mfw13
Registered User
- Oct 20, 2006
- 300
- 51
Please note that this analysis was completed using data from the annual Forbes magazine surveys of NHL franchises. It covers data from the beginning of the 1997 season through the end of the 2004 season, as Forbes has not completed any surveys on the NHL since then.
My methodology was to add net operating income for those seven years to the change in franchise values over that same time period, thus arriving at return on investment (ROI).
Here's what I found (all figures in US dollars):
Toronto: + $255 million
Dallas: + $143 million
Boston: + $117 million
Colorado: + $113 million
Philadelphia: + $100 million
Los Angeles: + $89 million
NY Rangers: + $83 million
Minnesota: + $83 million
Montreal: + $76 million
Chicago: + $71 million
Edmonton: + $51 million
San Jose: + $36 million
Pittsburgh: + $35 million
NY Islanders: + $34 million
Tampa Bay: + $34 million
Calgary: + $32 million
Nashville: + $30 million
Ottawa: + $22 million
Columbus + $16 million
Detroit: + $13 million
Vancouver: + $11 million
New Jersey: - $7 million
Atlanta: - $7 million
Florida: - $11 million
Phoenix: - $12 million
Buffalo: - $42 million
Carolina: - $58 million
Anaheim: - $59 million
St. Louis: - $96 million
Washington: - $138 million
Please note that I know nothing about how Forbes made their calculations regarding either the franchise values or operating income.
Also note that due to the lockout and missed season, it is likely that all franchises values have decreased since the end of the 2004 season, as well as that most owners could have made anywhere from $15-30 million dollars risk-free during the same seven year period just by putting their money in CD's.
Therefore, my conclusion is that the NHL has been a good investment for the onwers of the top eleven franchises on the list (Toronto through Montreal), an break-even investment for the six middle franchises (San Jose through Nashville), and probably a losing investment for the bottom thirteen (Ottawa through Washington).
My methodology was to add net operating income for those seven years to the change in franchise values over that same time period, thus arriving at return on investment (ROI).
Here's what I found (all figures in US dollars):
Toronto: + $255 million
Dallas: + $143 million
Boston: + $117 million
Colorado: + $113 million
Philadelphia: + $100 million
Los Angeles: + $89 million
NY Rangers: + $83 million
Minnesota: + $83 million
Montreal: + $76 million
Chicago: + $71 million
Edmonton: + $51 million
San Jose: + $36 million
Pittsburgh: + $35 million
NY Islanders: + $34 million
Tampa Bay: + $34 million
Calgary: + $32 million
Nashville: + $30 million
Ottawa: + $22 million
Columbus + $16 million
Detroit: + $13 million
Vancouver: + $11 million
New Jersey: - $7 million
Atlanta: - $7 million
Florida: - $11 million
Phoenix: - $12 million
Buffalo: - $42 million
Carolina: - $58 million
Anaheim: - $59 million
St. Louis: - $96 million
Washington: - $138 million
Please note that I know nothing about how Forbes made their calculations regarding either the franchise values or operating income.
Also note that due to the lockout and missed season, it is likely that all franchises values have decreased since the end of the 2004 season, as well as that most owners could have made anywhere from $15-30 million dollars risk-free during the same seven year period just by putting their money in CD's.
Therefore, my conclusion is that the NHL has been a good investment for the onwers of the top eleven franchises on the list (Toronto through Montreal), an break-even investment for the six middle franchises (San Jose through Nashville), and probably a losing investment for the bottom thirteen (Ottawa through Washington).