The franchise announced Wednesday that Francis, along with four other investor groups, have joined Hurricanes Holdings LLC in ownership of the team.
"It is very encouraging that these locally based investors feel so strongly about our franchise and its future," Hurricanes owner Peter Karmanos said. "We are proud to have this group of prominent North Carolinians involved with our team."
Francis, the fourth-leading scorer in NHL history, spent 16 of his 23 NHL seasons with the Whalers/Hurricanes franchise, and has worked for the team in a variety of front-office and coaching roles since 2006. He currently serves as the club's vice president of hockey operations.
Also joining the ownership group are Eliza Kraft Olander and Brian McHenry of GreengardenDRC LLC. The couple is involved in numerous philanthropies around North Carolina. Ron de Lange, president/CEO of Tekelec, an innovator of mobile Internet solutions, also has invested in the team. The company's headquarters is in Morrisville, N.C.