Sport Who is Tom Dundon? What to know about the Hurricanes' prospective new owner

02:35  08 december  2017
02:35  08 december  2017 Source:   Sporting News

Noah Hanifin beats the clock, Hurricanes beat Panthers in overtime

  Noah Hanifin beats the clock, Hurricanes beat Panthers in overtime Hurricanes defenseman scores game-winning goal with two seconds left in overtime.With the game clock winding down to single digits, and the shootout looming, Hanifin followed up his own shot and calmly beat Panthers goalie James Reimer with only two seconds remaining in overtime, lifting the 'Canes to their third win in eight overtime contests this season.

Carolina Hurricanes sale to Chuck Greenberg apparently stalls; Dallas businessman Thomas Dundon now among suitors. New , 13 comments. Carolina Hurricanes owner Peter Karmanos has long maintained a preference that, even after selling some or all of the team, he would continue to have a

blog 'tylerjariyajarungpong.blogdetik.com' is not exists.

For the first time since the Islanders and Coyotes changed ownership in 2014, the NHL will welcome a new player to its exclusive group with the pending sale of the Hurricanes from longtime owner Peter Karmanos to Tom Dundon, a Texas billionaire and newcomer to the professional sports landscape.

NHL commissioner Gary Bettman announced the completion of a purchase agreement Thursday at the NHL's Board of Governors meeting in West Palm Beach, Fla., in which Dundon will buy a 52 percent stake in the Raleigh, N.C.-based franchise, valued around $500 million. Karmanos would retain a 48 percent minority stake.

Purslow: Quick Newcastle sale 'fanciful'

  Purslow: Quick Newcastle sale 'fanciful' Newcastle owner Mike Ashley could be forced to wait until the end of the season for a takeover to be completed, according to Christian Purslow.Newcastle owner Mike Ashley could be forced to wait until the end of the season for a takeover to be completed, according to former Liverpool managing director Christian Purslow.

blog 'kathyknight.blogdetik.com' is not exists.

blog 'anthonywherry.blogdetik.com' is not exists.

MORE: The NHL is political, whether you like it or not

The deal hasn't closed and won't become official until a formal vetting process takes place, but the news signals the end to the Hurricanes' long-rumored sale.

So, who is Dundon? And, most importantly, is the franchise in danger of relocating from its home of 20 years?

Fore!

a group of people racing each other on a snow covered field: Carolina Hurricanes © (Getty Images) Carolina Hurricanes

While the Dallas-based businessman is likely anonymous to most hockey fans, you've probably heard about his most successful venture.

Dundon, 45, is the primary investor in Top Golf, the wildly popular franchise of tricked-out recreational driving ranges popping up around the country. The closest Top Golf to Raleigh recently opened across the state in Charlotte, but it's a safe bet one will arrive to the Triangle soon enough.

Katy Perry wins big in convent battle

  Katy Perry wins big in convent battle Katy Perry has won a major victory in her battle to take over a Los Feliz convent in Los Angeles. The singer and Archdiocese of Los Angeles officials have been awarded a share of $10 million (GBP7.4 million) after winning punitive damages in a dispute over the former home of the Sisters of the Most Holy and Immaculate Heart of the Virgin Mary. A jury previously ordered local businesswoman Dana Hollister to pay more than $5 million (GBP3.7 million) in compensatory damages for interfering in the sale of the convent, and on Monday (04Dec17), Christmas came early for the plaintiffs as they were awarded $10 million in punitive damages. Lawmakers awarded $6.6 million (GBP4.9 million) to the archdiocese and $3.3 million (GBP2.45 million) to Roar singer Perry. "We're obviously very pleased," Perry's attorney Eric Rowen said outside court. Last month (Nov17), a jury found Hollister, who challenged Perry over the sale of the convent, guilty of slander of title, interference with contractual relations and interference with prospective economic advantage, and awarded the archdiocese $3.47 million (GBP2.8 million) and Perry almost $1.6 million (GBP1.2 million) in compensatory damages. The jury members also ruled Hollister acted with malice. She claimed she agreed the sale of the former convent through the co-operation of Sisters Rita Callanan and Catherine Rose Holzman, who maintained they had the authority to sell the property.

Remember me · Forgot password? New to Twitter? Sign up. frank_seravalli's profile. Say a lot with a little. When you see a Tweet you love, tap the heart — it lets the person who wrote it know you I’ve heard rumors of Dundon moving the canes to Jacksonville, Fl #Sources. 2 replies 0 retweets 0 likes.

blog 'courtneyelliott.blogdetik.com' is not exists.

Dundon's exact net worth isn't public information, but his history of business dealings point to well above $1 billion. Dubbed a “brilliant executive and investor" in a 2015 Dallas Morning News story, he made his fortune as CEO of Santander Consumer USA, a company which provides auto loans to buyers with poor credit. He stepped aside as Santander CEO in 2015, walking away (under scrutinous circumstances) with his 10 percent stake worth about $900 million, and started the Dallas investment firm DCP.

Dundon's most successful investment to date, without question, has been with Top Golf, a private company which carries an approximate valuation north of $2.7 billion.

MORE: Forbes releases annual NHL franchise valuations

Will the Hurricanes relocate?

In terms of moving the Hurricanes, Dundon told TSN Thursday "we like it where it is."

Take it as public posturing if you will, but Karmanos, who bought the Whalers in 1994 and moved the franchise from Hartford, Conn., to Raleigh in 1997, has maintained he would only sell his majority stake to a buyer who agreed to stay put. The agreement reportedly includes a standard clause which prevents Dundon from moving the team within seven years of purchase.

Joseph Parker's promoter claims Anthony Joshua's bubble will burst

  Joseph Parker's promoter claims Anthony Joshua's bubble will burst Joseph Parker's promoter has called Anthony Joshua's fans "brainwashed" and claimed the IBF and WBA world champion's bubble will burst.Joseph Parker's promoter has called Anthony Joshua's fans "brainwashed" and claimed the IBF and WBA world champion's bubble will burst.

blog 'gregmohney.blogdetik.com' is not exists.

blog 'brandydominguez.blogdetik.com' is not exists.

The Hurricanes turned a $3 million profit in 2017, according to Forbes, but a decade of financial hardship has made the franchise prime fodder for relocation rumors. Coincidentally, the team's sweetheart lease to play at PNC Arena runs until 2024. That's not necessarily a sign of things to come, but a lot can change in seven years and the building will be 25 years old by then.

"The real consideration was, am I going to buy a franchise that operates in Raleigh, not buy a franchise that I can perhaps move somewhere else?" Karmanos said, referring to Dundon's thinking during the negotiation process.

Bettman reiterated the team is to remain in Raleigh long term.

“This is not a team that will be moved," he said.

NFL takes over investigation of Panthers owner Jerry Richardson .
The Panthers can't make public comments on any specifics surrounding the accusations since they are under legal review.According to ESPN, the league will retain an outside counsel to conduct the probe after the team announced its investigation into Richardson on Friday. The Panthers had initially retained Quinn Emanuel Urquhart and Sullivan, LLP.

Source: http://uk.pressfrom.com/news/sport/-227988-who-is-tom-dundon-what-to-know-about-the-hurricanes-prospective-new-owner/

—   Share news in the SOC. Networks

Topical videos:

This is interesting!