FORBES - NHL Team Values

[donlever]

The top ten.

Interesting tidbits - 3 teams over 1 billion.

Your Vancouver Canucks 5th on the list.

1. Toronto Maple leaves
Current Value: $1.3 billion
Revenue 2013-2014: $190 mil.
Operating Income 2013-2014: $70.6 mil.

2. New York Rangers
Current Value: $1.1 billion
Revenue 2013-2014: $217 mil.
Operating Income 2013-2014: $84.4 mil.

3. Montreal Canadiens
Current Value: $1 billion
Revenue 2013-2014: $187 mil.
Operating Income 2013-2014: $59.8 mil.

4. Chicago Blackhawks
Current Value: $825 mil.
Revenue 2013-2014: $172 mil.
Operating Income 2013-2014: $50.2 mil.

5. Vancouver Canucks
Current Value: $800 mil.
Revenue 2013-2014: $154 mil.
Operating Income 2013-2014: $46.7 mil.

6. Boston Bruins
Current Value: $750 mil.
Revenue 2013-2014: $164 mil.
Operating Income 2013-2014: $34.5 mil.

7. Philadelphia Flyers
Current Value: $625 mil.
Revenue 2013-2014: $136 mil.
Operating Income 2013-2014: $11.0 mil.

8. Los Angeles Kings
Current Value: $580 mil.
Revenue 2013-2014: $146 mil.
Operating Income 2013-2014: $21.4 mil.

9. Detroit Red Wings
Current Value: $570 mil.
Revenue 2013-2014: $134 mil.
Operating Income 2013-2014: $15.2 mil.

10. Pittsburgh Penguins
Current Value: $565 mil.
Revenue 2013-2014: $141 mil.
Operating Income 2013-2014: $21.9 mil.


http://www.sportsnet.ca/hockey/nhl/nhl- ... 1-billion/

[Meds]

Quite the drop off from 5th to 10th.

Is the operating income ticket sales and concession stuff? Accounting eludes me.

[herb]

Is the operating income ticket sales and concession stuff? Accounting eludes me.

No that would be the revenue figure.

Operating income is sometimes referred to as Earnings Before Interest and Taxes (EBIT). So, the amount of money you made (income minus expenses) excluding interest and taxes.

It is usually derived from revenue less cost of goods sold, wages and depreciation.

The Forbes estimate for the Canucks seems logical. Actually, it wouldn't surprise me if they were taking in more than $154M in revenue after the new TV deals. I've seen reported elsewhere that the average Canucks ticket price is over $200. $200 times 18,600 seats is way over $3M per home game. $3M times 41 home games is over $150M. Plus concessions, plus selling swag, plus TV rights, blah, blah, blah.

[donlever]

...we also need take into account the "creative accounting" figures used in big business.

How much "rent" do the Canucks pay to use the facility for games/practice et cetera?

Basically out of Peters pocket and into Pauls but regardless subsequently deflating the actual revenue of the team itself.

[donlever]

..also, we seasons holders pay for pre-season ducats as well so you can adjust your home game figures upwards.

[herb]

...we also need take into account the "creative accounting" figures used in big business.

How much "rent" do the Canucks pay to use the facility for games/practice et cetera?

Basically out of Peters pocket and into Pauls but regardless subsequently deflating the actual revenue of the team itself.

NHL teams are private companies, so theoretically they could account for things however they want. However, if they are getting bank loans or have other investors, audited financial statements and reporting under the appropriate standards would be necessary.

For a company like Canucks Sports and Entertainment which owns the arena and the team, the rent figures they are charging to the hockey club could be...interesting.

..also, we seasons holders pay for pre-season ducats as well so you can adjust your home game figures upwards.

Yup. Pretty easy to see how easily they could get to revenues of $150M.

Playoffs are such big, big money. One playoff series for the Canucks is going to be something like $10-20M in revenue.

[dbr]

...we also need take into account the "creative accounting" figures used in big business.

How much "rent" do the Canucks pay to use the facility for games/practice et cetera?

Basically out of Peters pocket and into Pauls but regardless subsequently deflating the actual revenue of the team itself.

Not that I disagree - but the prices some of the league's lesser lights are getting ($300m for the Coyotes, the Islanders sale puts them around half a billion) suggests that some of these might actually be low.