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The Sinister Six:

Doctor Octopus w/ adamanitum arms (ala ASM #334)
Electro with enhanced powers from Delilah and Rose (ala ASM #422)
Mysterio at his finest
Sandman at his finest
Hobgoblin possesed with Demogoblin demon (ala SSM #147)
Vulture with restored youth (ala ASM #386)

(no Kraven, sicne he's dead anyway...sorry Kraven fans)

Any of the 6 may fall on any battle. The remaining will keep fighting until all are wiped out. State where any member falls.

The Sinister Six and their opponent gets 20 minutes prep time every battle. No time for healing for any member.

1) Black Cat
2) Cyclops
3) Daredevil
4) Sabretooth
5) Green Goblin
6) Gambit
7) Spider-Man
8) Venom
9) Carnage
10) Ultron
11) The Mandarin
12) Blackheart
13) Magneto
14) Dr. Doom
15) Mephisto

Hope that line up was fair enough! Thanks for reading this!
Here's a giveaway treat!---

Vulture falls at number 2
Mysterio at # 3
Hob Goblin at # 6
Doc Oc at # 7
sand Man at # 10
Electro at # 13

Vulture dies at cylops

Electro dies at carnage

Mysterio at cyclops

Sandman to doom

Demo/hob goblin get's to 12

Doc ock to venom

I'd agree with Tallis! I was still thinking of my answer!