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According to Forbes, the Washington Capitals are the 11th most valuable franchise in the NHL

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.

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Braden Holtby named to Forbes Magazine’s 30 Under 30 Sports List for his work on and off the ice

A day after being named the NHL’s third star of the week, Braden Holtby just received another prestigious honor. Forbes Magazine named the Capitals goaltender to its 30 Under 30 Sports list. Holtby is one of only three hockey players to be included – PK Subban and Hillary Knight were the others.

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By Ian Oland On November 14, 2017 0 Comment

According to Forbes, the Capitals franchise is worth more than the Penguins

Forbes came out with their annual valuation of every NHL franchise on Wednesday. According to the business magazine, the Capitals are the tenth most valuable team in hockey, coming in at $575 million.

For all their gaudy banners and no cup jokes, the Pittsburgh Penguins are a less valuable franchise than the Capitals, by approximately five million.

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By Ian Oland On December 1, 2016 0 Comment

Alex Ovechkin on the Cover of Russian Forbes

ovechkin-forbes-russia

Alex Ovechkin just landed on another magazine cover. This time it’s the Russian Forbes and Ovi looks very serious about it.

In the accompanying article, the business side of Ovechkin’s hockey career is intimately discussed, including the Russian machine’s 13-year NHL contract and why he decided to drop Don Meehan as an agent early in his career – opting instead to make decisions as a family.

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By Ian Oland On July 22, 2016 0 Comment