Balsillie Bid For Coyotes Takes A Hit Tuesday

Jim Balsillie is dealt a severe blow in his quest to purchase the Coyotes, as one of the team’s largest secured creditors throws its support behind Jerry Reinsdorf’s group. SOF Investments announces an agreement that calls for Reinsdorf's group to pay down a portion of the company’s debt and rollover the rest. The move marks a major shift for SOF, which previously had come to Balsillie’s defense, arguing his $212.5M bid was the only one that could satisfy the club’s creditors. Balsillie attorney Richard Rodier tries to remain positive after the hearing, but he concedes it is a “theoretical possibility” that the end could be near for his client. While the Coyotes ownership situation may be moving closer to a resolution, uncertainty continues to surround the Lightning.

As Easy As A B.C.?
Vancouver will be the focus of the sports world in six months, but until then VANOC continues push to overcome last-minute challenges.

Here Comes The Boom
ESPN to heavily incorporate "Madden NFL 10" into its coverage ahead of game's release.

Garden Variety
Cablevision filing paints MSG as a volatile business heavily dependent on sports enterprise.

Alabama Slammer
Dale Earnhardt Jr. pulls name, affiliation from planned motorsports complex in Mobile.

Arts & Krafts
Patriots' lottery partnership the latest example of the team's off-field business endeavors.

Taking The Pitch   
Twelve major sponsors aligning with coverage of today's U.S.-Mexico game on Telemundo, Mun2.

Seeing Eye-to-Eye 
CBS places no conditions on James Brown's "60 Minutes" interview of Michael Vick.

I Like It, I Love It
Tim McGraw, Black Eyed Peas will help kick off NFL season ahead of Titans-Steelers.