Top Stories
  Severe Weather
  Bird Flu
  Mideast Crisis
 Personal Finance
  Sports Columns
  College Hoops
 Raw News
 Archive Search
 Multimedia Gallery
 AP Video Network
 in History
Dec 7, 7:08 PM EST

Dundon signs purchase agreement to buy Carolina Hurricanes

Special Section
Complete Hockey Coverage
NHL News
Check, mates: NHL top lines are expected to do it all

Saros makes 46 saves, surging Predators blank Oilers 4-0

MacKinnon's 2 goals lead Avalanche past Panthers, 2-1

Donskoi scores late in third to lift Sharks over Flames

NHL-best Lightning beat Coyotes 4-1 for 6th straight win

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:

© 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 This material may not be published, broadcast, rewritten or redistributed.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.