 On December 7, 2017, it was announced that Thomas Dundon signed an agreement to purchase the Hurricanes, which ensured that the team would not be relocated.The deal was finalized on January 11, 2018, with Dundon becoming majority owner and having a 61 percent stake in the team, while Karmanos retained a minority interest.Dundon wasted little time in overhauling the Hurricanes' front office.