ProElite, Inc. planned to compete with the
UFC.

With brash figurehead Gary Shaw serving as ProElite’s face, the company
got swept up in that race as it continued to hemorrhage money. But
after 20 months of operations and $55 million burnt, it closed up shop.

Paul Feller, CEO of Stratus Media Group, the company that assumed
control of ProElite, Inc. this week, said his goal is not to be the
next promotion to challenge the UFC.