Hurricanes owner brings high hopes to Carolina
NHL – The 2017-18 NHL season has passed its midway point, and the 2018 NHL Trade Deadline on Feb. 26 is less than five weeks away. With that in mind, NHL.com is sitting down this week with some of the biggest names in the game. Today, Tom Dundon, who became majority owner of the Carolina Hurricanes on Jan. 11, talks about his plans for the Hurricanes and expanding the fan base in Raleigh.
Hurricanes’ would-be owner betting on himself. He’s won before. Can he win again?
When the time came to cash in on the auto-lending empire Thomas Dundon started in the back room of a used-car dealership, Dundon and his partners split $636 million. His partners walked away. Dundon took a smaller share, kept a 10 percent stake in the business and continued to run it after it was bought by the Spanish banking conglomerate Santander in 2006. It was, essentially, a bet on himself and his ability to continue to grow the business.
Eight years later, Santander took the division public at a valuation of $8.3 billion. When he left in 2015, Dundon walked away with $715 million.
For Dundon’s friends, this was the same thing they had seen from him on the golf course or tennis court, in the men’s basketball league where he met Mark Cuban, or for the Phi Gamma Delta fraternity in intramural competitions at Southern Methodist University. Not only did Dundon hate to lose, it didn’t happen very often.
Nine questions for Trinity Forest and new Carolina Hurricanes owner Tom Dundon
Dec. 9, 2017 /Golf Digest/ –Tom Dundon, the Dallas billionaire who cofounded Trinity Forest Golf Club and is a primary investor in TopGolf, is making another major move in the sporting world. On Thursday he signed a purchase agreement to buy the Carolina Hurricanes hockey franchise…
For Dallas’ Newest Billionaire Early Failure Set Stage for Success
Not that long ago, just out of SMU, Tom Dundon just wanted to run a good burger joint. In a 1994 review of his Fort Worth restaurant, Izzy’s, a food critic raved about the cheddar fries.
Dallas Businessman Buys Ross Avenue Office Tower
A downtown Dallas skyscraper has changed hands. The 33-story 2100 Ross office tower has been sold by Atlanta-based Cousins Properties.
The 844,000-square-foot high-rise which is adjacent to downtown’s Arts District was purchased by a firm headed by Dallas businessman Thomas Dundon. Dundon – the former CEO of Santander Consumer USA – plans to locate his new business to the top two floors of the tower.
“This is another step forward for downtown with the purchase of a major office building for all the right reasons sending a very positive message to existing ownership and those considering investment downtown,” said John Crawford. CEO of The economic development group Downtown Dallas Inc.