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Now sole owner of franchise, Tom Dundon determined to see his Carolina Hurricanes compete every year for the Stanley Cup The league s board of governors unanimously approved the transaction Wednesday. We are fortunate to have a passionate fan base that supports what we believe is a team that can compete every year for the Stanley Cup, Dundon said. That is the only option. Dundon, 49, became majority owner in early 2018 when he bought 52% of the Hurricanes and their arena for $425 million. Karmanos had owned the team since moving the Whalers from Hartford, Connecticut, in 1997. Pete has had a tremendous impact on the sport of hockey in the United States since the 1970s, Dundon said. His vision laid the groundwork for the success we now enjoy in Raleigh, and his legacy will always remain a part of this organization. ....