Canes take on new owner

October 13, 2011 12:42:52 PM PDT
The Carolina Hurricanes announced Thursday they're taking on another ownership partner.

Michael Kahn - owner and governor of Carolina's American Hockey League affiliate, the Charlotte Checkers - is joining current Canes owner Peter Karmanos Jr.

"Investing in the Hurricanes not only solidifies my support for Mr. Karmanos and his vision for the sport in the South, but also my support and belief in the growth of the game," said Kahn in a statement released by the team.

Born and raised in Atlanta, Kahn is the chief operating officer of a family-owned wine and spirits business called Empire Distributors Inc., originally founded by his grandfather in 1940.

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