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flag Carolina Hurricanes owner Tom Dundon sells 12.5% stake, valuing team at $2.66B amid playoff success and potential NBA team purchase.

flag Carolina Hurricanes owner Tom Dundon has agreed to sell a 12.5% stake to three new minority partners, valuing the team at $2.66 billion, a substantial increase from his $420 million purchase in 2018. flag The franchise has seen major success since then, with consistent playoff appearances, sellout crowds, and strong performance in the 2025-26 season, including a nine-point lead in the Metropolitan Division and the best points percentage in the Eastern Conference. flag The identities of the new investors and Dundon’s reasons for the sale remain undisclosed. flag The transaction occurs amid reports of Dundon’s involvement in a group aiming to buy the NBA’s Portland Trail Blazers for $4.25 billion, a deal expected to close soon.

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