New Investors Acquired

[tomdundo]

http://hurricanes.nhl.com/club/news.htm?id=657825


Well, this is certainly good news.


Mark Rein, VP and co-founder of Epic Games? Sweet.

EDIT: Full list

Total investors/investment groups: 19

Announced 11/3/2011:
*Michael Kahn, Empire Distributors Inc. (also owner of Charlotte Checkers)
*Matthew Szulik, Red Hat
*Capitol Broadcasting Company
*Temple Sloan Jr., General Parts International, Trail Creek Investments, Highwoods Properties
*Clancy & Theys Construction
*Jim Rutherford
*Abel and Barbara Zalcberg, OFM, Inc.
*Frederick J. Whitney and Timothy M. Whitney, Whitney Wealth Management
Unidentified Investor
Unidentified Investor

Announced 9/12/12:
*Ron Francis
*Eliza Kraft Olander and Brian McHenry
*Ron de Lange, Tekelec
Unidentified Investor
Unidentified Investor

Announced 2/28/2013:
*Mark Rein, Epic Games
Chuck Hammel, Pitt Ohio
Unidentified Investor
Unidentified Investor


*Based in North Carolina

Click to read more...

 

[DaleCooper]

Makes me so happy. I love seeing all these business leaders from the Raleigh area taking on a stake in the team.

What's with the Pittsburgh guy, though? Let the rumors begin!

 

[dammit100]

Hell yea! Now let's get Mark Rein to let Canesvision use the Unreal Engine

 

[DaleCooper]

Is there a list of all publicly announced investors anywhere? I think there have been three rounds of announcements. If not maybe I'll pull one together; it would be nice to have.

 

[tarheelhockey]

There is a LOT of money in Epic Games. I have to be kind of vague about this for professional reasons, but Rein runs with a crowd that pretty much just buys whatever they want when they wake up in the morning.

 

[tomdundo]

Is there a list of all publicly announced investors anywhere? I think there have been three rounds of announcements. If not maybe I'll pull one together; it would be nice to have.

I'll do my best to compile a list real quick.

 

[DaleCooper]

I'm on it right now.

 

[Novacane]

Very good news. Keep building that group.

 

[tomdundo]

Meh, your list is better. I took the lazy way out.

 

[DaleCooper]

Total investors/investment groups: 19

Announced 11/3/2011:
*Michael Kahn, Empire Distributors Inc. (also owner of Charlotte Checkers)
*Matthew Szulik, Red Hat
*Capitol Broadcasting Company
*Temple Sloan Jr., General Parts International, Trail Creek Investments, Highwoods Properties
*Clancy & Theys Construction
*Jim Rutherford
*Abel and Barbara Zalcberg, OFM, Inc.
*Frederick J. Whitney and Timothy M. Whitney, Whitney Wealth Management
Unidentified Investor
Unidentified Investor

Announced 9/12/12:
*Ron Francis
*Eliza Kraft Olander and Brian McHenry
*Ron de Lange, Tekelec
Unidentified Investor
Unidentified Investor

Announced 2/28/2013:
*Mark Rein, Epic Games
Chuck Hammel, Pitt Ohio
Unidentified Investor
Unidentified Investor


*Based in North Carolina

 

[Roboturner913]

I can only guess what all this means in terms on the on-ice product, but what if they could actually afford to spend near the cap at the start of next season? Get Semin on a 3-year deal, sign a decent FA defenseman and a top-6 forward to play with JStaal and Skinner and this team could be a very real contender.

 

[PaulProteus]

I work in financial management, so these sorts of things strangely enough interest me to no end.

Forget touring the locker room, I'd like to sit in on some of these meetings.

 

[Beardy*]

Total investors/investment groups: 19

Announced 11/3/2011:
*Michael Kahn, Empire Distributors Inc. (also owner of Charlotte Checkers)
*Matthew Szulik, Red Hat
*Capitol Broadcasting Company
*Temple Sloan Jr., General Parts International, Trail Creek Investments, Highwoods Properties
*Clancy & Theys Construction
*Jim Rutherford
*Abel and Barbara Zalcberg, OFM, Inc.
*Frederick J. Whitney and Timothy M. Whitney, Whitney Wealth Management
Unidentified Investor
Unidentified Investor

Announced 9/12/12:
*Ron Francis
*Eliza Kraft Olander and Brian McHenry
*Ron de Lange, Tekelec
Unidentified Investor
Unidentified Investor

Announced 2/28/2013:
*Mark Rein, Epic Games
Chuck Hammel, Pitt Ohio
Unidentified Investor
Unidentified Investor


*Based in North Carolina


Damn you win!

Damn... thats a lot of money and a lot of people invested to keep this team in this area and to keep it competitive. And when there are losses, it will be split so thin that it might not actually be AS bad a thing going forward as we originally thought.

Very good for the Raleigh area to now have 20 separate entities committed to keeping the Canes in town.

 

[tomdundo]

Total investors/investment groups: 19



Damn you win!

Your list looked better, I removed mine.

 

[DaleCooper]

Anytime someone on HF suggests relocating this team, throw this in their face. Good luck getting 19 investors (mainly local) on board with that.

 

[Beardy*]

Anytime someone on HF suggests relocating this team, throw this in their face. Good luck getting 19 investors (mainly local) on board with that.

No kidding! This is ONLY good from a Canes fan standpoint... Now, over time I can easily see Karmanos giving up more and more of his owner share so that there is more of an anchor to the Raleigh area. No matter who the owners end up being in the future, Karmanos will always be remembered as the man who brought hockey to Raleigh and developed it here.

And with SO many corporations owning a part of the team, you have to figure that we're going to see more suits at games, which means more of the luxury suites used during regular season games, and maybe even start to see the Champions Club fill out a bit. That would be nice.

And now with Epic Games owning a part of the team, you have to wonder how quickly we'll see Canes tie ins with a few of their games...

 

[Mr Whipple]

What's with the Pittsburgh guy, though? Let the rumors begin!

And he's from where Lemieux lives, at that. A neighbor who has a grudge against him?

 

[Beardy*]

And he's from where Lemieux lives, at that. A neighbor who has a grudge against him?

Obviously, he was angry about the Jordan Staal trade

 

[tarheelhockey]

No kidding! This is ONLY good from a Canes fan standpoint... Now, over time I can easily see Karmanos giving up more and more of his owner share so that there is more of an anchor to the Raleigh area.

Karmanos has been gradually cutting himself out of the picture at Compuware as he approaches retirement. The investment group he's assembled will give us some long-term assurance that the team isn't tied to his personal wealth and health. Look to Columbus as an example of how devastating it can be when a franchise's patriarchal owner passes away. That is still a slight concern here, but much less now than it was a couple of years ago.

And with SO many corporations owning a part of the team, you have to figure that we're going to see more suits at games, which means more of the luxury suites used during regular season games, and maybe even start to see the Champions Club fill out a bit.

It will never fill out in terms of butts in seats, because most of the Club is out of sight. Just about every team with club seating has this issue to some extent, particularly Florida right now. Even if it sells out, it will still look empty.

 

[DaleCooper]

Fans should get together to form a small buy-in. That would be a first for the NHL I believe. Something like http://www.arsenaltrust.org/. How awesome would that be?

 

[Roboturner913]

Fans should get together to form a small buy-in. That would be a first for the NHL I believe. Something like http://www.arsenaltrust.org/. How awesome would that be?

Wonder how much it would take. I'm certainly willing to throw in my 100 bucks or whatever, and if you could get 10,000 people to do that you'd be at a million, but what is that really worth in the big picture?

 

[DaleCooper]

More a symbolic thing than anything I guess, but also if it worked similar to the Arsenal supporter's trust, the shareholders could elect a representative who would then have whatever privileges the other investors have (don't know what those are; regular meetings or whatever). A voice for fans in ownership basically.

Sounds like I should get a Kickstarter going haha.

 

[Boom Boom Apathy]

Last number I saw was the Canes was valued at about $160M.

 

[Chrispy]

Wonder how much it would take. I'm certainly willing to throw in my 100 bucks or whatever, and if you could get 10,000 people to do that you'd be at a million, but what is that really worth in the big picture?

When this concept was first announced, Karmanos was looking for 20-30 investors putting up about $2 million each as minority investors.