Proposed Sale Of Lightning Falls Through

Palace Sports & Entertainment's $200M sale of the Lightning to Absolute Hockey Enterprises is off.  Prospective investors Jeff Sherrin and Doug MacLean are suing partner Oren Koules, claiming that Koules defaulted on a payment for the team due on November 12 and that he was negotiating in secret to make his own deal for the team. While PSE says it's hopeful the "differences can still be resolved and a successful ownership transfer can take place," ST. PETE TIMES columnist Gary Shelton writes with the deal falling apart, everyone, including PSE Owner Bill Davidson, "loses."

World Stage 
India-based Satyam Computer Services inks deal to sponsor 2010, 2014 FIFA World Cups.

Orlando Boom
Hotelier Harris Rosen's petition drive against Magic arena falls woefully short.

The Doctor Is In  
Red Sox’ Charles Steinberg on his way to L.A. to become new Dodgers CMO.

Final Fantasy 
Court denies petitions from MLBAM, MLBPA to re-hear appeal against CDM Fantasy Sports, leaving Supreme Court as last recourse.

Writer's Block
IOC to have final approval for official accreditation of journalists during ’08 Beijing Games.

The Lowe Down 
SMI's Bruton Smith formally announces intention to keep speedway in Concord, North Carolina.

Fitted Cap 
MLS looks to bridge owners’ philosophical divide in structuring ’08 salary cap.

Get Your Motor Running 
Day One highlights from 8th annual SBD/SBJ Motorsports Marketing Forum.