Foley: VGK had $40m in sponsorships
- Thread starter LadyStanley
- Start date
Stumbledore
Registered User
Yeah, but what teams would be left for the Knights to play against?
BKIslandersFan
F*** off
Can't imagine other owners were thrilled with him saying this lmao
That's $50 mill over the cap. So, question is what would have been the Knights Break Even point? Does that extra $50 mill put them in the Red?
BKIslandersFan
F*** off
If he is willing to spend that then I presume yes.
That's the key. If an owner is willing to go into a deficit in running their team that is different than spending more while still at a break even point or better for a team financially.
Some owners are willing to spend into a loss, others are not. The potential equity value gain plays a role in it as well. If you are the Leafs and spend into a loss, what do you gain? Really nothing. If you are the Coyotes and spend into a bigger loss, what do you gain? Probably not much.
Teams in the middle are who really have upside to spend into a loss. Winning playoff games this year can mean more ticket revenue next year. Foley is far from the richest owner, this team represents a lot of his net worth. So to him, equity gain is very important. Plus he's following it as close as possible and was really living for this moment. Compare that to Stan Kroenke, who doesn't go to games unless he can win a Cup. Win or lose, it makes little difference to him.
So the Cap basically levels the playing field for most owners. Sure there is still a bit of a differential in say the Coyotes trying to keep expenditure down by getting contracts with high AAV and low cash payouts to guys like Foley willing to spend whatever it takes, but its nothing like MLB thankfully.
Teams in the middle are who really have upside to spend into a loss. Winning playoff games this year can mean more ticket revenue next year. Foley is far from the richest owner, this team represents a lot of his net worth. So to him, equity gain is very important. Plus he's following it as close as possible and was really living for this moment. Compare that to Stan Kroenke, who doesn't go to games unless he can win a Cup. Win or lose, it makes little difference to him.
So the Cap basically levels the playing field for most owners. Sure there is still a bit of a differential in say the Coyotes trying to keep expenditure down by getting contracts with high AAV and low cash payouts to guys like Foley willing to spend whatever it takes, but its nothing like MLB thankfully.
I wonder how that ranks among the NHL teams? Many years ago, I thought I heard that the Dallas Stars had $25Mil, although I think that counted their regional and national TV revenues, not sure. Oddly I also recall a figure of $58K of merch sales per game, although that was before the move to AAC and multiple fan shops. The old arena had temp stands out in the halls only.
I always like to hear about the biz side. I know the NHL is considered a ticket driven revenue venture, because the national TV deal only nets teams a few million a year. The Stars had a pretty good joint deal with the baseball team on Fox Sports SW (now Bally) which has expired. I would be interested to know some current numbers, although I understand they are hard to get.
I always like to hear about the biz side. I know the NHL is considered a ticket driven revenue venture, because the national TV deal only nets teams a few million a year. The Stars had a pretty good joint deal with the baseball team on Fox Sports SW (now Bally) which has expired. I would be interested to know some current numbers, although I understand they are hard to get.
Vegas has gotten be approaching more than a billion dollar valuation now for the next Forbes/Sportico list.
They were just under a billion after last season. So VGK will easily be over a billion -- league avg as a whole was over a billion after last season.
Each team gets about 30 million a year from the national TV deals (TNT/ESPN/ Sportnet). Would interesting to see the local TV deals. I am guessing the range from 15 million annually on the low side and go to around 50-70 million for the Rangers and Toronto.
Wasn't Foley also the one who said, re: the Raiders, "why should we spend so much public money on this?" While he obviously had a vested interest in having less sports competition in Las Vegas, I'm sure his fellow owners were elbowing him at the next meeting saying "Psssstttt, listen buddy, our stance is that we *like* public funding!"
LadyStanley
Registered User
Foley understands the Nevada/Las Vegas political scene and how to play it.
The Athletics face an uphill battle for locals hearts. (An expansion team would do better, IMHO)
The Athletics face an uphill battle for locals hearts. (An expansion team would do better, IMHO)
- Mar 10, 2010
- 34,904
- 31,384
From an article in “Huddle Up’ On How the Vegas Knights became a Billion dollar franchise.
open.substack.com
Vegas Golden Knights Revenue (2018-2022)
2018: $180 million
2019: $167 million
2020: $156 million
2021: $76 million (COVID)
2022: $198 million
Vegas Golden Knights Operating Income (2018-2022)
2018: $53 million
2019: $33 million
2020: $14 million
2021: –$38 million (COVID)
2022: $64 million
And with the team’s valuation increasing from $500 million to $965 million over its first six seasons, it will most certainly push past $1 billion in 2023 after a record-breaking Stanley Cup-winning season.
Vegas Golden Knights Forbes Valuation
2017: $500 million
2018: $575 million
2019: $580 million
2020: $570 million
2021: $710 million
2022: $965 million
How The Vegas Golden Knights Became A $1 Billion NHL Franchise In Just 6 Years
Huddle Up is a 3x weekly newsletter that breaks down the business and money behind sports. If you are not already a subscriber, sign up and join 100,000+ others who receive it directly in their inbox each week.
open.substack.com
Vegas Golden Knights Revenue (2018-2022)
2018: $180 million
2019: $167 million
2020: $156 million
2021: $76 million (COVID)
2022: $198 million
Vegas Golden Knights Operating Income (2018-2022)
2018: $53 million
2019: $33 million
2020: $14 million
2021: –$38 million (COVID)
2022: $64 million
And with the team’s valuation increasing from $500 million to $965 million over its first six seasons, it will most certainly push past $1 billion in 2023 after a record-breaking Stanley Cup-winning season.
Vegas Golden Knights Forbes Valuation
2017: $500 million
2018: $575 million
2019: $580 million
2020: $570 million
2021: $710 million
2022: $965 million
I hope Foley made sure to report said sponsorships to the NHLPA to make sure HRR was appropriately split 
- Oct 9, 2012
- 28,729
- 25,229
Instantly becoming a premier team in the league has helpedFrom an article in “Huddle Up’ On How the Vegas Knights became a Billion dollar franchise.
How The Vegas Golden Knights Became A $1 Billion NHL Franchise In Just 6 Years
Huddle Up is a 3x weekly newsletter that breaks down the business and money behind sports. If you are not already a subscriber, sign up and join 100,000+ others who receive it directly in their inbox each week.
Vegas Golden Knights Revenue (2018-2022)
2018: $180 million
2019: $167 million
2020: $156 million
2021: $76 million (COVID)
2022: $198 million
Vegas Golden Knights Operating Income (2018-2022)
2018: $53 million
2019: $33 million
2020: $14 million
2021: –$38 million (COVID)
2022: $64 million
And with the team’s valuation increasing from $500 million to $965 million over its first six seasons, it will most certainly push past $1 billion in 2023 after a record-breaking Stanley Cup-winning season.
Vegas Golden Knights Forbes Valuation
2017: $500 million
2018: $575 million
2019: $580 million
2020: $570 million
2021: $710 million
2022: $965 million
Bixby Snyder
IBTFAD
It's hilarious how only a few short years ago Quebec City was a slam dunk and Las Vegas was gonna be yet another failure in the desert.
Anisimovs AK
Registered User
Having followed Forbes (and Sportico) NHL valuations for quite some time, usually the Cup winning team has a 20 to 25 percent increase in valueFrom an article in “Huddle Up’ On How the Vegas Knights became a Billion dollar franchise.
How The Vegas Golden Knights Became A $1 Billion NHL Franchise In Just 6 Years
Huddle Up is a 3x weekly newsletter that breaks down the business and money behind sports. If you are not already a subscriber, sign up and join 100,000+ others who receive it directly in their inbox each week.
Vegas Golden Knights Revenue (2018-2022)
2018: $180 million
2019: $167 million
2020: $156 million
2021: $76 million (COVID)
2022: $198 million
Vegas Golden Knights Operating Income (2018-2022)
2018: $53 million
2019: $33 million
2020: $14 million
2021: –$38 million (COVID)
2022: $64 million
And with the team’s valuation increasing from $500 million to $965 million over its first six seasons, it will most certainly push past $1 billion in 2023 after a record-breaking Stanley Cup-winning season.
Vegas Golden Knights Forbes Valuation
2017: $500 million
2018: $575 million
2019: $580 million
2020: $570 million
2021: $710 million
2022: $965 million
madhi19
Just the tip!
He's also 78 so he was in a "Screw it get me that cup ASAP." mode from day one, and it worked. The big question is the NHL ready for a post Foley Vegas Golden Knights? Especially if the Maloof end up owning the team outright.
613Leafer
Registered User
- May 26, 2008
- 12,839
- 3,668
If there were no cap, a ton of teams would spend more $$, so that extra ~$50M might mostly just go to increased player salaries, but not necessarily a better team.
You'd have to spend more than the average team to expect a better roster (all else being equal), though maybe Vegas would be above average in spending.
joestevens29
Registered User
- Apr 30, 2009
- 52,887
- 15,666
If there were no cap, we'd be headed for another lockout in the near future lol.
