Tom Dundon becomes sole owner of Carolina Hurricanes

The NHL’s Board of Governors has unanimously approved Tom Dundon as sole owner of the Carolina Hurricanes after he purchased all remaining minority shares. That includes those owned by the previous majority shareholder Peter Karmanos, and as the press release indicates, makes this the first time that Karmanos has not owned a piece of the franchise since 1994.

Quite simply, Dundon reiterated his desire to see the Stanley Cup return to Raleigh:

We are fortunate to have a passionate fan base that supports what we believe is a team that can compete every year for the Stanley Cup. That is the only option.

Dundon purchased a majority of the team in 2018 and restructured both the business and hockey operations departments. Since, the team has reached the playoffs three times, even making it as far as the Eastern Conference Final in 2018-19. The group of players currently on the roster has made an impactful connection with a rejuvenated fan base, while franchise icon Rod Brind’Amour quickly became one of the most beloved head coaches in team history.

Once again, Dundon will be asked to make a financial commitment to the team this summer as they currently have just 12 players under contract for next season. Young star Andrei Svechnikov is a restricted free agent for the first time, while veteran leaders like Jordan Martinook, Dougie Hamilton, and Petr Mrazek are all unrestricted free agents. Though it is unlikely all of those names will be returning, the Hurricanes are in a strong position to take advantage of the free agent market and add some support to their strong foundational pieces.