Carolina Hurricanes Sell Stake for $2.66B

0:00This is Corey with NHL News Today, powered by the Daily News Now. Subscribe for daily updates on your team. Caroline Aheracane's owner, Tom Dundin, is close to selling a 12.5% stake in the team, which values the franchise at $2.6 billion. Three unnamed investors are joining as minority partners, making this one of the biggest deals in national hockey league history. Just a few transactions have hit numbers this high. At the partial sale in Montreal, two years back, and Toronto's spot in a larger sports group, valuation. Team reps aren't commenting on the details or any connections to other sales. Dundin bought the hurricane seven years ago for $420 million when they were missing playoffs for nine straight years, and drawing tiny crowds of just over 13,000 fans per game. Under his lead, the team has made the playoffs every single season, reaching conference finals three times. Independence now ranks top 10 league-wide, with sellouts for over 100 straight home games

1:01and averages above 18,700. Revenues have boom too, from season tickets tripling, corporate deals nearly tripling, and premium seats quadrupling. Plus, Dundin grabbed development rights for 80 acres around the arena, setting up even more growth down the road. This story is made possible by our sponsor. No earbuds, no headbands, no awkward sleeping positions, just a pillow that plays your sound. S-O-L-I, solelypillow dot com.