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Peter Karmanos Sells Carolina Hurricanes To Texas Billionaire

Peter Karmanos Sells Carolina Hurricanes To Texas Billionaire

Dallas billionaire Tom Dundon has signed a purchase agreement to buy a majority stake in the Carolina Hurricanes from longtime owner Peter Karmanos.

The team announced the agreement Thursday, and NHL Commissioner Gary Bettman said the team would not move.

The move marks the latest step toward the end of Karmanos' lengthy attempt to sell the team he moved from Hartford to North Carolina two decades ago, angering Whalers fans. Karmanos will retain an equity stake in the franchise.

Dundon is the 46-year-old former CEO of Santander Consumer USA, a Dallas-based lending firm. He's also an investor in the Top Golf chain of golf and entertainment facilities and a key...

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