Report: Hurricanes owner being sued by sons over $105M contract dispute

The Carolina Hurricanes are at the center of a real-life family feud.

Owner Peter Karmanos is being sued by his three sons over the matter of $105 million promised to them in his will. The problem is that Karmanos borrowed millions against the trust account to help fund his NHL club.

In June 2013, Karmanos reportedly wrote a loan contract for more than $100 million, agreeing to pay interest installments until June, 2022, or one year following his death.

From Rod Meloni of Local 4 Detroit:

A lawsuit filed last Thursday says 'on or about April 21, Peter the third ... sent his father a notice of default of balance of principal and interest on the June 2013 note.'

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.'

The Karmanos sons filed a civil case against their father as a contract dispute.

One of the sons named in the suit, Jason Karmanos, was relieved of his duties as executive vice president and assistant general manager of the Hurricanes in September 2013 as a result of a "family matter."

Karmanos was inducted into the Hockey Hall of Fame in 2015 as a builder, an event not attended by his sons.