Forbes 2019 NHL franchise value list

[mikecubs]

www.forbes.com/nhl-valuations/list/#tab:overall

Rank Team Current Value ($mil)
1 New York Rangers $1.55 B
2 Toronto Maple Leafs $1.45 B
3 Montreal Canadiens $1.3 B
4 Chicago Blackhawks $1.05 B
5 Boston Bruins $925 M
6 Los Angeles Kings $810 M
7 Philadelphia Flyers $800 M
8 Detroit Red Wings $775 M
9 Vancouver Canucks $735 M
10 Washington Capitals $725 M
11 Pittsburgh Penguins $650 M
12 Seattle $650 M
13 Vegas Golden Knights $575 M
14 Edmonton Oilers $540 M
15 Dallas Stars $525 M
16 San Jose Sharks $510 M
17 Minnesota Wild $490 M
18 St Louis Blues $465 M
19 Anaheim Ducks $460 M
20 New Jersey Devils $455 M
21 Calgary Flames $450 M
22 Tampa Bay Lightning $445 M
23 New York Islanders $440 M
24 Ottawa Senators $435 M
25 Colorado Avalanche $430 M
26 Nashville Predators $425 M
27 Carolina Hurricanes $420 M
28 Winnipeg Jets $415 M
29 Buffalo Sabres $375 M
30 Columbus Blue Jackets $320 M
31 Florida Panthers $295 M
32 Arizona Coyotes $290 M

I added Seattle on my own. The average franchise value is $630M. Not the worst job, these are estimates but the Jets are too low. Yes the Canadian dollar is bad(down to 75 cents now) and the TV deal is outdated but I don't think Forbes is aware of True North Square development. They had the Jets with a $11M profit. They had them 20th in overall revenue(which is probably realistic(ish), 13th in gate revenue.

The Islanders and Senators are too high, Calgary should probably be lower too given their arena problems. Carolina should be a few spots lower down the 30th.

The things that stood out most to me are the Coyotes have a Debt/Value of 103%. The next worst one is the Islanders at 45%, then Florida at 39%. On the main sheet they say the Coyotes lost $11M but when you go inside the team profile you get this.

snip- The Coyotes lost as much as $50 million last year (our profit figures are before interest, taxes and depreciation). Owner Andrew Barroway is trying to sell minority stakes in the team to investors. His valuation of the team: $500 million. That will be a tough valuation to get given the Coyotes had the second-lowest average attendance in the league in 2017-18 (13,040) and the third-lowest average local television rating on FS Arizona (0.35), 17% lower than the previous season

Florida also lost $21M

Good new is the St. Louis Blues have made a profit 3 straight seasons without the Rams($10M last year)!!!! Before that the never made a profit according to Forbes and the guys of HF boards have said in the Blues entire history they never made a profit(not sure if that's true)

Detroit's revenue increased by $30M and profits went from $5.4M to $33M in year 1 at the new arena!

Carolina only lost $3.9M. I'm of the opinion the market can be salvaged due to no other pro sports competition,fast growth rate and not that horrible of an arena location compare to Arizona/Florida.

[mikecubs]

Revenue by team

1 New York Rangers $253 M
2 Montreal Canadiens $239 M
3 Toronto Maple Leafs $232 M
4 Chicago Blackhawks $201 M
5 Washington Capitals $194 M
6 Los Angeles Kings $193 M
7 Boston Bruins $191 M
8 Philadelphia Flyers $186 M
9 Pittsburgh Penguins $185 M
10 Vegas Golden Knights $180 M
11 Detroit Red Wings $171 M
12 Vancouver Canucks $168 M
13 New Jersey Devils $166 M
14 San Jose Sharks $148 M
15 St Louis Blues $148 M
16 Tampa Bay Lightning $146 M
17 Edmonton Oilers $145 M
18 Dallas Stars $144 M
19 Minnesota Wild $142 M
20 Winnipeg Jets $135 M
21 Anaheim Ducks $134 M
22 Calgary Flames $132 M
23 Nashville Predators $132 M
24 Buffalo Sabres $128 M
25 Ottawa Senators $124 M
26 Colorado Avalanche $119 M
27 Columbus Blue Jackets $111 M
28 Carolina Hurricanes $109 M
29 New York Islanders $107 M
30 Florida Panthers $99 M
31 Arizona Coyotes $96 M

Total revenue for the whole league was $4.858 billion. The average was $157M.

[mikecubs]

Gate revenue in millions

1 Vegas Golden Knights $101 M
2 Chicago Blackhawks $99 M
3 New York Rangers $96 M
4 Toronto Maple Leafs $94 M
5 Montreal Canadiens $90 M
6 Washington Capitals $90 M
7 Pittsburgh Penguins $83 M
8 Boston Bruins $80 M
9 Philadelphia Flyers $71 M
10 Detroit Red Wings $66 M
11 Vancouver Canucks $66 M
12 Edmonton Oilers $64 M
13 Winnipeg Jets $63 M
14 San Jose Sharks $60 M
15 Calgary Flames $60 M
16 Los Angeles Kings $59 M
17 Minnesota Wild $56 M
18 Tampa Bay Lightning $56 M
19 Nashville Predators $48 M
20 St Louis Blues $45 M
21 Buffalo Sabres $42 M
22 Anaheim Ducks $41 M
23 New Jersey Devils $41 M
24 Columbus Blue Jackets $38 M
25 Dallas Stars $37 M
26 Ottawa Senators $35 M
27 Colorado Avalanche $33 M
28 New York Islanders $30 M
29 Carolina Hurricanes $27 M
30 Arizona Coyotes $20 M
31 Florida Panthers $16 M

Total gate was $1.807B(37.2% of revenues). The average was $58.29M.

[mikecubs]

Biggest takeaways are

1. The Coyotes are just abysmal. The NHL should move them to Houston. It would help the league greatly. I pray the Coyotes to Houston rumors are true.
2. The Panthers are stick out too though not as bad. Move them to Quebec.
3. Ottawa and Calgary need new arenas along with a new owner for Ottawa(Devcore)

You do those things you'd have a really strong league all of a sudden that feels totally major league. Vegas was a great addition and Seattle will be too.

Arizona and Florida can't be salvaged. It's looking like the Suns are going to get a $230M non hockey renovation to their arena approved this month. The area really can't handle 2 arenas so who is going to be stupid enough to build them a 3rd? Not enough concerts to go around. Plus who/which sucker will pay $700M for an arena?

Florida has the same problem. The Heat arena don't work for hockey. They did a renovation a few years ago too and the Heat extended the lease to 2035 with options though 2040. Given how badly the Marlins ripped off the tax payers who pays for a 3rd arena? Also not enough concerts for 3 arenas.

[Ric O.]

I'm actually surprised how high the Jets rank in gate revenues with such a small building...but the prices are relatively high and seats are quite full so maybe shouldn't be so surprising. There must be a lot of tickets that can be had for cheap in a lot of those cities.

[mikecubs]

Dec 6, 2018 21:51:47 GMT -6 Ric O. said:

I'm actually surprised how high the Jets rank in gate revenues with such a small building...but the prices are relatively high and seats are quite full so maybe shouldn't be so surprising. There must be a lot of tickets that can be had for cheap in a lot of those cities.

Not surprising at all, the Jets have some of the best fans in the 4 major pro sports. 800,000 people, a poor dollar, an outdated local tv deal a year after it was signed, a compromise arena because ownership hedged their bets on if the NHL would come and with all that still a $11M profit!!!!

Ticket prices by market according to forbes(all dollars US)


1 Boston Bruins $160
2 Chicago Blackhawks $130
3 Toronto Maple Leafs $120
4 New York Rangers $105
5 Montreal Canadiens $105
6 Edmonton Oilers $100
7 Vegas Golden Knights $88
8 Pittsburgh Penguins $87
9 Detroit Red Wings $85
10 Washington Capitals $85
11 New York Islanders $85
12 Vancouver Canucks $83
13 Winnipeg Jets $83
14 Philadelphia Flyers $82
15 San Jose Sharks $78
16 Los Angeles Kings $76
17 Minnesota Wild $74
18 Nashville Predators $70
19 Calgary Flames $65
20 St Louis Blues $62
21 Carolina Hurricanes $62
22 Anaheim Ducks $60
23 Buffalo Sabres $59
24 New Jersey Devils $58
25 Tampa Bay Lightning $57
26 Ottawa Senators $57
27 Dallas Stars $54
28 Columbus Blue Jackets $53
29 Colorado Avalanche $50
30 Arizona Coyotes $46
31 Florida Panthers $41

[mikecubs]

2019 rankings

www.forbes.com/nhl-valuations/list/

Rank Team Current Value ($mil)
1 New York Rangers $1.65 B
2 Toronto Maple Leafs $1.5 B
3 Montreal Canadiens $1.34 B
4 Chicago Blackhawks $1.085 B
5 Boston Bruins $1 B
6 Los Angeles Kings $850 M
7 Philadelphia Flyers $825 M
8 Detroit Red Wings $800 M
9 Washington Capitals $775 M
10 Vancouver Canucks $740 M
11 Pittsburgh Penguins $665 M
12 Seattle $650M
13 Dallas Stars $600 M
14 Vegas Golden Knights $580 M
15 Edmonton Oilers $575 M
16 New Jersey Devils $550 M
17 San Jose Sharks $540 M
18 St Louis Blues $530 M
19 New York Islanders $520 M
20 Minnesota Wild $510 M
21 Calgary Flames $500 M New arena value NOT counted
22 Anaheim Ducks $480 M
23 Colorado Avalanche $475 M
24 Tampa Bay Lightning $470 M
25 Nashville Predators $460 M
26 Carolina Hurricanes $450 M
27 Ottawa Senators $445 M
28 Winnipeg Jets $420 M
29 Buffalo Sabres $400 M
30 Columbus Blue Jackets $325 M
31 Florida Panthers $310 M
32 Arizona Coyotes $300 M

I added Seattle on my own again.

The average franchise value not counting Seattle is $651.12M. The average Canadian team is worth $788.57M, the average US team $611M not counting Seattle.

He put New Jersey way the **** too high. Yes they got a good local TV deal and play in the biggest market but attendance isn't that good. The Islanders are way too high, yes the new arena will get tons of events but the Islanders fan base sucks.

More take aways. The Panthers lost $21M, the Coyotes $15M. He had the Jets posting their 1st losses ever at -$7.7M but he attributed that to an $82M payroll compare to $73M the year before and a short playoff run that pushed revenue down to $127M compare to $135M the year before. Not sure how he does his payrolls capology had the payroll last year at $74M. However capology did have the payroll rise from 11th at $68.6M to $74M from the year before.

He also said he will rise Calgary a bunch in the future. He didn't add in the new arena much since there is no groundbreaking yet.

The Senators owner is trash the the arena is in the middle of no where. The Senators should be lower until they get a real owner and arena downtown.

[mikecubs]

Revenue by team in millions

1.New York Rangers 270
2.Toronto Maple Leafs 243
3.Montreal Canadiens 243
4.Boston Bruins 228
5.Chicago Blackhawks 208
6.Los Angeles Kings 203
7.Philadelphia Flyers 187
8.Pittsburgh Penguins 184
9.Detroit Red Wings 183
10.New Jersey Devils 181
11.Washington Capitals 180
12.St Louis Blues 171
13.Vancouver Canucks 167
14.Vegas Golden Knights 167
15.Dallas Stars 166
16.San Jose Sharks 164
17.Edmonton Oilers 154
18.Minnesota Wild 149
19.Tampa Bay Lightning 140
20.Calgary Flames 138 New arena coming
21.Anaheim Ducks 137
22.Nashville Predators 135
23.Buffalo Sabres 135
24.Colorado Avalanche 130
25.Carolina Hurricanes 128
26.Winnipeg Jets 127
27.Ottawa Senators 127
28.Columbus Blue Jackets 119
29.New York Islanders 115 New arena coming
30.Florida Panthers 105
31.Arizona Coyotes 102

Keep in mind forbes counts the playoffs so a team like St. Louis is abnormally high.

Total NHL revenue was $5.086B
$1.199B from Canada
$3.887B from the US

AFTER revenue sharing. Keep in mind the dollar is at .75 cents in Canada, there are 2 bad arenas(one being replaced) and an insane one man wrecking crew in Ottawa, plus no Quebec

[mikecubs]

Gate revenue in millions

1 Boston Bruins 113 Long playoff run
2 New York Rangers 103
3 Chicago Blackhawks 99
4 Toronto Maple Leafs 97
5 Montreal Canadiens 91
6 Vegas Golden Knights 84
7 Washington Capitals 77
8 Pittsburgh Penguins 76
9 San Jose Sharks 73
10 Philadelphia Flyers 68
11 Detroit Red Wings 68
12 Vancouver Canucks 66
13 Edmonton Oilers 66
14 Calgary Flames 62 New Arena on way
15 St Louis Blues 61 Long playoff run, abnormally high
16 Los Angeles Kings 60
17 Minnesota Wild 58
18 Winnipeg Jets 53
19 Tampa Bay Lightning 49
20 Dallas Stars 47
21 Nashville Predators 47
22 New Jersey Devils 43
23 Anaheim Ducks 41
24 Buffalo Sabres 41
25 Columbus Blue Jackets 41
26 Colorado Avalanche 40
27 Carolina Hurricanes 36
28 Ottawa Senators 32 What a sorry piece of trash the Senators owner is
29 New York Islanders 30 New arena on way
30 Arizona Coyotes 24
31 Florida Panthers 17

Total gate revenue was $1.863B(36.63% of all revenue), the league average was $60.09M.

Canadian teams total gate was $467M(25.07% of league gate) an average of $66.71M.
US teams total gate was $1.396B(74.93% of league gate) an average of $58.16M.

[mikecubs]

ticket prices

1 Chicago Blackhawks $130
2 Toronto Maple Leafs $125
3 New York Rangers $120
4 Montreal Canadiens $105
5 Boston Bruins $100
6 Edmonton Oilers $98
7 Vegas Golden Knights $95
8 Detroit Red Wings $90
9 Washington Capitals $90
10 Pittsburgh Penguins $85
11 Philadelphia Flyers $84
12 Vancouver Canucks $83
13 Winnipeg Jets $83
14 Los Angeles Kings $80
15 Minnesota Wild $80
16 San Jose Sharks $78
17 Nashville Predators $72
18 Calgary Flames $66 New arena on way
19 St Louis Blues $63
20 New Jersey Devils $64
21 Carolina Hurricanes $62
22 Dallas Stars $61
23 New York Islanders $60 New arena on way
24 Anaheim Ducks $60
25 Tampa Bay Lightning $58
26 Buffalo Sabres $58
27 Ottawa Senators $58
28 Columbus Blue Jackets $57
29 Colorado Avalanche $53
30 Arizona Coyotes $49
31 Florida Panthers $42