Chuck Greenberg still desires to become an NHL owner.
The Texas businessman and former co-owner of the Texas Rangers remains interested in gaining a majority interest in the Carolina Hurricanes and continues to put together investors in order to submit a bid.
Peter Karmanos Jr., the owner of the Hurricanes, hopes to sell the team for as much as $500 million.
"In late September, we had made a lot of progress getting the equity, but we weren't all the way there," Greenberg told Chip Alexander of the Raleigh News & Observer. "Pete told me he felt the value had gone up, and he wanted to test the market by talking to other buyers.
"Since that time, the last eight or nine weeks, (Karmanos) and his representatives have been talking to other buyers. I've been talking to other potential investors."
In September, Karmanos questioned whether Greenberg had the financial backing to buy the club, while on Wednesday, reports revealed a fellow Texas businessman, Thomas Dundon, is in discussions to secure ownership of the team.
Greenberg previously had a letter of intent to buy the team from Karmanos, however Hurricanes president Don Waddell indicated that agreement has since expired.
"If he came back to the table, he would be one of the pursuers," Waddell said. "Right now we're meeting with other groups and talking to other people. It's wide open."
Still, Greenberg remains hopeful.
"We're still very much in the process," Greenberg added. "It hasn’t been sold yet, and we'll see what happens."
Karmanos purchased the then-Hartford Whalers in 1994 and relocated the team to North Carolina three years later. A sale to Dundon or Greenberg, or another buyer, would be conditional on the team remaining in Raleigh.