< html > The Associated Press
Bolivar Commercial
 LATEST NEWS
 Top Stories
 U.S.
  Severe Weather
  Bird Flu
 World
  Castro
  Mideast Crisis
  Iraq
 Business
 Personal Finance
 Technology
 Sports
  Sports Columns
  NASCAR
  Baseball
  College Hoops
  NBA
  NHL
  Tennis
  Golf
 Entertainment
 Health
 Science
 Politics
 Washington
 Offbeat
 Podcasts
 Blogs
 Weather
 Raw News
 NEWS SEARCH
 
 Archive Search
 SPECIAL SECTIONS
 Multimedia Gallery
 AP Video Network
 Today
 in History
 Corrections
Dec 7, 7:08 PM EST

Dundon signs purchase agreement to buy Carolina Hurricanes


Special Section
Complete Hockey Coverage
NHL News
Giordano, Bennett lead Flames to 6-1 win over Canucks

Kane, Crawford lead Blackhawks past Wild for 5th straight

Hellebuyck s

Rinne s

Stralman, Lightning overcome Landeskog's hat trick for Avs

Multimedia
Hurricanes could cross Gulf oil spill

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

© 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.