Tuesday morning, Forbes Magazine came out with its latest valuations of every NHL franchise and things are looking very good on the business side for the Washington Capitals. Two months after Laurene Powell Jobs, the widow of Steve Jobs, bought 20% of Monumental Sports and Entertainment, Forbes says the Capitals have seen a 9% increase in its value over the last year.
Since last season, the Capitals have notably negotiated a new rights deal with NBC Sports Washington and signed a 10-year, $100 million naming rights deal with Capital One. They’re also in the afterglow of two consecutive President’s Trophies.
According to Forbes, the New York Rangers ($1.5 B) are the most valuable franchise in the NHL while the Toronto Maple Leafs ($1.4 B), Montreal Canadiens ($1.25 B), and Chicago Blackhawks ($1 B) are all worth over one billion dollars.
Here’s the rest of the top ten.
Screenshot via Forbes
The Capitals sit in 11th and have a revenue of $146 M. Forbes also provided these quick facts on the franchise.
Owner: Ted Leonsis
Price Paid: $85 M
Year Purchased: 1999
Revenue: $146 M
Operating Income: $16 M
Player Expenses: $76 M
Gate Receipts: $68 M
Wins-to-player cost ratio: 140
Revenue per Fan: $20
Metro Area Population: 6 M
In October, when Powell Jobs bought around 20 percent of MSE, the Capitals were valuated at around $900 million (USD) in the sale. Sportsnet’s Elliotte Friedman was the first to report the news.
Ted Leonsis bought the team in 1999 for $85 million from Abe Pollin.
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