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News

Hurricanes Stake Sale Gets NHL Owners' Green Light

Tom Dundon cashes in on his Carolina masterstroke as NHL owners approve his 12.5% stake sale at a jaw-dropping $2.66 billion valuation, bringing three mystery investors into the fold. The guy who scooped up a playoff-less franchise for $420 million seven years back has turned it into one of hockey's crown jewels, with sellouts and soaring revenues proving the model's genius.

Teams:Carolina Hurricanes
23 days ago via Sportico.com

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