Trending Now - Hurricanes Welcome New Minority Stakeholders in Ownership Group

WHO:

Tom Dundon, majority owner of the NHL's Carolina Hurricanes

Brett Jefferson, new minority owner, founder of an asset management firm

Marc Grandisson, new minority owner, retired executive in the insurance industry

Bobby Farnham, new minority owner, retired NHL player, age 37

WHAT:

Tom Dundon sold a portion of the Carolina Hurricanes to three new minority owners

The ownership stake sold was 12.5%

The valuation of the team was reported at $2.66 billion

The financial terms of the sale were approximately $332.5 million

The new owners will be introduced prior to a home game against Pittsburgh on March 18th, 2026

WHERE:

Raleigh, North Carolina, home of the Carolina Hurricanes

WHEN:

The announcement of the new minority owners was made on Thursday, March 10th, 2026

Tom Dundon became the majority owner of the Hurricanes in 2018

Dundon took sole possession of the club in 2021

WHY:

Tom Dundon stated that the experiences and knowledge of the new owners will help grow the team's success and impact

HOW:

The sale was reported by Sportico, indicating the financial details of the transaction

(UPDATED March 12, 2026 23:07 UTC)

In a significant move for the Carolina Hurricanes, Tom Dundon has sold a 12.5 percent stake in the team to three new minority owners, including Brett Jefferson, Marc Grandisson, and Bobby Farnham, with the sale valued at approximately $332.5 million. The announcement was made last Thursday, and the new owners will be formally introduced before the home game against Pittsburgh on March 18th. Dundon, who became the majority owner in 2018 and took full control in 2021, believes that the expertise of the new owners will contribute to the team's growth and success.