via Mike Ozanian of Forbes,

Yes, Chuck Greenberg is trying to buy the money-losing NHL franchise. But all Greenberg has right now is a non-binding letter of intent. Moreover, the real price (enterpise value) is nowhere near $500 million (perhaps the $500 million includes future money the potential buyer is promising to put into the team?), according to my sources.

And by the way, Greenberg is not even close to raising the money to buy the Hurricanes. Not even for $400 million.

Perhaps that is why team owner Peter Karmanos Jr. released this statement after the initial report of the sale: "Since an offer has been made to purchase the team," the statement read, according to NHL.com, "Mr. Karmanos intends to evaluate that offer and also will continue to evaluate his other options, including retaining his ownership of the team."

Hey, I wish Karmanos Jr. nothing but the best of luck if he does sell the team. Past losses have pushed up debt to over $200 million. So the team could use some equity. And maybe at some point the Hurricaness do sell for $500 million.

But as of now $500 million is fake news.