Hurricanes owner agrees to sell, National Hockey League commissioner says team won't move

Hurricanes sale in NHL Board of Governors' hands, report says

Houston Rockets owner Tilman Fertita has expressed an interest in adding an National Hockey League team to Toyota Center but Bettman added: "The club are not going anywhere with Mr. Dundon's purchase, and for those of you who know geography, the fact that he lives in Dallas and that happens to be in the same state as Houston has nothing to do with anything". "From everything I know viscerally, I think it will be a good market".

The NHL still has to approve the sale.

Bettman added relocation of an existing team could also be an option, but not one the league is considering at the moment. This news comes after months of negotiations with a group headed by sports attorney Chuck Greenberg.

Seattle Mayor Jenny Durkan on Wednesday signed an agreement with a developer to renovate KeyArena after city council approved a memorandum of understanding with Los Angeles-based Oak View Group to privately finance a roughly US$600-million remodel of the venue earlier this week.

Thursday, team president Don Waddell announced Dallas businessman Tom Dundon has signed an agreement to purchase a majority stake of the team from current owner Peter Karmanos Jr.

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"I am thrilled to continue to build upon what Peter Karmanos started in Raleigh", Dundon said in a statement released Thursday evening. "We want to work together".

Karmanos, who would maintain a minority stake under the proposal, says approval of the deal could happen by the end of the day after the full board of governors meet.

Bettman said the transaction was not completed but could be in the next few weeks. That would change if Dundon created a new entity to operate the team and arena.

Working in Raleigh's favor, at least in the near term: a very friendly arena agreement.

Still in addition to Seattle, Houston, where new Rockets owner Tilman Fertitta is eager to bring an NHL team to Toyota Center, and Quebec City, which lost out in expansion to Las Vegas, would be other potential landing spots for the Hurricanes, recently valued at $370 million, 27th in the 31-team league. He also is majority owner of Employer Direct Healthcare and serves as the co-chairman of Dallas-based Topgolf. Bettman said at the All-Star game in January that "the club is not moving" and NHL deputy commissioner Bill Daly echoed that sentiment by saying the league is committed to Raleigh in the same manner it has stuck with the Phoenix area during years of struggles for the Coyotes.

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