Well.. the point is not to kill another person, especially since it's being aired on national television.
And wait a minute? you said there's lots of holds and no real combat? And you've been doing pankration for 20 years? I don't mean to offend you but the reason you don't see ninjitsu is because it only works on gay people. If you try and and grab a guys wrist he's gonna hit you on the chin and knock you out.
Maybe I don't understand exactly what you're asking but it seems like you need to stop watching Bas Ruttens bar fighting videos. I mean, it's effective but not at that level otherwise everyone would be doing it.