Karmanos still not sure offer to buy Hurricanes 'cuts the mustard' | ProHockeyTalk

Peter Karmanos is willing to give Chuck Greenberg some time to put his investment group together.

But in an interview with Chip Alexander of the Raleigh News & Observer, Karmanos wanted to be clear that he has not yet agreed to sell the Carolina Hurricanes.

Before a transaction is finalized, there are still a few stumbling blocks to get over.

From Alexander’s conversation with Karmanos:

Karmanos says 11 or 12 groups have expressed interest in buying team. He says he's allowing Chuck Greenberg time to put together his group.

— Chip Alexander (@ice_chip) August 1, 2017

Karmanos: "Once (Greenberg) has done that we'll examine whether his offer cuts the mustard." Says he likes Greenberg.

— Chip Alexander (@ice_chip) August 1, 2017

Karmanos says sales price may "shake out" to between $450 million and $500 million. Adds, "If I have to go back, the price is going up."

— Chip Alexander (@ice_chip) August 1, 2017

Karmanos says if he has to wait, the price may rise to $550 million or $600 million, noting if Canes have successful season value increases.

— Chip Alexander (@ice_chip) August 1, 2017

So there’s still a ways to go before the ‘Canes have a new owner that’s willing to keep the team in Raleigh.

First, Greenberg has to raise the money — and a few weeks ago, it was reported he was “not even close” to doing that.

Then, if Greenberg does manage to pull the funds together, a purchase agreement has to be reached that satisfies both sides.

In other words, a lot could still go wrong in this process.

Fingers crossed, ‘Canes fans.