Carolina Hurricanes owner Peter Karmanos looks to sell at least half of team

canes.jpgThe Carolina Hurricanes look like they might join the group of NHL teams looking for new ownership – at least in some form. The Triangle Business Journal reports that Canes owner Peter Karmanos hired Allen & Co. (the group that advised in the sale of sports teams such as the Pittsburgh Penguins) to sell 50 percent of the Hurricanes.

“My partner, Tom Thewes, passed away two years ago, and we have been putzing around trying to figure [out] how to replace the partner,” said Hurricanes owner Peter Karmanos, who currently controls 100 percent of the franchise. “We just went to Allen & Co. to explore the different ways. It’s certainly not to sell the team.”

The report notes, though, that buyers often want full control rather than “half” control when making such an investment. Karmanos, of Michigan, reportedly would prefer to add a local presence which means that they will first looking into potential owners in the North Carolina area.

Another important note, though, is that there can be a “too many cooks in the kitchen” mentality to 50-50 ownership situations.

How a 50-50 partnership would be structured for the Hurricanes is uncertain. There are only a handful of similar arrangements in sports. The Tisch and Mara families peacefully co-own the New York Giants, with the Maras handling football operations and the Tisches overseeing business operations. On the other side, George Gillett and Tom Hicks’ co-ownership of Liverpool FC has been stormy, and the duo is currently trying to sell the team.

My take is like with any collaboration, it’s important for everyone to have clearly defined roles. At least if you want to have some semblance of peace.

Naturally, this is very early in the situation, so exact details are scarce. We’ll keep you up to date on the potential (partial?) sale of the Hurricanes, along with the scenarios for the Coyotes, Thrashers, Stars and any other teams who might look for new owners as reports filter in.

(H/T to Kukla’s Korner)

Scroll Down For:

    Video: Weise records Gordie Howe hat trick after spirited scrap with Hamonic

    Leave a comment

    Thursday’s game between the New York Islanders and Philadelphia Flyers wasn’t even nine minutes old by the time Dale Weise had recorded the Gordie Howe hat trick.

    Already with the opening goal and an assist on Radko Gudas‘ goal, giving Philly a 3-0 lead, Weise dropped the gloves with Islanders defenseman Travis Hamonic for a spirited fight off a faceoff.

    Not many, if any, positives for the Islanders after a disastrous start. Needing a win to close the gap on the Boston Bruins in the wild card race, New York fell behind 5-0 by the time the first period was over.

    There is perhaps even more bad news for the Islanders: Hamonic wasn’t on the bench to begin the second period.

    The Islanders have since provided an update: Hamonic will not return to this game due to an upper-body injury.

     

     

    The Islanders are off to a disastrous start in Philly, Flyers chase Greiss

    Leave a comment

    Talk about the worst possible start for the New York Islanders.

    Trailing the Boston Bruins by four points for the final wild card spot in the Eastern Conference, the Islanders lived through a nightmare to begin Thursday’s game, falling behind the Philadelphia Flyers by a score of 4-0 — before the midway point of the first period.

    Dale Weise started the scoring at 4:30 of the first period. By the 9:19 mark, the Flyers opened up a four-goal lead and had already chased Islanders starting goalieThomas Greiss, who allowed three goals on eight shots.

    Jaroslav Halak was brought into the game and promptly surrendered a goal to Jordan Weal.

    It continued to get worse for the Islanders, who finished the first period trailing by five goals. Shots? They were 19-10 in favor of Philly. Yup. It was bad.

    With Josh Ho-Sang in the box serving a double-minor for high sticking, Wayne Simmonds gave Philly a 5-0 lead with his 30th goal of the year.

    Shaping up to be a long night for the Islanders.

    Karlsson’s ironman streak comes to an end as Sens visit Wild

    Getty
    Leave a comment

    For the first time since the lockout-shortened season, the Ottawa Senators will not have star defenseman Erik Karlsson in their lineup.

    With the Sens four points back of Montreal for the Atlantic Division lead, Karlsson will not play tonight versus the Minnesota Wild, which ends his ironman streak at 324 consecutive games played.

    Karlsson trails Brent Burns by only five points for the lead in that category among NHL defenseman. He also logs close to 27 minutes of ice time per game. Only three blue liners in the entire league — Dustin Byfuglien, Drew Doughty and Ryan Suter — play more on average per game.

    The injury reportedly occurred when Karlsson blocked a shot against the Philadelphia Flyers on Tuesday. Trade deadline acquisition Jyrki Jokipakka is expected to make his debut for Ottawa, per the Citizen.

    “If we miss him for a game or two, we’re not sure what’s going to happen,” forward Mark Stone told the Ottawa Citizen. “He’s the best defenceman in the world. If you take him out of your lineup, it’s obviously a huge blow.”

    WATCH LIVE: Stars at Bruins

    Getty
    Leave a comment

    The Boston Bruins hold the final wild card spot in the Eastern Conference, and they will look to continue their push for the playoffs when they host the Dallas Stars on Thursday.

    You can catch the game on NBCSN (7:30 p.m. ET) or online with NBC Sports’ Live Extra.

    CLICK HERE TO WATCH LIVE

    Here are some links to check out for tonight’s game:

    McAvoy has the talent to improve Bruins right now

    NHL on NBCSN: Bruins continue push for playoff spot against Stars

    Stars go deeper than rock bottom in Ruff’s ‘worst game’ with team