Menu
Franchises

Storm Front: Hurricanes Owner Karmanos Says He Has No Intention Of Selling Team

Hurricanes Owner Peter Karmanos yesterday said that the fact he has put the ECHL Florida Everblades and Germain Arena "on the market should not be interpreted as an indication he wants or has plans to divest all of his hockey interests," according to Chip Alexander of the Raleigh NEWS & OBSERVER. Karmanos said, "I like owning the Hurricanes." He added, "I keep saying we have one of the best arena deals in the league. We have one of the best facilities. We’re in one of the fastest-growing markets in the country. Why would we ever move?” The sale of the Everblades, the ECHL affiliate for the Hurricanes, was "announced late Monday." The 7,000-seat multi-purpose arena in which the Everblades play "also is being sold." When the deal is "completed, it will end Karmanos’ 15-year ownership of the team." Karmanos: “It was fun winning the championship last year. I just couldn’t get down to Florida as much as I would have liked. ... I’m 70 years old. I’d like to focus most of my energy on the Hurricanes.” Alexander notes Karmanos retains "majority ownership of the Hurricanes but has sold off a percentage of the team to investors" (Raleigh NEWS & OBSERVER, 5/1). In Raleigh, Luke DeCock writes after winning the Stanley Cup in '06, Hurricanes President & GM Jim Rutherford has "earned the right to call his shot." The decision to leave his position "should be his -- and it will be." Karmanos is "never going to fire Rutherford." But after the Hurricanes have missed the playoffs six times in seven seasons since winning the Cup, Rutherford "has to ask himself: Is he still the right man for the job?" While he "operates under the considerable financial constraints imposed by Karmanos," Rutherford "bears ultimate responsibility for several persistent and perennial failures" (Raleigh NEWS & OBSERVER, 5/1).

SBJ Morning Buzzcast: April 25, 2024

Motor City's big weekend; Kevin Warren's big bet; Bill Belichick's big makeover and the WNBA's big week continues

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2013/05/01/Franchises/Hurricanes.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2013/05/01/Franchises/Hurricanes.aspx

CLOSE