Peter Karmanos Jr.
Hockey Hall of Fame builder and former Hurricanes owner.
Last updated
Peter Karmanos Jr. is an American businessman and hockey executive who served as principal owner of the Carolina Hurricanes (formerly the Hartford Whalers) from 1994 to 2018 and remained a minority owner until 2021. He also owned the Plymouth Whalers junior team from 1990 to 2015 and the Florida Everblades from 1998 to 2019. Karmanos was inducted into the Hockey Hall of Fame in the Builder Category in 2015.
Background
Karmanos co-founded the Detroit Compuware Hockey organization in the late 1970s, which grew to include youth, AAA, and junior A levels. In 1989, the Ontario Hockey League awarded an expansion franchise to the group, initially called the Detroit Compuware Ambassadors, later renamed the Detroit Junior Red Wings, Detroit Whalers, and finally the Plymouth Whalers after a move to Plymouth. Karmanos sold the Whalers in 2015, and the franchise became the Flint Firebirds.
In 1994, Karmanos, his Compuware partner Thomas Thewes, and former player Jim Rutherford purchased the Hartford Whalers for $47.5 million, committing to keep the team in Hartford for at least four years. After low season-ticket sales, Karmanos announced the team would leave if 11,000 season tickets were not sold for the 1996–97 season. Although that threshold was met, the team moved to Raleigh, North Carolina, after the 1996–97 season and was renamed the Carolina Hurricanes. The Hurricanes reached the Stanley Cup Finals in 2002 and won the Stanley Cup in 2006, with Karmanos skating with the Cup after the final game.
Did You Know?
- Karmanos co-founded software company Compuware with two partners soon after leaving college.
- He donated money to the Michigan Cancer Foundation, renamed the Barbara Ann Karmanos Cancer Institute in 1995 after his first wife.
Frequently Asked Questions
Who is Peter Karmanos Jr.?
Peter Karmanos Jr. is an American businessman born in Detroit in 1943 who became one of the most recognizable figures in professional hockey through his long tenure as principal owner of the Carolina Hurricanes (and before that, the Hartford Whalers). He was enshrined in the Hockey Hall of Fame's Builder Category in 2015.
What teams did Peter Karmanos Jr. own?
Beyond the NHL franchise he led from 1994 to 2018, Karmanos also held ownership stakes in the Plymouth Whalers junior club (1990–2015) and the Florida Everblades (1998–2019). He retained a minority ownership position in the Hurricanes until June 2021.
How did Peter Karmanos Jr.'s ownership of the Hurricanes end?
Karmanos stepped down as principal owner of the Carolina Hurricanes in 2018 but kept a minority stake in the club until June 30, 2021. His departure marked the close of a 27-year era of family ownership that began with the Hartford Whalers.
More in Hockey Hall of Fame Builders and Executives
Sources
Compiled from Wikipedia and the sources listed below. Text from Wikipedia is available under CC BY-SA 4.0; this entry is adapted from it.
- Wikipedia: Peter Karmanos Jr. (CC BY-SA 4.0).
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