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Dundon Introduced as New Hurricanes Owner

Entrepreneur takes controlling interest in team

by Terrell Williams @NHLCanes / Carolina Hurricanes News Release

RALEIGH, NC - Gary Bettman, Commissioner of the National Hockey League, today introduced entrepreneur and philanthropist Tom Dundon as the new majority owner of the Carolina Hurricanes, including the operation of PNC Arena, during a news conference at PNC Arena. Dundon became majority owner of the Hurricanes on Thursday, through the formal closing of his purchase transaction with Peter Karmanos. Karmanos retains a minority ownership interest in the Club.

"Tom Dundon sees the potential in the Hurricanes and in Raleigh," said Bettman. "Tom represents a bright and secure future for the team, here - let there be no doubt about this - here in North Carolina. 

"You are going to like Tom and Tom is going to bring his energy and his vision for this franchise. He wants success for the Hurricanes, on and off the ice; he wants the team to be the pride of the Triangle and an even-more integral part of the community.

"I also want to take a moment to express my appreciation to Peter Karmanos for his many contributions - to the NHL and to the community. I know how much the Hurricanes mean to him and I am glad to know he will remain connected to the team that he brought to North Carolina in 1997."

Dundon is the Chairman and Managing Partner of Dundon Capital Partners, a Dallas-based private investment firm. His investment activities have spanned the entertainment, healthcare, real estate and hospitality, technology, automotive and financial services sectors. He is the majority owner of Employer Direct Healthcare and a large investor and director of Topgolf. Dundon's complete bio is attached to this release.

Peter Karmanos Jr., who originally purchased the franchise in 1994, maintains an equity stake in the team. In 1997, Karmanos relocated the team to North Carolina, where it has captured three division titles, two conference titles and the 2006 Stanley Cup Championship. In 2015, Karmanos was inducted into the Hockey Hall of Fame in the category of Builder, in recognition of his more than four-decades of achievements and contributions to the sport.

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