Thursday, November 3, 2011

Caniacs @ Capitol

An announcement from the Canes today is getting some attention…

Ten investors have bought into the Carolina Hurricanes, and that includes Capitol Broadcasting Co. Nine of the ten are local individuals/firms. That speaks to the intent: Canes owner, Pete Karmanos (who is based in Detroit) has long wanted some Triangle-based partners. That's our motivation - another way to support the market's only major league sports franchise, especially in the business community.

The local owners have a small percentage of the hockey club. The management of the team is unaffected by this announcement.

Capitol has been a big supporter of the Canes since their inaugural season in ’98 at the Greensboro Coliseum. Back then, we helped with their television package and broadcast their very first game on TV5. Today, 99.9 The Fan is the Canes’ flagship radio station.

In an interview on The Fan this afternoon, Capitol CEO Jim Goodmon reminisced about his first meeting with Pete Karmanos. The team owner got an aerial tour of the Triangle in TV5's chopper, but Jim wouldn't let them land until Karmanos committed to locate his hockey team here.

Jim was asked about the major benefit of investing in the team. His favorite perquisite: a 50% discount at the team store!

Let's Go Canes!