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The Value Of A 2nd Team In Toronto
by Paul on 11/10/08 at 07:00 AM ET
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from David Shoalts of the Globe and Mail,
The value of a second NHL team in Toronto would range between $400-million and $600-million, and Maple Leaf Sports and Entertainment would be entitled to a one-time territorial payment of up to $250-million for allowing the relocation of an existing team, according to sports economists.
The second team in Toronto would instantly become the third most valuable franchise in the league behind the Maple Leafs and New York Rangers and on par with the Detroit Red Wings and Montreal Canadiens, sports finance expert Marc Ganis said.
Ganis, the president of SportsCorp Ltd. of Chicago and a consultant to professional sports clubs and leagues, said the size and strength of the Greater Toronto Area market would drive the new franchise’s value.
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