The following lists FORBES' franchise valuation
estimates for NHL teams. FORBES: "More than half the teams
in the NHL are losing money. But the fundamentals of the
industry are stronger than ever: Merchandise and television
revenues are growing rapidly, and the new owners like Mario
Lemieux, Craig Leipold and Ted Leonsis are introducing
aggressive marketing ideas. Also, a lot of talented European
players coming into the league should broaden the sport's
appeal" (FORBES, 12/13 issue). See the NBA list tomorrow.
OPERATING
CURRENT 1 YR % REVENUES INCOME DEBT/
TEAM VALUE1(MIL) CHANGE ($MIL) ($MIL) VALUE2
RANGERS $236 21% $84.2 $8.7 70%
FLYERS 211 13 75.5 0.8 33
BRUINS 197 7 70.5 10.1 66
RED WINGS 194 5 71.8 -11.6 0
BLACKHAWKS 185 9 65.9 6.8 0
CANADIENS 175 5 64.9 5.8 29
PANTHERS 163 55 65.0 5.1 22
AVALANCHE 3 160 16 57.2 2.6 44
MAPLE LEAFS 151 27 62.7 2.5 88
STARS 149 26 59.4 -5.2 72
CAPITALS 145 -19 55.8 -1.7 55
ISLANDERS 142 28 40.4 0.9 28
BLUES 137 -11 62.2 -3.9 70
DEVILS 135 8 51.9 -0.1 26
PREDATORS 130 NA 48.3 17.8 31
SHARKS 123 14 51.2 -1.2 24
MIGHTY DUCKS 117 7 46.7 -4.4 0
LIGHTNING 112 11 34.1 -18.0 44
KINGS 109 4 33.9 -14.5 145
PENGUINS 100 12 41.5 -3.4 23
CANUCKS 96 -4 38.3 -13.7 90
SABRES 91 0 53.7 -5.3 88
COYOTES 89 3 42.5 -3.3 67
SENATORS 79 -16 46.7 1.4 91
FLAMES 78 0 39.1 0.7 64
OILERS 72 8 36.1 2.7 62
HURRICANES 70 -13 24.1 -20.6 72
LEAGUE AVERAGE 135 8 52.7 -1.5 52
NOTES: Revenues and operating income are for the '98-99
season. Current Value1 = value of team, without deduction
for debt (other than arena debt). Debt/Value2 includes arena
debt. Avalanche 3 is sale pending. NA: Not applicable.
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