RALEIGH, N.C. (AP) — Tom Dundon has sold part of the NHL’s Carolina Hurricanes to three new minority owners.
The team announced Thursday that Brett Jefferson, Marc Grandisson and retired hockey player Bobby Farnham had joined the ownership group.
Advertisement
“Brett, Marc and Bobby are accomplished business leaders whose experiences and knowledge will help us continue to grow the success and impact of our team,” Dundon said. “Brett lives in the (area) and Marc will be moving to Raleigh soon, so their influence will be local. As a former NHL player, Bobby is in a unique position to help our ownership group as we move forward.”
The Hurricanes did not disclose financial terms. Sportico reported last week that Dundon agreed to sell 12.5% at a valuation of $2.66 billion for approximately $332.5 million.
Dundon led a group last summer that purchased the NBA’s Portland Trailblazers from the estate of Paul Allen. Dundon was Majority owner of Carolina since 2018 and took sole possession of the club in 2021 when he bought out the remaining shares held by Peter Karmanos and others.
Jefferson founded an asset management company. Grandisson, now retired, worked as an executive in the insurance sector. Farnham, who is just 37 years old, played 67 games in the NHL before entering the private investment business.
The Hurricanes said they will be introduced before their home game against Pittsburgh on Wednesday.
___
AP NHL: https://apnews.com/hub/nhl
