Chuck Greenberg, a former managing partner and CEO of baseball's Texas Rangers, is "close" to a deal to purchase the Hurricanes for $500 million, Bloomberg reported Thursday.
WRAL-TV in Raleigh, N.C., subsequently reported the Hurricanes signed a letter of intent to sell the team to Greenberg, with a stipulation that he keep the team in Raleigh.
Hurricanes owner Peter Karmanos has been considering options to sell the team for some time. Recently some reports indicated that Karmanos, who had moved the team from Hartford in 1997, might be willing to sell the Hurricanes to someone who would move the team.
However, NHL commissioner Gary Bettman suggested several times that the team would not be moved.
Greenberg resigned his positions with the Rangers in 2011 as a result of differences with partner Nolan Ryan. Greenberg contemplated purchasing the Dallas Stars, but they were sold to Tom Gaglardi.
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