SBD/November 27, 2013/Franchises

Average Value Of NHL Franchises Up 46%, With Canadian Teams Leading The Way

The average NHL team "now has an enterprise value" of $413M, which is 46% "more than a year ago," according to Mike Ozanian of FORBES.com. For the "first time since Forbes began tracking NHL team values" in '98, three of the league's five most valuable teams are Canadian. This also marks the "first time that every Canadian franchise ranks among the top 16 in the 30 team league." Last season, "six of the seven Canadian teams charged an average ticket price for non-premium seats of at least $70, compared with a league average of $64." Also, the "five most expensive average ticket prices were charged by Canadian franchises" (FORBES.com, 11/25).

TEAM
CURRENT
VALUE
1-YR
+/-
DEBT/
VALUE
REVENUE
OPERATING
INCOME
Maple Leafs
$1.15B
15%
14%
$142M
$48.7M
Rangers
$850M
13%
0%
$131M
$27.3M
Canadiens
$775M
35%
37%
$127M
$29.6M
Canucks
$700M
105%
14%
$101M
$15.8M
Blackhawks
$625M
79%
0%
$115M
$25.6M
Bruins
$600M
72%
18%
$114M
$18.5M
Flyers
$500M
49%
13%
$95M
$6M
Penguins
$480M
67%
21%
$107M
$20.9M
Red Wings
$470M
36%
0%
$96M
$10.5M
Kings
$450M
63%
28%
$98M
$8.2M
Flames
$420M
71%
8%
$89M
$11.5M
Capitals
$414M
66%
31%
$83M
$8M
Sharks
$405M
82%
0%
$84M
$2.1M
Oilers
$400M
78%
25%
$80M
$10.3M
Senators
$380M
73%
39%
$83M
$6.8M
Jets
$340M
70%
38%
$79M
$6.3M
Avalanche
$337M
60%
3%
$67M
$0.3M
Stars
$333M
39%
45%
$79M
$1.6M
Wild
$330M
51%
34%
$81M
$-13.6M
Devils
$320M
56%
81%
$78M
$-4.2M
Ducks
$300M
56%
23%
$73M
$-3.9M
Sabres
$250M
43%
32%
$76M
$-1.0M
Panthers
$240M
41%
50%
$69M
$-7.7M
Predators
$205M
23%
41%
$71M
$-0.8M
Coyotes
$200M
49%
62%
$67M
$-8.9M
Islanders
$195M
26%
51%
$61M
$-1.2M
Hurricanes
$187M
15%
59%
$71M
$-3.4M
Blues
$185M
42%
35%
$72M
$-2.5M
Lightning
$180M
3%
25%
$72M
$-5.4M
Blue Jackets
$175M
21%
43%
$69M
$4.9M


AROUND THE LEAGUE
: FORBES' Tom Van Riper notes while 12 of 30 NHL teams "operated at a loss or close to it" during the '12-13 season, the Jets are "basking in a turnaround." In the first year following their relocation to Winnipeg, the Jets' revenues "shot up 48%" to $105M with operating profit of $13.3M. The MTS Centre, with 15,000 seats, may be the "smallest in the NHL, but it's always sold out, with average ticket prices of $81, third highest in the league" (FORBES, 12/16 issue). In San Jose, David Pollak noted half of the NHL's franchises "showed at least" a 50% increase in overall value, and the Sharks' increase "was the second highest" (MERCURYNEWS.com, 11/25). FORBES.com's Christina Settimi noted the Maple Leafs earn $40M per a year in local broadcast rights, "taking the top spot" in the NHL. In a deal that expires after the '14-15 season, Rogers Sportsnet "shells out over $700,000 a game for each Leafs game it airs or farms out to fellow broadcaster TSN" (FORBES.com, 11/25). FORBES.com breaks down the "NHL's Richest Local TV Deals."
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