The Avalanche’s worth declined 2% and was valued at $465 million in Forbes’ annual “The Business of Hockey,” .
Because of the pandemic, the NHL’s average team decline was 2%, to $653 million, the first decline since 2001.
Colorado’s revenue was $115 million but with an operating income of negative $10 million, according to the report. The Avs were 22nd in team worth among the 31-team NHL, one spot behind the Stanley Cup-winning Tampa Bay Lightning, which failed to collect more than $20 million from each of the two previous Cup winners by winning the championship in a bubble without fans.
The NHL played just 85% of the 2019-20 regular season with fans, before suspending play March 12 because of the coronavirus crisis.
Total revenue for the league was $4.4 billion last season, 14% less than 2018-19.
Forbes wrote that — New York Rangers ($1.65 billion), Toronto Maple Leafs ($1.5 billion), Montreal Canadiens ($1.34 billion), Chicago Blackhawks ($1.085 billion) and Boston Bruins ($1 billon) — accounted for almost a quarter of the league’s revenue. Without them, the league would have lost $50 million.”
