The value of The Avalanche fell 2% and was estimated at $ 465 million in Forbes’ annual ‘The Business of Hockey’. that was released Wednesday.
Because of the pandemic, the NHL team’s average drop was 2% to $ 653 million, the first drop since 2001.
Colorado’s sales were $ 115 million, but with operating income of $ 10 million negative, the report said. The Avs were 22nd in team value among the 31 NHL teams, a spot behind the Stanley Cup-winning Tampa Bay Lightning, who collected no more than $ 20 million from any of the two previous cup winners by winning the championship in a bubble free .
The NHL played only 85% of the 2019/20 regular season with fans, before the game was suspended on March 12 due to the coronavirus crisis.
Total revenue for the league was $ 4.4 billion last season, down 14% from 2018/19.
Forbes wrote that “The five most valuable teams in the competition – New York Rangers ($ 1.65 billion), Toronto Maple Leafs ($ 1.5 billion), Montreal Canadiens ($ 1.34 billion), Chicago Blackhawks ($ 1.085 billion) and Boston Bruins ($ 1 billion) – were good for nearly a quarter of the competition’s revenue. Without them, the competition would have lost $ 50 million. ”