NHL Team Valuations Soar 29% To Average $1.31B: Here's The Top 10, Including Three Owned By Public Companies
Portfolio Pulse from Chris Katje
The average valuation of NHL franchises has increased by 29% to $1.31 billion. The Ottawa Senators were sold for $950 million, around seven times the company's annual revenue. The Toronto Maple Leafs, the most valuable NHL franchise, are partially owned by Rogers Communications (NYSE:RCI) and BCE Inc (NYSE:BCE), each owning 37.5%. The New York Rangers, the second highest-valued NHL team, are owned by Madison Square Garden Sports Corp (NYSE:MSGS). Comcast Corporation (NASDAQ:CMCSA) owns the Philadelphia Flyers.
November 09, 2023 | 12:11 am
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POSITIVE IMPACT
BCE Inc's stake in the Toronto Maple Leafs could benefit from the increased valuation of NHL franchises.
As the value of NHL franchises increases, the value of BCE Inc's stake in the Toronto Maple Leafs is likely to increase as well.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
Comcast Corporation's ownership of the Philadelphia Flyers could benefit from the increased valuation of NHL franchises.
As the value of NHL franchises increases, the value of Comcast Corporation's ownership of the Philadelphia Flyers is likely to increase as well.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
Madison Square Garden Sports Corp's ownership of the New York Rangers could benefit from the increased valuation of NHL franchises.
As the value of NHL franchises increases, the value of Madison Square Garden Sports Corp's ownership of the New York Rangers is likely to increase as well.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
Rogers Communications' stake in the Toronto Maple Leafs could benefit from the increased valuation of NHL franchises.
As the value of NHL franchises increases, the value of Rogers Communications' stake in the Toronto Maple Leafs is likely to increase as well.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75