Forbes NHL Valuations 2018

[sureLoss]

https://www.forbes.com/sites/mikeoza.../#2ec83bb350e2

Just the list: https://www.forbes.com/nhl-valuations/list/

Top 5
NYR $1.55 B
TOR $1.45 B
MTL $1.3 B
CHI $1.05B
BOS $0.925B


Bottom 5
ARI $290M
FLA $295M
CBJ $320M
BUF $375M
WIN $415M


Calgary comes in at #20 at $450M

They also calculate the average operating income for NHL teams was $25 million an increase of 39% from the previous season.

Some interesting speculation on future TV deals. They are expecting the US national TV deal to at least double going from an average of $200 million/year to more than $400 million/year.

Also reporting that the Caps and Sabres are getting $35 million and $25 million a season respectively for local TV deals. Looks like there are still some rich TV deals to be had in the US.

[Bingo]

Always some debate about what is included etc, but from Forbes list to Forbes list there are sure less teams losing money than 5 or so years ago.

Hard to search now as they've written over their links, but I remember years where you had 7 wealthy teams 10 middling teams and then 13 teams losing money, five losing a lot.

[Samuelsson]

Interesting to see the fluctuation. Would adding a team i.e Seattle saturate these numbers a bit? Especially to do with TV deals etc.

In the same vein, I assume that moving some of the lower-earning teams like Arizona or Florida to Quebec or Hamilton/Houston would increase these numbers overall.

[DJones]

Nice to see tv deals in the US are good. Should push the cap up consistently

[Resolute 14]

The US TV deal doubling is very optimistic I think. Particularly given the consistent increase in cord cutters.

IMO, it only gets to $400 million a year if one of the digital services - and that could include NBC Online - thinks that hockey could pull people to those services.

[Fuzz]

I'm curious why the baseline wouldn't be the expansion team cost. It would cost $600 million to get an NHL team, so isn't that the cheapest they should be worth?

[bizaro86]

Originally Posted by Fuzz

I'm curious why the baseline wouldn't be the expansion team cost. It would cost $600 million to get an NHL team, so isn't that the cheapest they should be worth?

It's only worth that in a new market. If you want to move, you have to pay a big fee, which would come off the $500-$600 MM.

Plus, under current expansion rules you probably start with a better team than some of the bottom feeders.

[Jason14h]

Originally Posted by Fuzz

I'm curious why the baseline wouldn't be the expansion team cost. It would cost $600 million to get an NHL team, so isn't that the cheapest they should be worth?

If you have debt or an existing lease that costs $$ to get out of, would de-value.

[curves2000]

Does anybody have any idea what the Flames TV contracts look like in terms of dollars? Any other Western team like Edmonton or a bigger market like Vancouver?

I am always curious comparing the business side of things between the teams.

[Resolute 14]

Originally Posted by Fuzz

I'm curious why the baseline wouldn't be the expansion team cost. It would cost $600 million to get an NHL team, so isn't that the cheapest they should be worth?

A team's worth is really only what someone might be willing to pay.

If Las Vegas, selling out every night and being hugely popular was worth $500 million at purchase, then it stands to reason that Arizona, drawing half as many actual fans and with far lower revenue potential should be worth far less.

[Duffalufagus]

The Flames would go up 200mil at least with a new arena.

[Hockey Fan #751]

Originally Posted by Resolute 14

The US TV deal doubling is very optimistic I think. Particularly given the consistent increase in cord cutters.

IMO, it only gets to $400 million a year if one of the digital services - and that could include NBC Online - thinks that hockey could pull people to those services.

I think it finally goes back to ESPN. It makes sense when you consider how strong they're pushing ESPN+ as an online service and also the fact that the league partners with them now very closely as a result of Disney's acquisition of BAM.

[Scornfire]

How could gate receipts possibly only be 60M?

[getbak]

Originally Posted by Scornfire

How could gate receipts possibly only be 60M?

$60 million USD is about $80 million CAD. No playoff games last season puts the per game average (including 4 preseason games) at about $1.8 million Canadian per game. According to ESPN, the Flames averaged 18,905 in attendance per game last season. That works out to about a $95 average ticket price.

[Scornfire]

Doh, USD. That makes more sense, Thanks