Monday, May 24, 2010

Karmanos Looking To Sell Half Of The Canes


Carolina Hurricanes owner Peter Karmanos, Junior says he has hired an investment bank to help him find a minority partner.

Karmanos issued a statement Monday confirming the hiring of Allen & Co. but said "the intent is in no way to sell the team."

He says he has been exploring options for finding a minority partner since general partner Thomas Thewes died in 2008, and said Allen & Co. was hired "to assist us with the process."

Here's Karmanos talking about hosting the 2011 All-Star Weekend- a good opportunity to showcase the Raleigh community to the league ((and to anyone interested in picking up the half Karmanos is interested in putting on the block...))

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