SBD/July 17, 2017/Franchises

Proposed Sale Of Hurricanes Leaves Several Questions, Including Chuck Greenberg's Role

It is unclear whether Greenberg would be the face of the Canes' group or majority owner
The proposed sale of the Hurricanes has "left more questions than answers," including whether former MLB Rangers CEO Chuck Greenberg "would be the majority owner, holding the largest financial stake in the team," according to Chip Alexander of the Raleigh NEWS & OBSERVER. While some Hurricanes investors "privately have raised questions both about the reported price" of about $500M and Greenberg’s position within the potential ownership group, it is unclear whether he would "be the 'face' of the group or majority owner." It is also unknown whether a sale would include the ECHL Florida Everblades and their arena in Ft. Myers, Fla., which is also owned by current Hurricanes Owner Peter Karmanos (Raleigh NEWS & OBSERVER, 7/15). In Raleigh, Luke DeCock offered four ways a "new owner could improve the Hurricanes." The new owner could "build a new practice rink." The Hurricanes have been practicing at Raleigh Center Ice since '00, but it "falls far below what are now NHL standards." The new owner also could "help grow hockey in the Triangle and North Carolina -- at all levels." They also need to "figure out the arena situation, one way or another." PNC Arena has "generally aged well, but as it approaches 20, it’s finally starting to show a few signs of wear compared to its newer, higher-tech peers." Bonds need to be rebuilt with the community, as "despite many promises to move to Raleigh on at least a part-time basis, Karmanos has always remained in Detroit." Having an owner who is "engaged in daily face-to-face contact with Triangle business leaders and influencers would make a huge difference" (Raleigh NEWS & OBSERVER, 7/15).
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