The sale, which was announced in January and was supposed to close in April, was to have included the club's professional tennis tournaments -- the Regions Morgan Keegan Championship for men and the Cellular South Cup for women.
Club owner Mac Winker said he will continue running the club. "I'm back in the saddle," he said Friday, adding that there are no other prospective buyers at the table at this time. "Brian and I and our investors are very disappointed," said Carpenter. "We hope Mac does well and that the tournament stays in Memphis and does well."