Forbes | RMNB

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.

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By Ian Oland 3 months ago

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Washington DC is a better sports city than Pittsburgh according to Forbes

After three major titles over the last two years, Washington DC is now America’s twelfth best sports city according to Forbes.

Forbes released their final rankings on its website Friday.

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By Ian Oland 7 months ago

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Forbes says the Pittsburgh Penguins have the NHL’s best fans

Forbes published a list naming the best and worst fanbases in the NHL.

Citing Facebook Likes and a five-year sell-out streak, Forbes named the Pittsburgh Penguins the best fans in the NHL. The Bruins, Blackhawks, Golden Knights, and Sabres make up the rest of the top five. Capitals fans did not make the list.

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By Ian Oland 1 year ago

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Alex Ovechkin named second-most successful Russian athlete by Forbes Russia

Forbes Russia released its 40 most successful sports athletes under 40. Washington Capitals captain Alex Ovechkin ranks very high on the list.

The all-time greatest Russian goalscorer and point-scorer in NHL history ranks second behind UFC lightweight champion Khabib Nurmagomedov, who landed the cover of the magazine.

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By Ian Oland 2 years ago

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According to Forbes, the Capitals are the 10th most valuable franchise in the NHL

Last Wednesday, Forbes released its valuations for each NHL franchise. The Caps are ranked tenth in total valuation at $725 million, well over the league average of $630 million.

The leaders for valuation include the New York Rangers ($1.5 billion), the Toronto Maple Leafs ($1.45 billion), and the Montreal Canadiens ($1.3 billion).
Here’s the rest of the top 10.

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By Julia Karron 2 years ago

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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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By Ian Oland 3 years ago

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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 3 years ago

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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 4 years ago

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Alex Ovechkin on the Cover of Russian Forbes

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 5 years ago

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