Carolina Hurricanes owner Peter Karmanos is in discussions to sell the team to billionaire Dallas businessman Thomas Dundon, according to Sportsnetís John Shannon.

The potential deal with Dundon precludes the team from leaving Carolina, adds Shannon.
According to Shannon, the league says itís premature to say a sale to Dundun, or other remaining interested parties, is nearing completion.

If the club is sold to Dundun, indications are that Karmanos would retain some level of ownership, even in a minority role.