The National Hockey League is experiencing a surge in team values, with the average NHL team now worth $1.92 billion. This increase is due to steady revenue growth, a hard salary cap, and a leaguewide revenue-sharing system that ensure profitability for all 32 teams. In the 2023-24 season, the NHL saw hockey-related revenue reach $6.3 billion, a significant increase from the previous season. The league also achieved record national sponsorship revenue of $250 million and record regular-season gate receipt revenue of $2.4 billion.
With richer media deals in place, the NHL’s bottom line is improving, with the average team posting EBITDA of $45 million on revenue of $223 million for the season. Recent transactions in the NHL are commanding revenue multiples that rival deals done in Major League Baseball, indicating the league’s growing influence in the sports world.
Overall, the NHL’s success can be attributed to its strong financial model, which promotes stability and profitability for its teams. As a result, the league is now seen as a major player in professional sports, with each team’s value continuing to rise.
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