Columnist: Potential new Hurricanes owner concerned with ‘revitalizing Raleigh as a hockey market’

Getty
9 Comments

The Carolina Hurricanes may have a potential new owner in Chuck Greenberg, the former CEO of the MLB Texas Rangers who also had interest in the NHL’s Dallas Stars.

A report Friday goes into further details about Greenberg’s motivation in purchasing the Hurricanes from Peter Karmanos, who has been exploring a sale of the team for quite some time now.

Previous reports indicate the agreement between the Hurricanes and Greenberg would keep the club in Raleigh, amid ages of speculation it may be a candidate for possible relocation to markets like Seattle or Quebec City.

From the Raleigh News and Observer:

Interviews with people close to Greenberg and others who have knowledge of the proposed purchase but requested anonymity because of the sensitivity of the talks paint a picture of a front man who would be deeply concerned with the fan experience and revitalizing Raleigh as a hockey market, but lacking the money to fund the purchase himself and reliant on a group of investors to get the deal done.

If the deal goes through, at a reported price of $500 million that likely includes a large amount of assumed debt while valuing the actual franchise closer to $300 million, Greenberg would move to Raleigh with the intention of making the team work here. That’s what Hurricanes fans long afraid of a move to Quebec City or Seattle during these years of ownership uncertainty as Karmanos has had the team on the market have been hoping to hear.

The Hurricanes won the Stanley Cup in 2006 but haven’t made the playoffs since 2009. Despite their postseason drought, Carolina is building quite a depth of young talent, most notably on defense. They could take another positive step forward next season, perhaps contending for a playoff spot. In a bid to bolster their goaltending situation, the Hurricanes also acquired and then signed former Chicago No. 2 netminder Scott Darling.