Tom Dundon’s bid to assume full ownership of the Carolina Hurricanes has been unanimously approved by the NHL’s Board of Governors and he has completed the purchase of all remaining shares, the team announced Wednesday.
In January 2019, Dundon acquired the majority stake in the franchise and has served as CEO and governor of the club, in addition to his role as owner.
Wednesday’s transaction marks the first time that Peter Karmanos Jr. has not owned at least a minority share of the franchise since he first acquired the Hartford Whalers in 1994. He relocated the team to North Carolina three years later.
“Pete has had a tremendous impact on the sport of hockey in the United States since the 1970s,” Dundon said in a press release.
“His vision laid the groundwork for the success we now enjoy in Raleigh, and his legacy will always remain a part of this organization. We are also grateful for the efforts of the Hurricanes Holdings minority investors who provided important support to the franchise over the years.”
The Hurricanes won the NHL’s Central Division in 2020-21, advancing to second round of the NHL Playoffs before being ousted by the defending champion Tampa Bay Lightning.
Carolina has qualified for the playoffs in each of Dundon’s three full seasons as owner.
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