Found November 28, 2012 on
Fox Sports West:
Forbes magazine published its annual valuation of NHL franchises on Wednesday and anointed the Toronto Maple Leafs as the leagues first billion-dollar club.
Forbes numbers are sure to cause a lot of discussion, partly because individual teams and the league always dispute the calculations. Forbes relies on estimates in many cases and public information (such as the value of TV rights deals) and doesnt have access to teams financial ledgers.
Its findings show a greater economic gulf between the leagues strongest and weakest teams even as theres more parity on the ice. Among those findings: The three most profitable teams accounted for 83 of the leagues 250 million income for the 2011-12 season, and 13 of the leagues 30 teams lost money before non-cash expenses and interest payments.
According to Forbes, the Maple Leafs who havent won the Stanley Cup since 1967 are worth 1 billion in part because theyre owned by a huge telecommunications company and they can leverage their TV rights into pots of gold in the hockey-crazed Toronto market.
Forbes top five are the Maple Leafs, New York Rangers (750 million), Montreal Canadiens (575 million), Chicago Blackhawks (350 million) and Boston Bruins (348 million).
The Kings were ranked 10th at a value of 276 million and the Ducks were 21st at a value of 192 million. Forbes said the Ducks operating loss of 10.8 million was the leagues fourth-largest last season and attributed that to the teams failure to make the playoffs and the lack of an NBA co-tenant at the Honda Center.
Also worth reading: an accompanying piece on fans and how the NHL has grown its audience despite higher ticket prices and two lockouts in the last eight years.
The NHL, of course, remains embroiled in a labor dispute with the players' association after locking players out on Sept. 15. The two sides were scheduled to meet with federal mediators Wednesday to get help in resolving a disagreement that has led the NHL to cancel games through Dec. 14 -- more than a third of the regular season -- and the all-star game.
BEST OF MAXIM
AROUND THE WEB
By Tony Ambrogio (@SNTonyAmbrogio)
Scott Walker took a sip of his coffee, looked me in the eye and laughed, “he’s been playing real good for a guy with mono.”
Just imagine what happens when Matt Finn is healthy again for the Ontario Hockey League’s Guelph Storm.
The Toronto Maple Leafs selected Finn with the 35th choice in the 2012 NHL draft. The 6-foot...
The Toronto Maple Leafs are worth a whopping $1 billion, and are the first NHL team to be valued at such a high price. Even though they haven’t made the playoffs since the 2003-04 season, the Leafs are valued much higher than the majority of the league.
The average franchise value for teams in the NHL is about $282 million, while the average Canadian franchise has a value of...
The Toronto Maple Leafs are the first NHL team worth $1 billion, according to Forbes magazine.
The Leafs, who have not won a Stanley Cup since 1967, are worth $250 million more than the next most valuable franchise, the New York Rangers. The Montreal Canadiens are worth $575 million.
Least valuable of the 30 teams are the St. Louis Blues at $130 million and the Phoenix Coyotes...
November 29, 2008 was a day filled with hope and excitement for fans of the Toronto Maple Leafs, as Brian Burke was hired away from Anaheim to take over the club as the new president and general manager.
That day, the former Whalers, Canucks and Ducks GM was brash about the type of hockey he wanted his team to play and appeared confident that with time he could turn the Leafs...
Forbes Magazine released their annual survey regarding the value of National Hockey League franchises and to no oneâs surprise, the Toronto Maple Leafs were revealed as the most valuable team in the 30 team league for the seventh year in a row.
What was interesting is that the clubâs value has eclipsed the $1 billion mark, over $250 million more valuable than the New...
TSNâs Bob McKenzie in breaking down the potential defensive corps that Hockey Canada will assemble for the 2013 World Junior Hockey Championship in Ufa, Russia next month gives mentions two Toronto Maple Leafs prospects as potential selections for Team Canada.
The shoulder injury suffered by Columbus first rounder Ryan Murray will not only prevent him from playing in his...