Where do Pittsburgh Penguins rank on Forbes Most Valuable?
Forbes released a list of the most valuable NHL teams on December 5th. The Pittsburgh Penguins saw an increase of 14% from last season.
The Pittsburgh Penguins and the rest of the NHL were featured in a popular publication this month. That publication was Forbes.com.
While Sports Illustrated gives you half naked pictures of athletes like Brent Burns and Hilary Knight, Forbes.com gives you…not that.
On December 5th however, they did release a list of the “Most Valuable Teams in the NHL”.
While it might not prod the imagination as much as almost seeing some professional athlete’s five hole , it is an interesting peak into the business side of hockey.
The List
Going into this list, I’ll be honest: I was looking for Pittsburgh in the top five.
I got my scroll on, but had to venture a little further than I would have guessed.
As of 2017, the Pittsburgh Penguins are the 10th most valuable team in the NHL. The team is valued at about 650 million dollars.
This number is based on the current arena deal, but also takes revenue, TV deals, and advertising into consideration.
Here are the other top nine most valuable teams according to Forbes:
- New York Rangers
- Toronto Maple Leafs
- Montreal Canadiens
- Chicago Blackhawks
- Boston Bruins
- Los Angeles Kings
- Philadelphia Flyers
- Vancouver Canucks
- Detroit Red Wings
Big market teams do big market things. New York at number one is no surprise, and they’ve actually held this position for three years. They are worth 1.5 billion dollars.
Leafs and Hab games are basically church for our fine friends up North, and I imagine they’ll hold spots in the top five forever.
The city is a much more prevalent factor in how much money the team is worth when compared to recent success. You would think that two cups in as many years would spike the value of a franchise, but small markets like Pittsburgh don’t even come close to the allure of an NYC or LA.
What’s your take on the list? Any big surprises? Or did it shape up how you expected? Let us know in the comments! Don’t forget to like Pens Labyrinth on Facebook and follow the blog on Twitter.