The Carolina Hurricanes are a privately owned professional ice hockey team based in Raleigh, North Carolina, USA. The Hurricanes compete in the NHL (National Hockey League) as part of the Eastern Conference – Metropolitan Division.
Founded originally as the New England Whalers (1971) in the WHA, the franchise joined the NHL in 1979 as the Hartford Whalers and officially relocated to North Carolina in 1997, becoming the Carolina Hurricanes.
The team plays its home games at the Lenovo Centre (formerly PNC Arena). As of 2025, the Hurricanes are owned by Tom Dundon, who serves as the team’s Owner, Governor, and CEO.
Ownership Status of Carolina Hurricanes
There is no single corporate or public owner of the Carolina Hurricanes. The team is privately owned.
The sole owner of the Carolina Hurricanes is Tom Dundon, an American businessman and investor based in Dallas, Texas.
Major Ownership Details
| Owner / Entity | Ownership Percentage | Notes |
|---|---|---|
| Tom Dundon | 100% | Became majority owner in 2018, acquired remaining shares in 2021, now sole owner. |
| No other shareholders | — | Hurricanes are not publicly traded; no institutional shareholders. |
About the Owner of the Carolina Hurricanes-Tom Dundon
Tom Dundon is an American entrepreneur, sports investor, and founder of Dundon Capital Partners, a Dallas-based investment firm. He built his fortune through the financial services industry, including Santander Consumer USA, which he helped grow into one of the largest auto-lending companies in the United States.
Dundon is known for his aggressive, innovative business style and his passion for sports investments. Apart from the Hurricanes, he has been involved in ventures like the Alliance of American Football (AAF) and other sports-related acquisitions. His leadership has brought financial stability and competitive improvement to the Hurricanes.
Tom Dundon is the primary owner and leader of the Portland Trail Blazers group, bringing extensive experience in sports ownership and investment. In October 2025, the Allen Estate formally agreed to sell the Trail Blazers to Tom Dundon-led consortium.
Tom Dundon Net Worth
As of current estimates, Tom Dundon’s net worth ranges between $1.3 billion and $1.5 billion.
His wealth comes primarily from:
- Founding Santander Consumer USA
- Investments through Dundon Capital Partners
- Ownership in multiple sports ventures
- Long-term holdings in private equity and real estate
Dundon’s substantial net worth enables him to invest heavily in team facilities, player development, and long-term franchise success.
Key Ownership Highlights
- Tom Dundon officially became majority owner of the Hurricanes in January 2018, purchasing the controlling stake from former owner Peter Karmanos Jr.
- In June 2021, he purchased all remaining minority shares, making him the full 100% owner.
- Under Dundon’s leadership, the Hurricanes have enjoyed consistent playoff appearances, roster investment, and increased national visibility.
- Dundon committed to keeping the team in Raleigh, rejecting speculation of relocation.
Recent Developments in Ownership
Since Tom Dundon acquired full ownership in 2021, there have been no changes in ownership.
However:
- Dundon continues to invest in expanding the Hurricanes’ facilities and training programs.
- He also remains linked to other sports investments, reflecting his wider sports-industry presence.
FAQs
1. Who is the current owner of the Carolina Hurricanes?
The owner is Tom Dundon, who owns 100% of the franchise.
2. Is the Carolina Hurricanes team publicly traded or privately owned?
The Hurricanes are privately owned and are not listed on any stock exchange.
3. Who founded the Carolina Hurricanes?
The franchise originated as the New England Whalers in 1971, later becoming the Hartford Whalers and eventually relocating to become the Carolina Hurricanes in 1997.
4. Has the ownership changed recently?
No. Ownership has remained stable since Tom Dundon became the sole owner in 2021.
Carolina Hurricanes Official Site
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