Forbes: The value of NHL franchises fell on average for the first time in 19 years, 15 teams lost money last season
The coronavirus pandemic shortened the NHL’s 2019-20 season by a sixth and deprived playoff teams of fans in the playoffs. According to a thorough analysis by Forbes, this resulted in NHL teams’ values falling on average two percent, making the first decline since 2001.
Fifteen teams lost money and nine posted double-digit operating losses as the NHL’s total revenue dropped 14 percent from the year before. The $4.4 billion in revenue kept the league’s salary cap static and depressed free agency in the fall.
Forbes added that operating income was $250 million a drop of 68 percent. “That’s left many owners scrambling for a lifeline,” Forbes said.