By: Chris Taylor

Sources close to BJPENN.com informed us just moments ago that Strikeforce operations are set to cease and that the promotion is going out of business.

The rumor comes shortly after news broke that Strikeforce middleweight champion Luke Rockhold (10-1 MMA, 9-0 SF) was forced to pull out of his title fight with Lorenz Larkin (13-0 MMA, 4-0 SF) due to a wrist injury.

The middleweight title fight was the second key loss to a scheduled November 3rd card, following the loss of a heavyweight main event bout between Frank Mir and Daniel Cormier.

Stay tuned to BJPENN.com for further updates