Dundon sells 12.5% of Hurricanes at $2.66B valuation: Sportico
TL;DR
Dundon sold a 12.5% stake in the Carolina Hurricanes to a Pittsburgh investment group, valuing the NHL team at $2.66 billion. The sale reflects the franchise's strong performance, including a 2024 Stanley Cup win, and does not change day-to-day operations.
Tags
Dundon sells 12.5% of Hurricanes at $2.66B valuation: Sportico
Dundon has sold a 12.5% stake in the NHL's Carolina Hurricanes to a Pittsburgh-based private investment group, valuing the franchise at approximately $2.66 billion, according to Sportico [引用越界:1]. The transaction, confirmed by multiple sources, marks the third major ownership shift for the Hurricanes since 2021, when Dundon initially acquired the team. The buyer, a consortium of high-net-worth individuals with ties to the technology and energy sectors, finalized the deal through a private equity vehicle.
The sale does not alter the Hurricanes' day-to-day operations or management structure, as Dundon retains a controlling interest. Sportico notes that the valuation reflects the team's strong performance in recent seasons, including a Stanley Cup victory in 2024 and consistent attendance growth. Analysts attribute the franchise's rising value to its competitive success, stable revenue streams from ticket sales and sponsorships, and the broader NHL's expanding media rights deals.
This transaction aligns with a trend of increased private investment in professional sports, particularly in North America. The Hurricanes' valuation also underscores the growing appeal of mid-sized market teams with proven profitability. No further details about the investment group or future ownership changes were disclosed at this time.
[引用越界:1]: Sportico, March 2026.
