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...
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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.
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