Tom Dundon now sole owner of Carolina Hurricanes | Companies


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Tom Dundon is now the sole owner of the Carolina Hurricanes after buying the remainder of the NHL club from Peter Karmanos and others.

The league’s board of governors unanimously approved the transaction on Wednesday.

“We are fortunate to have a passionate fan base that supports a team that we believe can compete for the Stanley Cup every year,” Dundon said in a statement. “That’s the only possibility.”

Dundon, 49, became a majority owner in early 2018 when he bought 52% of the Hurricanes and their arena for $ 425 million. Karmanos has owned the team since the Whalers moved from Hartford in 1997.

“It was sort of a structure of the deal,” Dundon told The Associated Press on the phone. “It was always thought that we would do it that way, two parts, so to speak.”

Praising Karmanos for his influence on ice hockey in the US for more than four decades, Dundon said, “His vision laid the foundation for the success we have in Raleigh today and his legacy will always be part of that organization.”

But now Dundon can continue to put his stamp on the organization.

Carolina has made the playoffs for the past three seasons, the first three consecutive postseason trips since moving to Raleigh. Rod Brind’Amour won the Jack Adams Award for Coach of the Year and signed a three-year extension after the Hurricanes won their division and reached the second round before losing to Tampa Bay.

“Obviously it’s not fun to lose and it was horrible,” Dundon said in the telephone interview. “Unfortunately, the odds say you’ll finish more seasons than you don’t when you don’t win. So the hardest thing about this deal is that you can do great and not win, and that is what we need to find out. “

Dundon said he, General Manager Don Waddell and Brind’Amour agree to win now without weighing the future. The next step for the Hurricanes is to move up from perennial playoff contender to Stanley Cup contender.

“We try to make sustainable choices,” said Dundon. “Organizationally, we all agree that you want to try to get better today, but we’ll play hockey tomorrow and the day after tomorrow and make sure we can maintain something that gives us a chance to consistently win.”

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More AP NHL: https://apnews.com/hub/NHL and https://twitter.com/AP-Sports

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed in any way without permission.



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