Red & Black Hockey
Entries with the tag: Peter+Karmanos
Karmanos making Staal money
by David Lee on 07/16/10 at 07:38 AM ET
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On Thursday, the Hurricanes learned that owner Peter Karmanos was given a fat paycheck from Compuware this year. When the company he founded reached share-based and sales incentives, he and the other executives received big bonuses. Mr. Karmanos’ bonus was $3.582M. With his base salary, this incentive bonus and a couple of other bonuses, Karmanos’ total earnings from Compuware were $8,592,364 this fiscal year, compared to $4.156M the previous season.
Mr Karmanos is still looking to sell 49% of the Hurricanes to a local investor, which would put a whole lot more cash in his pocket.
The salary Karmanos got from Compuware is a little bit more than the $7.5M raw salary that he will pay Eric Staal this season. The cap hit for Staal is $8.25M.
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Tags: Carolina+Hurricanes, Peter+Karmanos,
Could it be Goodnight for Carolina?
by David Lee on 05/24/10 at 07:17 PM ET
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Reports came out of Raleigh on Monday that Peter Karmanos, owner of the Carolina Hurricanes and Compuware Corporation, is looking to sell “part” of the team. This does NOT in any way mean that the entire team is for sale. It does NOT in any way mean that the team is going to relocate back to Hartford, or anywhere else for that matter. In fact, quite the contrary.
On September 28, 2008, part owner Tom Thewes died from leukemia. Since then, Karmanos has had full ownership of the team. His goal here is to, first of all, square away the Thewes estate, and secondly to find a local individual or group to take minority ownership of the team. Karmanos has enlisted the help of New York firm Allen&Co to find a buyer in the Raleigh area.
In a brief statement, Karmanos said: “The intent is in no way to sell the team. We simply hired Allen & Co. to assist us with the process of finding a new minority partner.”
I’d be surprised if that minority partner turns out to be anybody other than James Goodnight from SAS.
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Tags: Carolina+Hurricanes, James+Goodnight., Peter+Karmanos,
