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Chuck Greenberg’s Ownership History Bodes Well for the Carolina Hurricanes

July 13th, 2017 at 6:58 PM
Aggregated By Sports Media 101

Photo by Jim McIsaac/Getty Images

In what has already been an uncharacteristically busy summer for the Carolina Hurricanes, the move that has perhaps been the longest-awaited is reportedly in the works, as the team has signed a letter of intent to sell. Chuck Greenberg, the former CEO and managing partner of the Texas Rangers, will buy the Hurricanes for $500 million, according to Scott Soshnick, a Bloomberg sports business reporter.

Owner Peter Karmanos Jr. has said that he is open to selling the team (after years of an unofficial but well-founded understanding that the team was on the market), but was looking for a buyer to keep the team in Raleigh, among other stipulations. It seems he has found said buyer in Greenberg, a sports attorney who currently owns three Minor League Baseball teams.

What sticks out about Greenberg, though, are his noteworthy hockey connections. He began his career in 1998 as a sports lawyer in Pittsburgh, Pennsylvania with Cohen and Grigsby P. C. and Pepper Hamilton LLC for 13 years, where he essentially saved the Pittsburgh Penguins by facilitating the sale of the then-bankrupt team to Mario Lemieux and his ownership group as well as the creation of what is now PPG Paints Arena.

Greenberg was also in on the sale of the Dallas Stars in 2011 as a potential buyer, but decided against the purchase after the team could not secure a long-term TV agreement.

Read Original Post at
https://www.canescountry.com/2017/7/13/15966750/carolina-hurricanes-sale-chuck-greenberg-peter-karmanos-ron-francis-relocation-texas-rangers

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Tags: Carolina Hurricanes, Greenberg is known for his down-to-earth, fans-first approach to running a team, It worked out well, July 13, 2017, MLB playoffs, October 22, 2011, Pittsburgh Penguins, Rangers

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