Carolina Hurricanes sold to Dallas entrepreneur

Hurricanes sale in NHL Board of Governors' hands, report says

Hurricanes sale in NHL Board of Governors' hands, report says

A Dallas entrepreneur has agreed to buy a majority stake in the Carolina Hurricanes, the team announced Thursday. "The Hurricanes are a team on the rise, and I believe we have an opportunity to take the franchise to the next level".

According to a statement released, "pending league approval and the finalization of the sale", Dundon would control all team operations.

Bettman said the Hurricanes would not be relocated. At the time of the purchase, a commitment was made to keep the team in Hartford for at least four years, but the franchise would be moved to Raleigh, N.C., following the 1996-97 season.

Dundon is chairman and managing partner of Dundon Capital Partners, a Dallas-based private investment firm, and is co-chairman of Topgolf.

"Tom has had tremendous success in business, and I fully expect that to continue as he takes control of the Hurricanes", Karmanos said in a statement. "I look forward to working with him, and bringing another Stanley Cup to North Carolina", said Karmanos.

"The club is not going anywhere with Mr. Dundon's purchase, and for those of you who know geography, the fact that he lives in Dallas and that happens to be in the same state as Houston has nothing to do with anything", Bettman said.

"He's buying the club to have them in Carolina".

Peter Karmanos Jr. will remain on board as a minority owner, with he and Dundon making a presentation to executive committee of the NHL's Board of Governors Thursday morning. "It's just not accurate".

Since the move to North Carolina, the Hurricanes have made five playoff appearances and won the Stanley Cup once.

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