The Last Word: Dallas Billionaire Tom Dundon on Why He Bought and ‘Fixed’ an NHL Team

“I was either going to buy a company to fix—I like to try to figure out what’s broken—or buy a sports team.”

Tom Dundon
Owner of the NHL’s Carolina Hurricanes
.…The Hurricanes fit both of Dundon’s criteria, says Sports Business Journal.

Dundon, the chairman and managing partner of Dallas-based Dundon Capital, became the majority owner of the NHL’s Carolina Hurricanes in 2017, three years after he took Dallas-based auto loan giant Santander Consumer USA public with an IPO that raised $1.8 billion. He’s also a co-owner of the PPA Pickleball Tourwhich merged in March with Austin-based MLP by Margaritaville—and an investor in

So you’d think he loves to watch his players in action. But that’s not the case, he told Sports Business Journal’s Ben McKeown, for one big reason: “The chance you might lose.”

Losing has become less of a factor for the Hurricanes since he bought them, though (they’re currently leading the New York Islanders 3-1 in the Stanley Cup playoffs). The SBJ’s profile of Dundon credits a lot of that success to the billionaire’s “calculating nature” as a “super competitive” owner who does “whatever it takes to win.”

Now Dundon is stepping up to the plate for something else, the SBJ reports: potentially being a lead investor for a group that wants to bring a Major League Baseball team to North Carolina.

You can read the SBJ story on Dundon here.

For more of who said what about all things North Texas, check out Every Last Word.

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