The National Hockey League’s team values have been steadily increasing, with the average NHL team now worth $1.92 billion. The league’s revenue has been growing consistently, with hockey-related revenue reaching $6.3 billion for the 2023-24 season, an 8.6% increase from the previous season. This growth is attributed to a combination of steady revenue growth, a hard salary cap, and a leaguewide revenue-sharing system that ensures profitability for all 32 teams.
The NHL has also achieved record national sponsorship revenue of $250 million and record regular-season gate receipt revenue of $2.4 billion. Additionally, richer media deals have contributed to a better bottom line for professional hockey, with the average NHL team posting EBITDA of $45 million on revenue of $223 million for the 2023-24 season.
Overall, the NHL is commanding more respect when it comes to team values, with recent transactions rivaling deals done in Major League Baseball. The league’s financial success can be attributed to its steady revenue growth, combined with a hard salary cap and revenue-sharing system that ensure profitability for all teams. With richer media deals and record sponsorship and gate receipt revenue, the NHL’s 32 teams are in a strong position financially.
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