Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - [News] Billionaire signs agreement for majority stake in Hurricanes with option for the rest

sureLoss · 12-07-2017, 10:02 AM

Nick Kypreos @RealKyper
Told that @NHLCanes majority interest sale to billionaire Tom Dundon had a team value just shy of 500m. Pete Karmanos will retain just under 50% ownership to protect future growth in franchise values. @NHL @Sportsnet

Pierre LeBrun‏Verified account
@PierreVLeBrun
Karmanos expected to retain 48 percent share of the team in sale to Tom Dundon

So if above is true, Dundon is putting ~$260 million into the Hurricanes.

edit:

Pierre LeBrun @PierreVLeBrun
Tom Dundon, if the purchase agreement goes through, would own 52 percent of the Hurricanes with an option in 3 years to buy the remaining 48 percent

12-07-2017, 10:02 AM	#3
sureLoss Some kinda newsbreaker! Join Date: May 2004 Location: Learning Phaneufs skating style Exp:	Nick Kypreos @RealKyper Told that @NHLCanes majority interest sale to billionaire Tom Dundon had a team value just shy of 500m. Pete Karmanos will retain just under 50% ownership to protect future growth in franchise values. @NHL @Sportsnet Pierre LeBrun‏Verified account @PierreVLeBrun Karmanos expected to retain 48 percent share of the team in sale to Tom Dundon So if above is true, Dundon is putting ~$260 million into the Hurricanes. edit: Pierre LeBrun @PierreVLeBrun Tom Dundon, if the purchase agreement goes through, would own 52 percent of the Hurricanes with an option in 3 years to buy the remaining 48 percent Last edited by sureLoss; 12-07-2017 at 10:14 AM.