The Carolina Hurricanes' future has been secured after an agreement was reached for former Texas Rangers owner Chuck Greenberg to buy the hockey franchise.
Per Jeff Gravley of WRAL-TV, the Hurricanes signed a letter of intent to be sold to Greenberg that ensures they will remain in Raleigh, North Carolina.
Bloomberg's Scott Soshnick reported Greenberg paid approximately $500 million to buy the Hurricanes from Peter Karmanos Jr.
Karmanos told TSN's Pierre LeBrun in January he was "open to the possibility of selling the entire team" if the right offer came along.