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Carolina Hurricanes now owned by roughly half of North Carolina

Nov 3, 2011, 1:53 PM EDT

Paul Maurice AP

Earlier today, Carolina Hurricanes owner and CEO Peter Karmanos Jr. announced a group of 10 new partners in the ownership of the team. Of the 10, a whopping nine of them are based locally in North Carolina.

“These new partners are devoted to the continued success of the Hurricanes in North Carolina,” Karmanos said in a statement posted to the Hurricanes website. “Their investments in our team further solidify our franchise’s standing in the National Hockey League and the North Carolina sports community.”

Eight of the ten partners are: Michael Kahn, Capitol Broadcasting Company, Inc. (James Goodmon, A.J. Fletcher Foundation), Matthew Szulik, Ice Puck LLC (Orris Temple Sloan, Jr.), Clancy & Theys Construction (David Tim Clancy, Joel Thomas Irving Clancy, Kathryn Virginia Clancy, Robert Todd Clancy, Sarah Elizabeth Sturm), Jim Rutherford, Hurricanes Investment, LLC (Abel Zalcberg, Barbara Zalcberg) and Whitney Holdings Inc. (Frederick J. Whitney, Timothy M. Whitney).

The remaining two investment partners have chosen to keep their partnerships private.

One of the names that jumps off the page is that of Jim Rutherford, current general manager of the ‘Canes. The move makes sense given Rutherford’s worked for the club for 18 years and is the longest-tenured GM in franchise history…but there just aren’t that many NHL GMs that have a stake in ownership. Should be interesting if ownership ever holds an anonymous vote on whether to keep Rutherford as GM or not. “Six votes yay, three votes nay and one vote that simply reads ‘Jim is Awesome.’”

As for my favorite part of the release — the Clancy & Theys Construction bio:

“Clancy & Theys Construction was founded in Raleigh in 1949 by brothers-in-law E.I. Clancy and John Theys. Today the company is owned by the late E.I. Clancy’s family, and is managed by his sons. Tim Clancy is president, and his brother Tick is executive vice president.”

*screeches tires*

Wait, his name is Tick Clancy? Really? I feel like further explanation is required as to how one becomes Tick Clancy. Is that a nickname? An alias? How has there not been a follow-up release explaining the origins of Tick Clancy’s name? This is a PR fail.

  1. whatswellydoing - Nov 3, 2011 at 3:33 PM

    Ten owners? Tampa couldn’t even handle two…

  2. quixotissimo - Nov 3, 2011 at 4:49 PM

    I like this as a creative solution to increase liquidity and firmly cement the team in the Raleigh market. Peter Karmanos still owns the controlling interest in the team (and then some), so I don’t expect the status quo to change any time soon, and Jim Rutherford will likely be able to hold his spot as GM for as long as he wants it. He consistently puts together competitive teams on shoestring budgets in one of the league’s smallest markets, which has helped to keep the team financially viable and prevented any serious talk of moving the team.

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