$500M sale of Carolina Hurricanes in works

$500M sale of Carolina Hurricanes in works

Carolina Hurricanes majority owner Peter Karmanos Jr. has signed a letter of intent to sell the National Hockey League team to an investor group led by former Texas Rangers CEO Chuck Greenberg. The deal could be worth close to $500 million. According to Bloomberg, the Carolina Hurricanes would stay in Raleigh, with Greenberg splitting his time between the Triangle and Dallas.

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