I just want to clarify that the sale of Widdershins to SPS was never a deal on the table. What was on the table was the sale of the IP to Steampunk World's Fair. I'm not sure if you got a chance to watch Michael's live video on the SPWF page from Friday night, but it explains that thanks to lawyers and miscommunication, SPS decided to walk away from the deal because time is short and the back and forth is costing us time.
The TLDR version of it was this: There was an agreement made between SPS and JME to purchase the IP for Steampunk World's Fair after Wicked Faire ended.
Originally, because of the challenges of dealing with hotel contracts, especially for events that are happening in less than two months, Jeff agreed to keep the contracts in his name, to avoid any surprises during a possible renegotiation. Michael announced that on Friday during his live stream.
However, after personally speaking with a few people who have voiced concerns about this, including members of the board, I and the rest of SPS determined that it would not be the right thing to continue keeping the contracts in Jeff's name and run this event. We heard you, and we are acting on it. This week we are working on signing contracts over to SPS' name as they currently stand. We are hoping to get this wrapped up ASAP.