Karmanos sells Hurricanes
Dallas billionaire Tom Dundon has signed a purchase agreement to buy a majority stake in the Carolina Hurricanes from longtime owner Peter Karmanos (Detroit).
The team announced the agreement Thursday, and NHL commissioner Gary Bettman said the team would not move.
The move marks the latest step toward the end of Karmanos’ lengthy attempt to sell the team he moved from Hartford, Connecticut, to North Carolina two decades ago. Karmanos will retain an equity stake in the franchise.
Dundon is the 46-year-old former CEO of Santander Consumer USA, a Dallas-based lending firm.
He’s also an investor in the Top Golf chain of golf and entertainment facilities and a key financier of a new golf course in Dallas.
MORE HOCKEY: NHL commissioner Gary Bettman says the league’s board of governors has agreed to consider an expansion application from Seattle.
Bettman said the expansion fee has been set at $650 million for Seattle, which would become the league’s 32nd team, if approved. He made the announcement Thursday after the first day of the board of governors meeting.
Bill Foley paid a $500 million expansion fee for the Vegas Golden Knights. Seattle plans to have a new arena ready by 2020.
BASEBALL: The Cubs took their first major step toward addressing their starting pitching Thursday by signing free agent Tyler Chatwood to a three-year contract worth $38 million.
Chatwood is 40-46 with two saves and a 4.31 ERA with the Angels and Rockies.
BASKETBALL: LaVar Ball says his younger sons LiAngelo and LaMelo have signed with an agent, ensuring neither will play in the college ranks.
Oldest son Lonzo is the only Ball brother to have played in college, completing one season at UCLA before being taken by the Los Angeles Lakers.
SOCCER: Real Madrid forward Cristiano Ronaldo has won the Ballon d’Or award as soccer’s best player of the year for a record-equaling fifth time, moving him level with Barcelona star Lionel Messi.