Thursday, December 25, 2014

Flyers valued at $500 million

Flyers are the NHL's 7th most valuable franchise, according to Forbes Magazine's annual rankings.

Flyers valued at $500 million

Flyers owner Ed Snider (right), general manager Paul Holmgren (center) and coach Craig Berube. (Matt Slocum/AP)
Flyers owner Ed Snider (right), general manager Paul Holmgren (center) and coach Craig Berube. (Matt Slocum/AP)

SUNRISE, Fla. -- Turns out, NHL executives did know what they were doing when they imposed that 113-day lockout last season.

The average NHL team has an enterprise value (equity plus net debt) of a whopping $413 million, nearly 46 percent more than a year ago, according to Forbes Magazine’s annual rankings. And for the first time ever, three Canadian-based teams are ranked in the top five.

Teams have long disputed the Forbes valuations, but Forbes says their data is groomed from sports bankers, public documents and consultants who conduct studies on such matters. Since almost all teams are privately held, their books are not open to the public.

Not surprisingly, the behemoth Maple Leafs retained the top spot, being valued at $1.15 billion playing in Canada’s biggest market. 

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The Flyers were ranked 7th, valued at $500 million, up a stunning 49 percent from last year. They also had the smallest operating income in the Top 10 at just $6.0 million - but part of that is probably due to the fact that they did not make the playoffs last season, where most of income is made, and they’ve made costly contract decisions including compliance buyouts.

Here are the Top 10 of the rankings:

Ranking - Team - Current Value - Revenue - Operating Income

  1. Toronto Maple Leafs - $1.15 billion - $142 million - $48.7 million
  2. New York Rangers - $850 million - $131 million - $27.3 million
  3. Montreal Canadiens - $775 million - $127 million - $29.6 million
  4. Vancouver Canucks - $700 million - $101 million - $15.8 million
  5. Chicago Blackhawks - $625 million - $115 million - $25.6 million
  6. Boston Bruins - $600 million - $114 million - $18.5 million
  7. Philadelphia Flyers - $500 million - $95 million - $6.0 million
  8. Pittsburgh Penguins - $480 million - $107 million - $20.9 million
  9. Detroit Red Wings - $470 million - $96 million - $10.5 million
  10. Los Angeles Kings - $450 million - $98 million - $8.2 million

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Frequent Flyers is your home for news and analysis of all things orange and black.

Frank Seravalli Daily News Staff Writer
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