Posted at 6:12pm EST Thursday:
...(a) source told Reuters the deal collapsed because Panthers owner Alan Cohen did not want to cede control of the team, while Sports Properties was scared off by the Panthers' weak finances.
The league itself claimed the sale would not gain NHL approval since the new ownership "lacked a primary investor taking a substantial equity stake" (Miami Herald, Wednesday).
Deep doodoo indeed for an owner who is reportedly desperate to sell. This affects everything from naming a permanent general manager to free agency pickups to potential trades.