Published Sunday, 06 May 2012
Corley lands a shot on McCloskey. (© Pacemaker)
The Dungiven light-welterweight was rocked by a strong right hand from the veteran American fighter, prompting referee Ian John-Lewis to step in and end the bout.
McCloskey's camp protested the decision, which comes after the controversial stoppage he suffered to Amir Khan last year, and which dents his world title ambitions.
But Corley never looked in trouble during the fight despite entering as the outsider and frequently landed shots on the local fighter in the early rounds.
An out-of-sorts McCloskey was left bloodied after he was clipped on the nose but came back into contention in the sixth and seventh.
His 37-year-old opponent started to show his age in the eighth and ninth rounds as a sequence of quick shots from the Dungiven man landed - but then came the stoppage which gave former world champion Corley the victory.
"It's a disappointing night for the boy," show promoter Eddie Hearn told UTV. "He wasn't at the races and he'll be the first to admit that.
"To come up against a world class fighter, if you're not at the races you're going to get beat - it's a tough game."
Meanwhile unbeaten Commonwealth gold medallist Eamonn O'Kane battled his way to the £32,000 Prizefighter jackpot.
O'Kane got the unanimous decision against JJ McDonagh.
"I'm delighted," he told UTV, after the hard-fought victory.
"When I heard about Prizefighter I thought 'this is risky', but I'm delighted to come out as winner.
"It was such a rough and rumble night, such a hard fight, and a good performance in the second one and a messy one in the final but I came out on top."