RALEIGH -- Dallas entrepreneur Tom Dundon has purchased majority stake in the Carolina Hurricanes.
According to a statement released, “pending league approval and the finalization of the sale,” Dundon would control all team operations.
“I am thrilled to continue to build upon what Peter Karmanos started in Raleigh. The Hurricanes are a team on the rise, and I believe we have an opportunity to take the franchise to the next level. I’m ready to get to work," he said in the statement.
Peter Karmanos, Jr. bought the franchise in 1994. He will maintain an equity stake in the team. He relocated the Hurricanes to North Carolina in 1997. Since then, the Hurricanes have won two conference titles and a Stanley Cup Championship in 2006. He was inducted into the Hockey Hall of Fame in 2015.
“Tom has had tremendous success in business, and I fully expect that to continue as he takes control of the Hurricanes. I look forward to working with him, and bringing another Stanley Cup to North Carolina," said Karmanos.
Watch Sports Director Mike Solarte analyze the sale in the video above.