RALEIGH, N.C. (AP) - Dallas billionaire Tom Dundon has signed a purchase agreement to buy a majority stake in the Carolina Hurricanes from longtime owner Peter Karmanos.
The team announced the agreement Thursday, and NHL Commissioner Gary Bettman said the team would not move.
The move marks the latest step toward the end of Karmanos' lengthy attempt to sell the team he moved from Hartford, Connecticut, to North Carolina two decades ago. Karmanos will retain an equity stake in the franchise.
Dundon is the 46-year-old former CEO of Santander Consumer USA, a Dallas-based lending firm. He's also an investor in the Top Golf chain of golf and entertainment facilities and a key financier of a new golf course in Dallas.
In a statement, Dundon called Carolina "a team on the rise."
More AP NHL: www.apnews.com/tag/NHLhockey
- Local man facing slew of child sex offense charges in Duplin Co.
- Havelock man captures careless delivery driver on camera
- Community shop helps local families get Christmas presents on a budget
- Anchored for Life aims to help students with transition to new school
- Camp Lejeune to enforce stricter base entry procedures