Peter Karmanos, one of the most venerable team owners in the NHL, is looking for someone to succeed him as owner of the Carolina Hurricanes. Authentic Neal Broten Jersey . Karmanos has hired New York investment bank Allen & Co. to help him find an investor who would be willing to commit "hundreds of millions of dollars into the team but let me control it," he told TSN. Karmanos said he wants to partner with an investor who would buy out his interest in the team over time. Karmanos said he is seeking an investor who would value his team at $420 million or more. "What I am trying to do is set up a reasonable succession plan because Im not one of those guys who thinks I am going to go on forever," Karmanos said in an interview. "Id like to have a partner again...but someone will have to pay dearly for it. (The Hurricanes are) a valuable franchise despite what some of your folk in Canada say about them. I dont see a basketball or baseball or football team coming here. Were going to be the lone ranger here (in Raleigh) for quite some time." Allen & Co. executive Steve Greenberg declined to comment. Only five NHL owners have owned their teams longer than Karmanos. The 71-year-old, who also owns the Ontario Hockey Leagues Plymouth Whalers, has been an NHL mainstay since 1994, when he and some partners bought the Hartford Whalers for $47.5 million. Three years later, in 1997, Karmanos rejected Connecticuts offer of a new $147 million arena and said the team would leave Hartford for a more profitable market. "I had the bad luck of a governor on the take who tried to convince me to build a new arena," Karmanos said. "He ended up in jail for seven years." In Hartford, Karmanos said the Whalers struggled with the "tiniest, teeniest market in the league, surrounded by Boston and New York franchises. Not only were we competing against the Bruins and the Rangers, but also against the Islanders, Devils, New York Yankees, Giants, you name them. They were all after our little marketplace for advertising dollars and fan revenue. When I understood that I developed a plan for us to move." Initially, Karmanos, who grew up in Detroit, was approached by William Davidson, the late owner of the Detroit Pistons. Davidson suggested Karmanos move the Whalers to the Palace of Auburn Hills, the home of the Detroit Pistons. Red Wings owner Mike Ilitch would have sued him over that move, Karmanos said, so he considered other offers from suitors in Columbus; Nashville, Minneapolis-St. Paul, Las Vegas, and Raleigh-Durham, North Carolina. After two seasons in Greensboro, North Carolina, Karmanos in 1999 moved his team to Raleigh as the Carolina Hurricanes. The Hurricanes reached the Stanley Cup Final in 2002 and won in 2006. Last season, the Hurricanes averaged attendance of 15,483, 23rd in the league. Over the past five years, the team has never finished better than 17th in overall NHL home attendance. Sports investment bankers say the team loses millions of dollars a year, a suggestion Karmanos rejects. "A steady team should be able to make money, assuming they spend at the midpoint of the cap, and that they do their work in their market to sell tickets and advertising," he said. "We have improved in the 20 years I have owned the team. This is a real business. Its not a foregone conclusion that we lose money." Several bankers had mixed reaction to Karmanoss claim that his team is worth at least $420 million. One banker said that it was unlikely he would fetch more than $300 million for the Hurricanes. But another banker noted that New York Islanders owner Charles Wang has reached an agreement to sell the Islanders for perhaps $500 million or more. According to a recent lawsuit filed by Philadelphia lawyer Andrew Barroway, Wang had an agreement to sell the Islanders to Barroway for $420 million. Wang later upped his demand for the Islanders to $548 million. He subsequently sold the club to another group of investors. Sports bankers said Wang got at least $480 million for the team. Forbes magazine values the Islanders at $190 million. "I think the Islanders sale puts to bed anything people want to say about how Forbes values teams," Karmanos said. "Its been frustrating over the years, the different values people throw around for teams." Karmanos also offered some insight into NHL expansion and the leagues efforts to grow its $3 billion-per-season business. He said Las Vegas, Seattle, Houston and Quebec City are all viable markets for the NHL. But Karmanos said he has suspicions that a second team in Toronto would face significant hurdles. "You cant guarantee that youd be a revenue contributor in Toronto," Karmanos said. "History has always shown other teams havent been able to match up even in the biggest media market in North America. Karmanos said that in baseball, New York at one time was home to the Giants, Dodgers and Yankees. But both the Giants and Dodgers moved to California to escape the shadow of the Yankees. "No matter what they did they were second fiddle to the Yankees," Karmanos said. "Then you have the New York Islanders and Rangers. No matter what the Islanders do they are second fiddle to the Rangers. Its why another team wouldnt move to Detroit. Because short of winning the Stanley Cup you would never replace the Detroit Red Wings. I dont care where a second team in Toronto might play, the Maple Leafs are in the hearts and minds of all those people... I would feel sorry for a second franchise there." Karmanos said hes been pleased with NHL Commissioner Gary Bettmans stewardship of the league, particularly for his ability to negotiate a collective bargaining agreement with the NHL Players Association that gives mid-market teams a chance to turn a profit and be competitive. Karmanos said he isnt worried whether the NHL develops a more aggressive strategy to build a fan base in blossoming markets such as China, where the National Basketball Association reportedly has partnerships with at least 51 TV stations across the country. "I dont know why you need new money," he said. "Its fair to say were not doing much in China, but Id rather be doing things in other markets were we get our players from. I dont care what basketball does. It may end up being a huge sport in China... I dont look at it as if we have to grow revenue every year. It would be nice, but you cant do it on the backs of your fans." Authentic Bill Goldsworthy Jersey . -- Arkansas didnt need a spectacular dunk to beat No. Authentic Esa Lindell Jersey . It was a loss. But it was also a learning experience. Deron Williams and Joe Johnson had 24 points each to lift Brooklyn to a 94-87 win over the Raptors, making their first playoff appearance since 08. "I thought we played a little bit as expected as it is our first playoff game," Toronto coach Dwane Casey said. http://www.cheapstarsjerseysauthentic.com/?tag=authentic-mike-gartner-jersey . -- Terrelle Pryor took the opening snap of the game, put the ball in Darren McFaddens belly and saw LaMarr Woodley crash down.Juan Mata says Manchester United will get the chance to reach the Premier Leagues top positions when rivals inevitably drop points. The midfielder is on international duty with Spain ahead of their World Cup Qualifier against Macedonia on Saturday, live on Sky Sports 1 via the Red Button from 7.45pm, and their friendly against England on Tuesday. Man Utd vs Arsenal November 19, 2016, 11:30am Live on Get Sky Sports Get a Sky Sports pass Mata is already looking ahead to improving on Uniteds start to the Premier League season though, with Jose Mourinhos side lying sixth in the table and having collected their first win in five top-flight games in their last fixture against Swansea. United face fourth-placed Arsenal on November 20, live on Sky Sports 1, following the international break and Mata believes all of Uniteds Premier League rivals will provide them with an opportunity to make up the ground. Its true that our start to the season didnt go as we had hoped for, but we are there, Mata said at Spains pre-match press conference.The Premier League is a competition in which all the big clubs drop points and we remain hopeful that we can get closer to the top positions. Highlights of Manchester Uniteds 3-1 win over Swansea Mourinhos arrival at Old Trafford had led to reports Mata could have left United in the summer transfer window, but the former Chelsea player insisted there was no rift between the pair at the start of November. Authentic Jaromir Jagr Jersey. Mata has revealed why he is in a much better place than he was before the season began. I want to continue to do the talking on the pitch after a strange summer, with so many things that came out that were false, he said.Im enjoying myself on the pitch and things are going well for me.Ive had a good month and I want to continue to showcase my talent on the pitch. Mata could face England at Wembley on Tuesday after being recalled to the Spain squad Mata could be in line to take on England at Wembley after being recalled to the Spain squad, having been a regular starter under Mourinho, and he is confident his Premier League form can help prolong his international career. I feel privileged each time I come here, he said. I feel the same enthusiasm as I felt when I first got here eight years ago.Ive been lucky enough to be a part of the most successful generation and the competition is fierce. Its difficult to get a spot. Now at 28, Im at a fantastic stage in my career. I still have a lot to give. I hope I can continue to come many more times.I hope I can continue to improve and do more things in England. Also See: Rooney coming back into form Injured Costa out of Spain-Eng Fergie: The hairdryer truth Utd a social media religion cheap falcons jerseys cheap ravens jerseys cheap bills jerseys cheap bears jerseys cheap bengals jerseys cheap cowboys jerseys cheap lions jerseys cheap texans jerseys cheap colts jerseys cheap jaguars jerseys cheap chiefs jerseys cheap rams jerseys cheap dolphins jerseys cheap vikings jerseys cheap saints jerseys cheap giants jerseys cheap jets jerseys cheap eagles jerseys cheap steelers jerseys cheap 49ers jerseys ' ' '