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Leafs #1 According To Forbes

by Paul on 11/11/05 at 10:03 AM ET
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from the Toronto Star,

In its Nov. 28 issue, Forbes reports that the Leafs are the most valuable team in the NHL at $325 million (all figures U.S., unless otherwise indicated), that their operating income has been $85 million over the past five years and that the 86 per cent increase in the value of the franchise over that time is tops in the league. Ozanian (Forbes writer) predicted the viability of at least two NHL franchises will become a relevant topic very soon. "The two places where I think there will not be teams in two years are Carolina and Atlanta," Ozanian said, "and I still need more convincing in Florida and Nashville."

read on update 7:40am, related story- The Business of Hockey, from Forbes,

Since the early 1990s, the National Hockey League has undergone a major transformation: rapid expansion, two nasty labor wars and teams relocating from Canada to the southern United States. Result: huge losses and falling television ratings. After canceling the 2004-05 season, the owners enter this year armed with control of player salaries, and the league's best players can more fully showcase their talents, thanks to new rules designed to remove player interference and speed up the game.

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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