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Carolina Hurricanes Backed by NHL Amidst Relocation Rumors

Honestly, Caniacs should be nervous to some degree. The financial issues of the Hurricanes owner Peter Karmanos Jr. could spell some problems down the road. A lawsuit of over 100 million dollars plus is no cake walk to deal with for Karmanos.

While the lawsuit doesn’t effect the Hurricanes ability to operate, it does blow the doors wide open of who wants in on Carolina’s NHL franchise. Karmanos has asked for $420 million from a local investor with hopes of retain controlling interest and keeping the ‘Canes in Raleigh. Obviously, that hasn’t happened.

The added twist of the lawsuit makes Karmanos more likely to lower his already high evaluation of his club.