Carolina Hurricanes Sold to Former Texas Rangers Owner Chuck Greenberg

Carolina Hurricanes Sold to Former Texas Rangers Owner Chuck Greenberg

Chuck Greenberg, the former part owner and CEO of the Texas Rangers, is reportedly closing in on a $500 million purchase of the NHL's Carolina Hurricanes.

Carolina Hurricanes owner Peter Karmanos Jr. said Thursday he has received an offer to sell the team.

According to Soshnick, the transaction would be valued at $ 500 million. Karmanos stated back in January that he would be open to selling the organization that he has owned for 23 years. He had been publicly seeking a local buyer for at least three years.

In the traditional point of press surrounding the weekend of the stars, the commissioner Gary Bettman has tried to be convincing on this topic by ensuring that the "Canes" will remain in Raleigh, putting a cross on the scenario of a relocation.

Greenberg is the Rangers' former managing partner who spent seven months as their CEO before leaving in 2011.

USA Today is reporting the Carolina Hurricanes will be sold for $500 million United States, the same amount as the expansion fee paid by the Las Vegas group. In Forbes' most recent list of valuations, the Hurricanes were valued at around $230 million, which was the lowest valuation of any American team now in the National Hockey League.

The Hurricanes have been in Carolina the past 20 years after relocating from Hartford in 1997.

The best way to improve those numbers, of course, is with a winning team - and it's been a while since Carolina had one.

The Hurricanes won the Stanley Cup in 2006, but haven't made the playoffs in the past eight seasons.



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