Rachel Barkley
The Carolina Hurricanes have a new trio of minority owners, per a report from Sportico. Tom Dundon, who bought the Hurricanes in 2018, sold a 12.5% stake in the $2.66B franchise for an estimated $332.5M.
Dundon first put the Hurricanes stake on the market in early December to free up more money to purchase the NBA’s Portland Blazers, per WRAL investigative sports reporter Brian Murphy.
Between 2021 and 2025, the Hurricanes’ value went from $545M to $1.92B, ranking from 28th in the NHL to 15th in Sportico’s yearly valuation list. Additionally, 2025 saw a 49% jump from the previous year’s $1.29B valuation.
The Blazers, which Dundon began his pursuit of the professional basketball team last August, rank 22nd out of 30 teams in valuation and are worth $4.25 billion, per Forbes. For reference, the Blazers are valued at $750M more than 30th’s Memphis Grizzlies ($3.5M), while first place’s Golden State Warriors ($11M) are worth $6.5M more than the Blazers.
Following the announcement of the Blazers purchase, WCNC reported that a Hurricanes spokesperson confirmed that Dundon remains committed to bringing an MLB franchise to Raleigh, N.C.
Currently, the three investors reported to have bought into the Hurricanes remain anonymous.
The news comes amidst massive renovations to increase capacity, and as season ticket members have reported a significant price increase per renewal notices for the next season.
