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Breaking: NHL approves team's sale!

A major step in the process is completed.

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Dallas billionaire Tom Dundon recently signed a purchase agreement to buy a majority stake in the Carolina Hurricanes from longtime owner Peter Karmanos and it appears that the NHL Board is on board with the transaction. 

The owners were waiting for the League's approval, which has finally come and was made public by NHL insider Pierre LeBrun

NHL Commissioner Gary Bettman did make sure to state that the team would not move when Dundon and Karmanos first presented the proposal.

Karmanos will retain an equity stake in the franchise.