Carolina Hurricanes could be sold as early as Thursday afternoon, owner says

Hurricanes sale in NHL Board of Governors' hands report says

"If I wanted to be positive, I'd say one of the things we kept harping on is we need another team in the (Western Conference) before we consider expanding in the East".

Still in addition to Seattle, Houston, where new Rockets owner Tilman Fertitta is eager to bring an NHL team to Toyota Center, and Quebec City, which lost out in expansion to Las Vegas, would be other potential landing spots for the Hurricanes, recently valued at $370 million, 27th in the 31-team league.

"I am thrilled to continue to build upon what Peter Karmanos started in Raleigh", Dundon said in a statement released Thursday evening.

Since the move to North Carolina, the Hurricanes have made five playoff appearances and won the Stanley Cup once.

Contacted by The Dallas Morning News, Dundon said late Thursday he'd like to put off discussing the deal in detail until after the transaction closes, which he expects to happen within the next month.

The team has been owned by Karmanos since 1994, when he purchased the Hartford Whalers.

"Tom has had tremendous success in business, and I fully expect that to continue as he takes control of the Hurricanes", Karmanos said in a statement.

The Hurricanes said Karmanos Jr. will maintain an equity stake in the team.

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"We like (the team) where it is", said Dundon, 46, who has to sign a standard consent agreement that bars him from moving the team for at least seven years.

Karmanos in 2015 said "we'd have to be idiots to move from here", largely because of the team's PNC Arena lease, which extends through 2024 and is considered one of the most team-friendly in the league.

The 2006 Stanley Cup champions have made the postseason only once (2009) since the club captured its lone title.

The Hurricanes team president spoke on the record last week, confirming that Dundon has an interest in Hurricane ownership.

Dundon, 44, is the former CEO and president of Santander Consumers USA Inc., a giant subprime auto lender that he founded and ran until July 2015.

Karmanos said having a majority owner committed to Raleigh was important.

Dundon is the majority owner of Employer Direct Healthcare and co-chairman of Topgolf, and is the Chairman and Managing Partner of Dallas-based private investment firm Dundon Capital Partners. The course was designed by Ben Crenshaw and Bill Coore, who oversaw the many changes to Pinehurst No. 2 before the 2014 U.S. Open and U.S. Women's Open. In May, it will become the new host of the AT&T Byron Nelson golf championship.

Dundon and Karmanos plan to keep the Hurricanes in Raleigh, N.C., despite the former's ties to Texas and the fact the Houston market would be attractive to the National Hockey League. Their next home game is December 16 against the Columbus Blue Jackets.

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