Kukla's Korner Hockey
by Paul on 11/10/06 at 12:57 PM ET
Hockey teams are worth more today than before the new collective bargaining agreement (CBA) because player salaries have gone down to 54% of league revenue from 66%. Fixed player costs bring greater certainty to the bottom line, which in turn means buyers will pay a higher multiple of revenue to acquire a franchise. The average hockey team is now worth $180 million and makes an operating profit (in the sense of earnings before interest, taxes, depreciation and amortization) of $4.2 million. During the 2003-2004 season,much, much more...
Be the first to comment.
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Most Recent Blog Posts
About Kukla's Korner Hockey
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.
Email Paul anytime at email@example.com