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Video- Wide Gap In Team Values

Mike Ozanian and Kurt Badenhausen of Forbes discuss the financial value of NHL teams.

Watch below (autoplay is on)...

added 12:31pm, Found the story in case you would rather read than watch the video...

from Mike Ozanian of Forbes,

So why have the owners thus far cancelled 422 regular season games of the 2012-13 season, as well as the All Star Game, insisting on a new CBA that drastically reduces the amount of money (currently 57% of hockey-related revenue) that can be spent on player salaries?

The reason is because on the financial scoreboard, the league’s 30 teams have never been further apart.

Consider the two most recent team sales. In May, Tom Stillman acquired the St. Louis Blues, the team’s American Hockey League affiliate, the Peoria Rivermen, the lease to Scottrade Center, and a piece of the Peabody Opera House for just $130 million. One month later, the NHL approved the Ontario Teachers’ Pension Plan sale of its controlling interest in Maple Leaf Sports & Entertainment, which owns Toronto’s Maple Leafs (NHL) and Raptors (NBA), and the Air Canada Centre, for an enterprise value of $2.05 billion. We estimate the transaction placed a value of $1 billion on the Maple Leafs.

read on

Filed in: NHL Teams, NHL Talk, NHL Business of Hockey, | KK Hockey | Permalink
 

Comments

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Sacre bleu! It’s a distribution problem after all! It’s criminal the league is being held up for craptastic markets like Columbus, Tampa, Miami, Phoenix, Nashville. It’s also criminal that the Maple Leafs are allowed that Toronto market all to themselves.

Posted by YouppiKiYay on 11/28/12 at 02:07 PM ET

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Sacre bleu! It’s a distribution problem after all! It’s criminal the league is being held up for craptastic markets like Columbus, Tampa, Miami, Phoenix, Nashville. It’s also criminal that the Maple Leafs are allowed that Toronto market all to themselves.

Imagine for a moment an NHL not run by a borderline retard.

There would be 26 instead of 30 teams.

There would be hockey teams in Quebec, a second in Toronto, and one where ESPN IS BASED.  The expansion clubs would have been Toronto’s 2nd, Seattle, Anaheim, and Tampa Bay.

The league would have been on ESPN since the infancy of that network.  They would have subsequent part-time deals with NBC.  They would have used the establishment of Versus/NBC Sports channel to run up their contract with ESPN.

The league would be in negotiations to go to 28 teams (Florida and Texas).

There would have been a 50-50 split on a hard cap for 7 years now.

Where’s a bad Ashton Kutcher movie when you need it?

Posted by HockeyinHD on 11/28/12 at 02:39 PM ET

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one where ESPN IS BASED

As long as ESPN is willing to relocate to Hartford, so we can get the Whalers back, I’m good with that.

Posted by larry on 11/28/12 at 03:16 PM ET

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Whoops, ESPN is in Hartord. Guess I need to brush up on my Connecticut geography.

Posted by larry on 11/28/12 at 03:18 PM ET

J.J. from Kansas's avatar

I’m confused now. This time, Forbes says only 13 teams are losing money.

So should we begin claiming as fact that it’s 13-ish or 10-ish?

What’s the correct level of misrepresentation allowed here?

Posted by J.J. from Kansas on 11/28/12 at 04:18 PM ET

mmuskrat's avatar

You know what just occurred to me?  Bettman’s so bent on not depriving struggling markets of their teams, that he is committed to keeping hockey in these cities, and states that it would be a travesty if (for example) Phoenix moved to Hamilton.

But to save these teams for another 5 or 6 years of a new CBA, he’s willing to deprive EVERY city of their hockey team for a year?

Makes HD’s alternate universe NHL seem like it was a no-brainer.

Posted by mmuskrat on 11/28/12 at 05:53 PM ET

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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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