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What Is Your Team Worth?
by Paul on 11/08/07 at 06:16 PM ET
Comments (2)
from Forbes,
In the two seasons since team owners canceled the 2004-05 campaign to force a salary cap on the players, the 30 NHL franchises have increased an average of 23% in value, and the league has gone from an operating loss of $96 million to a profit of $96 million.
The average hockey team is now worth $200 million and last season posted a profit (in the sense of earnings before interest, taxes, depreciation and amortization) of $3.2 million on revenue of $81 million. Even small-market hockey teams are hot properties: Tampa Bay Lightning owner William Davidson, who bought the team, the operating lease to the arena, and 5.6 acres of surrounding real estate for $115 million in 1999, is on the verge of selling that package for $206 million.
much more and should be a must read for every hockey fan…
Filed in: NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
Comments
Well I’m going to guess most of the Devils debt comes from the cost of building a brand new arena that just opened a 2 weeks ago.
Posted by jkrdevil on 11/08/07 at 10:45 PM ET
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Looks like the Devils and Blues are headed straight to bankruptcy court, judging by their debt figures and operating losses.
Posted by Rob on 11/08/07 at 10:03 PM ET