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Lightning terminate sale agreement of franchise

Updated: December 1, 2007, 9:45 AM ET
Associated Press

TAMPA, Fla. -- The proposed sale of the Tampa Bay Lightning to a group that includes former Florida Panthers coach Doug MacLean is off.

The team said Monday night that an agreement Palace Sports & Entertainment reached in August to sell the NHL franchise to Absolute Hockey Enterprises was terminated on Nov. 14. The deal also included the leasing rights to the St. Pete Times Forum and about 5.5 acres adjacent to the downtown arena.

"The Lightning entities terminated the agreement ...

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