Nhl 22 team of the year6/12/2023 Just as in other sports, big-market teams like the Rangers and the Maple Leafs will command premiums. There are outliers to the new standard valuation multiple of 4.5, of course. Under the CBA between the owners and the players, hockey-related revenue is used in the calculation that determines the salary cap each season. League Projections For Hockey-Related Revenue Hockey-related revenue refers to all revenue from the playing of NHL games or NHL-related events, including tickets (general and premium), merchandise and concession sales, all TV and radio deals, sponsorship and parking. By 2025-26, the NHL thinks that revenue will hit $6 billion, 22% more than in the 2019-20 season. Add it all up, and league insiders say that the NHL’s hockey-related revenue should increase from a projected $4.8 billion this season to $5.4 billion in 2022-23. That number should tick up further as teams lock down jersey patch sponsors this season, with the patches set to debut in 2022-23. In addition, the league has increased sponsorship revenue, to $676 million last season from $560 million during the 2017-18 season, according to IEG. (They’re also helped by the fact that a buyer would have to pay a premium to acquire an Original Six team in the NHL’s biggest market.) Madison Square Garden completed a $1 billion renovation eight years ago, helping push the Rangers to the top of the Forbes ranking even though they don’t lead the league in revenue. The Philadelphia Flyers are in the midst of a $300 million transformation of Wells Fargo Center and are now worth $1.2 billion, up 50% from our last set of valuations. Some older arenas are also getting makeovers that pay dividends. The New York Islanders moved into a brand-new arena this season-accounting for their 83% increase in value, to $950 million-as did the expansion Seattle Kraken, who paid a $650 million fee to enter the league and who have begun their first season valued at $875 million on the heels of strong ticket sales. Rogers Place, home of the Edmonton Oilers, was christened in 2016. The Penguins’ home, PPG Paints Arena, opened about a decade ago. Another reason for the rise in multiples: new arenas that throw off lots of cash from fancy seating, advertising and concessions. media deals with ESPN and Turner that began this season and will pay the NHL an average of $625 million a year, versus the average of $300 million the league was getting from NBC for its TV rights and ESPN for streaming only. Bankers tell Forbes that there are a few reasons for the multiple increase.
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