NHL team values ​​jump 32% in latest Forbes rankings – .

0
14
NHL team values ​​jump 32% in latest Forbes rankings – .


NHL team ratings have jumped 32%, despite the COVID-19 pandemic which has limited the number of games played over the past two seasons and contributed to a drop in attendance at the start of the season this year, and the New York Rangers became the league’s first franchise valued at $ 2 billion. That’s according to Forbes in their annual team reviews released Wednesday.
Forbes said the $ 900 million sale of the Pittsburgh Penguins, the new NHL television contract and the entry of the Seattle Kraken have helped bolster the franchise’s values.

The last team to be sold was the Carolina Hurricanes in 2018 at $ 485 million. Average franchise value jumped to $ 865 million and the 32 percent increase is the NHL’s largest since a 50 percent increase in 2013.

The Kraken’s entry price to the NHL was $ 650 million, and the NHL’s new TV deal with ESPN and Turner averages $ 625 million per year.

Forbes also noted that new or renovated arenas contributed to the valuation of franchises. The Islanders’ move to the new UBS Arena saw their value increase 83% to $ 950 million.

The biggest increase in franchise value, according to Forbes, is for the Edmonton Oilers, which saw a 100% increase to $ 1.1 billion from $ 550 million a year ago.

The Maple Leafs are the second highest ranked Canadian franchise with a valuation of $ 1.8 billion.

After the Leafs, the Montreal Canadiens, Chicago Blackhawks and Boston Bruins round out the top five. On the other end of the spectrum, the five least valued teams according to Forbes’ list are the Ottawa Senators, Buffalo Sabers, Columbus Blue Jackets, Florida Panthers and Arizona Coyotes, which have the lowest valuation at $ 450 million.

(Photo : Jared Silber/NHLI via Getty Images)

LEAVE A REPLY

Please enter your comment!
Please enter your name here