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Greenberg to Purchase Hurricanes for $500 Million

July 13th, 2017 at 4:29 PM
Aggregated By Sports Media 101

Reports are that Chuck Greenberg, former CEO and partnership owner of the Texas Rangers baseball organization, is set to purchase the Carolina Hurricanes of the NHL for approximately $500 million. The deal means Greenberg will be paying close to double Forbes value of the franchise and about what Bill Foley paid to bring the Vegas Golden Knights to the NHL.

According to Bloomberg’s Scott Soshnick, the deal would keep the Hurricanes in Carolina under the new ownership.

Current Hurricanes Ownership Ready to Sell

Peter Karmanos Jr. is currently the majority owner of the Hurricanes,┬áhaving taken over the team in 1994 when they were then known as the Hartford Whalers. At the time, he purchased the team for $47.5 million. He moved the franchise to Raleigh, North Carolina ahead of the 1997-98 season and now owns the team along with 18 minority …

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Tags: Carolina Hurricanes, Chuck Greenberg, News, Peter Karmanos Jr, Top Story

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