Well, the strongest competition to the UFC is now dead, dead, dead …. and it’s all because of the aftermath of Kimbo Slice’s devastating knockout loss to Seth Petruzelli.

Elite XC was already in heavy financial trouble, and hoped that CBS (who owned 20% of the company) would buy out the remaining portion and save the day. However, Seth Petruzelli’s comments that promoters implied he should not take Kimbo to the mat drew an investigation from the Florida State Athletic Commission. That investigation played a part in CBS NOT bailing Elite XC out of financial trouble, which doomed the company.

The biggest question in all of this is… Where does Kimbo Slice go from here?

Be sure to vote in the poll below to tell us your prediction!

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Now… I’m pretty sure this person might regret getting the tattoo since Kimbo got his ass kicked last Saturday, but it does look pretty cool.

I’m rollin @ the taco meat naps though…they got that part down perfectly.

Here’s a quick rundown for those of you who aren’t familiar with the MMA / Kimbo Slice thing.

Kimbo Slice is new to MMA and Elite XC is a new upcoming fight organization. The powers that be know that Kimbo is their cash cow, and the life of their company is directly affected by Kimbo’s performance, it’s in their best interest that he wins. So… the promoters allegedly approached Kimbo’s opponent and offered him a bonus if he stood up and traded punches with Kimbo (as opposed to taking the fight to the mat and wrestling/grappling/trying submission moves).

The notion is that this gives Kimbo an unfair advantage because he is more likely to win fights in that fashion. The Elite XC are in danger of being brought under investigation as a result. In this video, you’ll see Dana White (the president of rival organization UFC) and he’s absolutely pissed.

This video contains very foul language (but damn if it isn’t fun to watch!)