Carolina Hurricanes majority owner Tom Dundon has welcomed three new minority partners to the NHL team's ownership group. The new investors include former NHL player Bobby Farnham, asset management founder Brett Jefferson, and retired insurance executive Marc Grandisson.
RALEIGH, N.C. — The Carolina Hurricanes have expanded their ownership structure after majority owner Tom Dundon transferred portions of the NHL franchise to three new minority investors.
Team officials revealed Thursday that former professional hockey player Bobby Farnham, along with businessmen Brett Jefferson and Marc Grandisson, have become part of the organization’s ownership collective.
“Brett, Marc and Bobby are accomplished business executives whose experiences and knowledge will help us continue to grow our team’s success and impact,” Dundon stated. “Brett lives in the (area) and Marc will soon relocate to Raleigh, so their influence will be locally-based. As a former NHL player, Bobby is uniquely positioned to help our ownership group as we move forward.”
While the franchise chose not to reveal the purchase price, industry publication Sportico indicated last week that Dundon had reached an agreement to transfer 12.5% ownership valued at roughly $332.5 million, based on a $2.66 billion team valuation.
Dundon assumed control as Carolina’s primary owner in 2018 and secured complete ownership in 2021 after purchasing remaining shares from Peter Karmanos and other investors. This past summer, he spearheaded an investment group that acquired the NBA’s Portland Trail Blazers from Paul Allen’s estate.
Jefferson established his own asset management company, while Grandisson built his career as an insurance industry leader before retiring. The 37-year-old Farnham appeared in 67 NHL contests during his playing career before transitioning into private investment work.
According to the team, all three new owners will be presented to fans before Carolina hosts Pittsburgh on Wednesday evening.
Delaware DMV Adds Metal Detectors, Security Guards at All Locations
DelDOT Road Work Causes Single-Lane Traffic on Shipley Road This Week