Citing multiple sources involved in the transaction, the News and Observer is reporting today that the sale of the Hurricanes from Peter Karmanos to Dallas businessman Thomas Dundon will close today. A press conference with Dundon and NHL commissioner Gary Bettman has been scheduled for tomorrow in Raleigh.
The NHL Board of Governors has approved the transfer of the franchise, the last remaining hurdle to Dundon becoming majority owner. He will own just over half of the franchise, which the N&O reports is valued at $505 million.
The paper also reports that Dundon plans to keep the Canes’ hockey operations staff, including general manager Ron Francis and head coach Bill Peters, in place after he assumes majority ownership.