According to reports, Carolina Hurricanes owner Peter Karmanos is on the verge of signing a purchase agreement with Tom Dundon that would transfer majority ownership to the Texas billionaire.
The agreement was finalized in Palm Beach, Florida on Thursday at the NHL’s Board of Governors meetings, capping off what had been a week of build up.
Team president Don Waddell said last week that, in addition to former Texas Rangers CEO Chuck Greenberg, Dundon and two other groups were interested in buying the team from Karmanos.
On Tuesday, The Athletic’s Pierre LeBrun expanded on the state of the negotiations.