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UFC President Dana White Tells EliteXC: 'You're $60 Million in the Hole, Retard'

UFC President Dana White had harsh words for EliteXC honcho Jared Shaw in this video:

"There's guys out there in the industry that know what they're doing and run a real business," White said. "ProEliteXC, you think that business is being run well? Hey Jared, you're $60 million in the hole, retard. Get over it. These idiots pop up and they start throwing all this money around and they think they're going to come out and go head to head and compete with the UFC? It'd be like me starting a fast food joint saying 'I'm going to take down McDonald's'."