from Luke DeCock and Chip Alexander of the News & Observer,

The sale of the Carolina Hurricanes from Peter Karmanos to Thomas Dundon is scheduled to close this morning, according to several sources with knowledge of the negotiations. A press conference with NHL commissioner Gary Bettman is scheduled for Friday in Raleigh.

The NHL's Board of Governors is prepared to approve the transfer, which will see Dundon purchase more than 51 percent of the team from Karmanos with an option to purchase the remainder in three years, valuing the franchise at about $505 million.

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