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Hurricanes Sell Stake for $2.66B, New Owners Stay Mum
Description
The Carolina Hurricanes have sold a 12.5% stake in the franchise to new minority owners, valuing the team at $2.66 billion and netting owner Tom Dundon $332.5 million. This sale comes after Dundons failed attempt to buy the Portland Trail Blazers. The Hurricanes value has surged from $545 million in 2021 to $1.92 billion in 2025, ranking them 15th in the league. Fans are experiencing this growth through increased ticket prices and arena renovations, while Dundon remains committed to bringing an MLB team to Raleigh, North Carolina. The new investors have yet to be named.
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