Dallas man agrees to buy majority stake in Hurricanes

Galtero Lara
Diciembre 8, 2017

Dallas entrepreneur Tom Dundon has purchased majority stake in the Carolina Hurricanes. "The Hurricanes are a team on the rise, and I believe we have an opportunity to take the franchise to the next level". One condition: Relocation of the 'Canes, Waddell said, was "not an option". 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. "The rumors that it might be moving somewhere else are absolutely incorrect, made up, fabrications, wrong, wrong, wrong".

Dundon is the Chairman and Managing Partner of Dundon Capital Partners, a private investment firm.

"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.

Bettman sought to assure Hurricanes fans that Dundon is committed to keeping the franchise in North Carolina and has no plans to move the team to his home state.

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Still in addition to Seattle, Houston, where new Rockets owner Tilman Fertitta is eager to bring an NHL team to Toyota Center, and Quebec City, which lost out in expansion to Las Vegas, would be other potential landing spots for the Hurricanes, recently valued at $370 million, 27th in the 31-team league.

"He's buying the club to have them in Carolina. It's just not accurate". He relocated the Hurricanes to North Carolina in 1997. He was inducted into the Hockey Hall of Fame in 2015.

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