Dundon's purchase transaction with Peter Karmanos is now closed, as announced by the National Hockey League on Thursday. Dundon owns 61 percent of the Hurricanes, while Karmanos retains a minority ownership interest in the club.

WASHINGTON - It's official: Tom Dundon is now the majority owner of the Carolina Hurricanes.

"I am thrilled to continue to build upon what Peter Karmanos started in Raleigh," Dundon said in December when the purchase agreement was reached. "The Hurricanes are a team on the rise, and I believe we have an opportunity to take the franchise to the next level. I'm ready to get to work."

Dundon will be introduced at a news conference at PNC Arena on Friday at noon. NHL Commissioner Gary Bettman, Karmanos, Executive Vice President and General Manager Ron Francis and President Don Waddell will also be in attendance.

For more on Dundon, his bio is available here. The News & Observer's Luke DeCock also did some tremendous reporting and penned this profile of the Hurricanes' new owner.