Tom Dundon Now Sole Owner of the Carolina Hurricanes | Your money
RALEIGH, NC (AP) – Tom Dundon is now the sole owner of the Carolina Hurricanes after buying out the remaining NHL club shares held by Peter Karmanos and others.
The league’s board of governors unanimously approved the deal on Wednesday.
“We are fortunate to have a passionate fan base who support what we believe is a team that can compete for the Stanley Cup every year. Dundon said. “It’s the only option.”
Dundon, 49, became majority owner in early 2018 when he bought 52% of the Hurricanes and their arena for $ 425 million. Karmanos had owned the team since the Hartford Whalers moved in 1997.
“Pete has had a huge impact on the sport of hockey in the United States since the 1970s,” said Dundon. “His vision laid the foundation for the success we now experience in Raleigh, and his legacy will always remain a part of this organization.”
Carolina has made the playoffs for the past three seasons, the first three consecutive playoff trips since moving to Raleigh. Rod Brind’Amour won the Jack Adams Coach of the Year award and signed a three-year extension after the Hurricanes won their division and reached the second round before losing to Tampa Bay.
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