That’s not actually true. The franchise has lost gobs of money for most of its existence in NC. Dundon is a much savvier and better owner than “karma is no’s“ and has invested in the team and improved the game experience. He has enabled them to make a profit for the first time in a long time, but we’ll see if that’s sustainable when the team sucks again in a few years. Another difference is that the NHL has a salary cap and revenue sharing, both of which didn’t exist when then Whalers were in the league. The operating dynamics are totally different now.
For those who say it was lack of interest that doomed the Whalers, I always say that the club was over supported for their pathetic on ice performance (3 winning seasons of 18, two of which barely above .500, one one exactly one best of five playoff series). If the Whaler’s had the on ice success NC has enjoyed the HCC and subsequent successor would be constantly sold ou.