Overview
- Front Office Sports reports Dundon is in talks with potential investors to sell a minority stake in the Carolina Hurricanes to raise cash for the Portland Trail Blazers deal.
- CNBC’s Mike Ozanian says Dundon is close to selling a significant limited-partner stake at a roughly $2 billion team valuation.
- The Hurricanes declined to comment, and neither the size of the stake nor the prospective buyers have been disclosed.
- A $2 billion mark would rank among the highest NHL franchise valuations, following recent benchmarks for the Canadiens and Lightning.
- Dundon’s Blazers acquisition is structured to close in stages with backers including Marc Zahr, the Cherng family and Sheel Tyle, and a related lawsuit was withdrawn after a settlement.