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Peter Karmanos Jr. Statement on Allen & Co.

Team contracts Allen & Co. to help sell Thewes’ minority share

Monday, 05.24.2010 / 11:33 AM / News
By Terrell Williams
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Peter Karmanos Jr. Statement on Allen & Co.

RALEIGH, NC – Peter Karmanos, CEO/Owner/Governor of the National Hockey League’s Carolina Hurricanes, today issued the following statement about the team’s agreement with Allen & Co.

“My longtime business partner Tom Thewes passed away in September 2008, and I have been exploring options for a new minority partner for the team since that time,” said Hurricanes CEO/Owner/Governor Peter Karmanos. “The intent is in no way to sell the team. We simply hired Allen & Co. to assist us with the process of finding a new minority partner.

“Given the Hurricanes’ success as the only major professional team in a rapidly growing market, we feel confident that the results of this process can further strengthen our franchise’s bright future.”

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