Peter Karmanos has owned the Carolina Hurricanes since 1994, back when they were the Hartford Whalers. Now 71 years old, he doesn’t intend to own them forever, which is surprising, because we always figured he was rich enough find a vampire and acquire immortality, like that guy on “The Strain.”
But Karmanos tells Rick Westhead of TSN that he’s actively looking for a new ownership partner, working with New York investment bank Allen & Co. to find someone that will commit “hundreds of millions of dollars into the team but let me control it.” Which sounds like a pretty sweet deal if you can get it.
"What I am trying to do is set up a reasonable succession plan because I'm not one of those guys who thinks I am going to go on forever," Karmanos told TSN.
"I'd like to have a partner again...but someone will have to pay dearly for it. (The Hurricanes are) a valuable franchise despite what some of your folk in Canada say about them. I don't see a basketball or baseball or football teamRead More »from Hurricanes owner values team at $420 million, wants investor ‘successor’