The Business Of Hockey - Forbes.com

The Business Of Hockey - Forbes.com:

"The Business Of Hockey
Edited By Michael K. Ozanian and Kurt Badenhausen 11.09.06, 6:00 PM ET
Hockey teams are worth more today because player salaries have gone down to 54% of NHL revenue from 66%. Fixed player costs bring greater certainty to the bottom line, which in turn means buyers will pay a higher multiple of revenue to acquire a franchise. The average hockey team is now worth $180 million and makes an operating profit (in the sense of earnings before interest, taxes, depreciation and amortization) of $4.2 million. During the 2003-2004 season, the last before the lockout, the average hockey team was worth $163 million and lost $3.2 million. More... "