Habaneros
Habs Cup champs 2010
- Oct 31, 2011
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Since I suck in financial stuff, Dundon is a 52% owner of the canes, wouldn't one of the other owners possibly step up cash wise?
click here>Carolina Hurricanes Sold To Tom Dundon For $420 Million
Tom Dundon has purchased the Carolina Hurricanes and the operating rights to PNC Arena for $420 million.
Dundon now owns 61% of the Hurricanes with outgoing owner Peter Karmanos retaining 39%. Dundon has an option to purchase the remainder of the team in three years at a significantly higher enterprise value.
The Hurricanes now have a much stronger balance sheet. Prior to the sale the team was saddled with some $260 million of debt. The team's debt is now roughly $100 million.
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