Report: 11-12 groups interested in buying Hurricanes

Carolina Hurricanes owner Peter Karmanos Jr. is making headway in selling the franchise.

There are reportedly 11-12 groups of prospective owners interested in buying the team, according to Chip Alexander of the Raleigh News & Observer.

Among the groups is one led by former Texas Rangers CEO Chuck Greenberg. Karmanos "likes" Greenberg, Alexander notes, and is apparently giving him time to put together his group.

"Once (Greenberg) has done that, we'll examine whether his offer cuts the mustard," Karmanos said.

It was reported on July 13 that Greenberg was close to purchasing the Hurricanes for $500 million, but Karmanos noted if he has to wait, the price may rise to $550 million or $600 million if the Canes have a successful season.

Karmanos reportedly has a term sheet in place to sell the team, but there's still no purchase agreement.