Dallas, TX
The Last Word: Dallas Billionaire Tom Dundon on Why He Bought and 'Fixed' an NHL Team
Tom Dundon is chairman and managing partner of Dallas’ Dundon Capital Partners and owner of the NHL’s Carolina Hurricanes. He’s also one of the owners of the PPA Pickleball Tour, which recently merged with MLP by Margaritaville. [Photo: Carolina Hurricanes]
Tom Dundon
Owner of the NHL’s Carolina Hurricanes
.…The Hurricanes fit both of Dundon’s criteria, says Sports Business Journal.
Dundon, the chairman and managing partner of Dallas-based Dundon Capital, became the majority owner of the NHL’s Carolina Hurricanes in 2017, three years after he took Dallas-based auto loan giant Santander Consumer USA public with an IPO that raised $1.8 billion. He’s also a co-owner of the PPA Pickleball Tour—which merged in March with Austin-based MLP by Margaritaville—and an investor in Pickleball.com.
So you’d think he loves to watch his players in action. But that’s not the case, he told Sports Business Journal’s Ben McKeown, for one big reason: “The chance you might lose.”
Losing has become less of a factor for the Hurricanes since he bought them, though (they’re currently leading the New York Islanders 3-1 in the Stanley Cup playoffs). The SBJ’s profile of Dundon credits a lot of that success to the billionaire’s “calculating nature” as a “super competitive” owner who does “whatever it takes to win.”
Now Dundon is stepping up to the plate for something else, the SBJ reports: potentially being a lead investor for a group that wants to bring a Major League Baseball team to North Carolina.
You can read the SBJ story on Dundon here.
For more of who said what about all things North Texas, check out Every Last Word.
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Dallas, TX
Former Dallas ISD Superintendent Michael Hinojosa runs for Dallas Mayor
DALLAS – Former Dallas ISD Superintendent Michael Hinojosa announced that he is running for Mayor of Dallas on Monday.
Hinojosa says the city needs experienced leadership to address the budget challenges and pro sports teams leaving Downtown Dallas.
Addressing Dallas’ budget and pro sports team
Local perspective:
Michael Hinojosa served two stints as superintendent of Dallas ISD, totaling 13 years. He told FOX 4 that he officially filed paperwork to enter the race and plans to formally launch his campaign at a Tuesday morning news conference at Dallas City Hall.
Hinojosa points to financial track record at Dallas ISD
What they’re saying:
Hinojosa cited his tenure leading Dallas ISD as evidence of his financial management experience, saying the district’s reserves grew from about $32 million when he took over in 2005 to nearly $1 billion in obligated and unobligated fund balances by the time he left.
“I think that it’s really important for this community to know that we’re at an inflection point and that the city and the community need a strong, proven leader,” Hinojosa said.
He pointed to the city’s budget shortfall, employee furloughs and concerns over major sports franchises potentially leaving downtown as examples of challenges facing Dallas.
He said solving the city’s challenges would require coalition-building and pledged to focus on issues important to residents, taxpayers and businesses.
“I believe that a vision is a dream with a deadline,” Hinojosa said, adding that if elected he would aim to address the city’s biggest challenges within two terms.
Campaign announcement at Dallas City Hall
What’s next:
Hinojosa said he will outline his priorities during a 10 a.m. campaign announcement on Tuesday, July 14, at Dallas City Hall.
The Source: Information in this article was provided by an interview conducted by FOX 4’s Shaun Rabb.
Dallas, TX
Viral East Dallas coffee shop fears major sales drop amid six-week road closure
Construction plans disrupt business in East Dallas. Just a few days ago, the owners of Juju’s Coffee off La Vista Drive in Dallas were informed by Oncor that the street on which their shop is located will be closed.
One of the owners, Nick Rocha, said the closure will last six weeks, but if there are any delays, it could be extended until October.
The coffee shop, which opened in 2023, has recently gained a lot of popularity. One of their drinks, called the “do-si-dos,” has gone viral, and now they have lines out the door on a regular basis.
“It’s a peanut butter milk latte… We probably doubled our sales or more if I had to be honest,” said Rocha.
Since the drink’s release in April, the flow of customers has been nonstop.
“We were like, ‘We’ll go viral and then we’ll die out.’ Then we’re like, ‘Well, when is it going to be over, because we’re just getting slammed?’ We were both doing like 60- to 70-hour weeks… And it just kept going, and it turned from like, ‘Okay, we’re scared of it,’ to, ‘Okay, we can do this,’” said Rojas.
Rojas says that just as they were adjusting to the new normal, the notice from Oncor came.
“They were just like, ‘Yeah, so we’re going to close the street, sorry.’ That was tough… because we’re in the middle of dreaming and vision casting for what’s coming and what’s next,” said Rojas.
Starting July 20, La Vista Drive will be closed, sidewalk accessibility will be difficult, and street visibility will be too. Rojas believes the impact could drop their sales by about 50%. He says they’ve had meetings with the city and Oncor, but says there’s nothing they can do, and now their only plea is to their customers.
“Anybody that comes in and supports, it’s a genuine gratitude from us,” said Rojas.
Dallas, TX
3 unanswered questions before training camp: Dallas Cowboys edition
For the Dallas Cowboys and their owner, Jerry Jones, the hope is always that the changes made will improve the product on the field. Every team heading into training camp will have questions to answer, and the Dallas Cowboys are first on our list with 3 of the biggest ones. This will be an ongoing series for the next couple of weeks until camp starts, and answers start to reveal themselves in real time.
Another season of change for the Dallas Cowboys. Will it make a difference this time around to end the drought? Jerry Jones sure hopes so. Dallas hasn’t had a title in 30 years, and Jerry Jones promised to look in the mirror and make much-needed dramatic changes. The 34-year-old Christian Parker, who has no defensive coordinator experience, must embody the change upfront. Veterans were added, and Dak Prescott is back and healthy, running a new scheme. We shall see.
I wouldn’t worry about whether CeeDee Lamb and George Pickens can coexist long-term. I’m more concerned about whether you can keep them happy with the culture and get them to commit long-term. They declined to negotiate with Pickens and instead slapped him with the franchise tag. If Dak Prescott continues to spread the ball around, he should be able to keep them happy, but it comes at a cost: winning in the playoffs or a Super Bowl title.
Tight end Jake Ferguson’s role could diminish during the upcoming season. Even after signing a four-year, $52 million extension, former undrafted free agent Brevyn Spann-Ford is a better blocker and could have a major impact on the Cowboys’ offense in 2026.
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