Breaking: The Hurricanes have been sold!

Carolina Hurricanes owner Peter Karmanos and potential buyer Tom Dundon have presented their plan of sale to the group, as the NHL Board of Governors are meeting this week and looking over the project.

According to Gino Reda of TSN who spoke with the two men, a decision on the sale should be finalized by the afternoon, but it looks like the team has been sold. Karmanos is expected to remain a minority owner.

Tom Dundon and Peter Karmanos speak with @GinoRedaTSN about the soon to be announced sale of the Carolina Hurricanes pic.twitter.com/JzeiYDo8gv
— Darren Dreger (@DarrenDreger) December 7, 2017

Interview up soon on TSN.ca. Karmanos dismisses the possibility of the team moving. Dundon says he's excited about becoming an NHL owner. https://t.co/JcaoS9dlmf
— Darren Dreger (@DarrenDreger) December 7, 2017

Karmanos expected to retain 48 percent share of the team in sale to Tom Dundon
— Pierre LeBrun (@PierreVLeBrun) December 7, 2017

Prospective #Hurricanes owner Tom Dundon, on the right, wrapped up meeting with current owner Peter Karmanos here in West Palm Beach. Announcement expected today on #Canes sale. pic.twitter.com/gRcpRuC86L
— Frank Seravalli (@frank_seravalli) December 7, 2017

The NHL has previously made it clear that no sale would go through without a commitment that the team will stay in Carolina for the time being. Dundon was more than willing to accept this clause.

Therefore, relocation is not on the table at this time, despite low attendance numbers in Raleigh.