Peter Karmanos Jr., majority owner of the Carolina Hurricanes, could be close completing a sale of the NHL team for about $500 million, according to a Bloomberg News report.
The Bloomberg report on Thursday said the team would be sold to Chuck Greenberg, a former part-owner and chief executive officer of the Texas Rangers, and would remain in Raleigh.
Karmanos could not immediately be reached for comment. A team spokesman refused to confirm nor deny the Bloomberg report.
Karmanos has owned the franchise since 1994, when he joined the late Thomas Thewes and Jim Rutherford in purchasing the Hartford Whalers.