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Karmanos: lot of interest in share of team

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LOS ANGELES -- Carolina Hurricanes majority owner Peter Karmanos Jr. said today he was making progress in finding potential investors but was not yet close to selling 49 percent of the team.

"Closer," he said, smiling, putting an emphasis on the "er."

Karmanos also said it's more possible a investor in the Triangle might be secured.

"We have a lot of interest from a lot of people around the Raleigh area," he said, without naming names.

Karmanos said he believed that could be the outcome and hoped it would, saying, "That's my preference."

Karmanos has hired Allen & Co., a New York investment firm, to handle the transaction. Karmanos' longtime business partner, Thomas Thewes, died in September 2008, and Karmanos is helping with the sale of Thewes' 49-percent share of the team for estate purposes.

Karmanos, who has owned the franchise since 1994 and moved it to Raleigh in 1997, again insisted he was not interested in selling 100 percent of the team.

"I never said I was selling the whole team," he said. "I said what I'm trying to do is take care of my partner's estate. He owned 49 percent of the team."

Karmanos said he hoped to have the sale completed by the end of the summer, but added, "I don't like putting time frames on things like that."

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About the blogger

A Raleigh native, Chip has worked at the N&O since 1979 and is the Canes beat writer. He can be reached at chip.alexander@newsobserver.com. You can follow him on Twitter at @ice_chip.
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