Breaking: NHL Owner facing $105 million dollar law suite over unpaid loan.

Obviously the first question that will come to mind when hearing this story is whether or not the Carolina Hurricanes are in jeopardy, and unfortunately we won't have an answer at this time.

Carolina Hurricanes owner Peter Karmanos is being sued over an unpaid loan, and the three litigants are none other than his own sons who are seeking $105 million dollars in the law suit according to a report from Local 4 Detroit.

The Local 4 report does not paint this in a good light for Karmanos:

The trusts are valued at over $100 million, but over the years, Pete Sr. borrowed against the account to fund his beloved Carolina Hurricanes hockey team. He wrote a loan contract for more than $100 million, agreeing to pay interest using installments until June 29, 2022, or one year after his death.

The sons claim their father "failed to timely cure such defaults and accordingly, on or about May 25, 2016 the entire balance of the June 2013 note ... more than $105 million ... would become immediately due and payable."

Probate litigator Robert Zawideh of Kemp Klein says the case leaves you wondering about the Karmanos fortune's fortunes.

"Well certainly the biggest indicator of money problems is when you're getting sued over nonpayment of money, the lawuit certainly suggests that but there could be other reasons as well," he said.

We will continue to monitor this story as more information is made available, but for now rumors of a sale or relocation for the Carolina Hurricanes are now in full effect.

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