Boston Bruins FORBES: Bruins now worth ONE BILLION DOLLARS - 5th highest in NHL

[Fenway]

The Bruins had a big increase in revenue and operating income during the 2018-19 season thanks to 13 playoff games at TD Center during their run to the Stanley Cup Finals, where they lost in seven games to the Blues. More revenue is on the way. The team increased season ticket prices 5% on average for the 2019-20 season, following a 7% increase prior to last season. Also, TD Garden is in the midst of a $100 million renovation, including a concourse expansion, new scoreboard, and more premium seating like a party deck in the rafters and The 1928 Club.

[URL="https://www.forbes.com/teams/boston-bruins/#48c23c06524e"]Boston Bruins on the Forbes The Business of Hockey List[/URL]

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[BMC]

Yet they can't buy decent seats for the fans to sit in

 

[BigBear83]

great!.. now invest in better ice..

 

[Fenway]

Yet they can't buy decent seats for the fans to sit in

Jacobs paid 2 million in cash for the Bruins in 1975 ( and gave TV 38 an 8 million dollar credit for 10 years of TV coverage )

The man knows how to make money.

 

[Therick67]

I hope Charlie got an increase in his allowance...

 

[the negotiator]

But ( Jeremy Jacobs soto voice) our operating income is much lower as a % of revenue than the other four which means we still need to tighten up our spending

Of course we don't know how the operating income is allocated ( Bruins, TD Garden, Delaware North, other subsidiary) so it is likely the true profitability of the Bs is significantly understated

But that's why he is a billionaire .....tax accounting rules whether we like it or not

 

[Gonzothe7thDman]

But ( Jeremy Jacobs soto voice) our operating income is much lower as a % of revenue than the other four which means we still need to tighten up our spending

Of course we don't know how the operating income is allocated ( Bruins, TD Garden, Delaware North, other subsidiary) so it is likely the true profitability of the Bs is significantly understated

But that's why he is a billionaire .....tax accounting rules whether we like it or not

He's a billionaire because his father and uncles started a business before Jacobs was born. Definitely a nice piece of inheritance.

 

[BNHL]

Shrink the seats further

 

[Smitty93]

View attachment 289639
The Bruins had a big increase in revenue and operating income during the 2018-19 season thanks to 13 playoff games at TD Center during their run to the Stanley Cup Finals, where they lost in seven games to the Blues. More revenue is on the way. The team increased season ticket prices 5% on average for the 2019-20 season, following a 7% increase prior to last season. Also, TD Garden is in the midst of a $100 million renovation, including a concourse expansion, new scoreboard, and more premium seating like a party deck in the rafters and The 1928 Club.

Boston Bruins on the Forbes The Business of Hockey List

View attachment 289641​

Interesting, like @the negotiator said, that their revenue is similar to Montreal/Toronto, but their profit is much lower.

Does this include their NESN minority ownership?

 

[Kate08]

 

[chizzler]

I’m sure there’s plenty Forbes doesn’t know.

 

[trenton1]

The top three don't have a Stanley Cup between them in a quarter century.

 

[McGarnagle]

The Rangers really surprised me at #1. Yeah, they do occasionally dip into the FA market, and had a good team culminating in a finals 5 years back, but I feel like they have no national footprint compared to the others on the list.

Probably falls on Dolan's shoulders for a failure in marketing. How they didn't put Lundqvist on every national commercial is beyond me.

 

[Spooner st]

He's a billionaire because his father and uncles started a business before Jacobs was born. Definitely a nice piece of inheritance.

No... he's a Billionaire because he inherited a family business and turn it into an empire.

 

[Gator Mike]

View attachment 289693

Dang it... beat me to it.

 

[Fenway]

Honestly, 1 billion seems low

His share of NESN is said to be $300M alone - let me just say the Jacobs Family has done well by Boston.

 

[CharasLazyWrister]

The Rangers really surprised me at #1. Yeah, they do occasionally dip into the FA market, and had a good team culminating in a finals 5 years back, but I feel like they have no national footprint compared to the others on the list.

Probably falls on Dolan's shoulders for a failure in marketing. How they didn't put Lundqvist on every national commercial is beyond me.

That kind of asset in that large of a market is going to take on a higher value almost naturally. The Islanders and Devils don’t even compare when it comes to dominating the New York market. My girlfriend grew up on Long Island and has tons of family there, and they’re all Rangers fans. They laugh when I tell them they should be rooting for the Isles.