Putting a Price on the Predators R in 2014, Three by E.J
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PUTTING A PRICE ON THE PREDATORS R In 2014, three BY E.J. BOYER | [email protected] | 615-846-4258 NHL teams were valued at more 24TH than $1 billion, the According to an annual report by Forbes that estimates the value of NHL teams, the Predators crossed Where the Preds’ value ranks out most to ever cross into the black in the 2013-14 season. Here’s how the Preds stack up in value compared to the rest of the that mark. The top of 30 NHL teams, five teams are: National Hockey League. according to Forbes 1. TORONTO MAPLE LEAFS R Though the R Value: $1.3B Predators’ 22% value increased R Revenue: $190M The Preds’ one-year substantially in the growth in value R Operating 2013-14 season, income: $70.6M it still lags the $1.3B National Hockey $490M Estimated value of the $250M 2. NEW YORK League average. Average NHL Toronto Maple Leafs in Estimated value 11 RANGERS team value in 2013-14, the No. 1 team of the Preds in Where the Preds’ 2013-14, a new R Value: $1.1B when ranked by value 2013-14 increase in value all-time high R Revenue: $217M ranks out of 30 R Operating NHL teams income: $84.4M 3. MONTREAL CANADIENS 34 The debt-to-value R Value: $1B percentage for the R Revenue: $187M Preds R Operating income: $59.8M $3.7B $453M NHL revenue in 2013-14, a 9.7 percent increase over the 2011- NHL operating income in 2013-14, an 82 percent increase 4. CHICAGO 12 season, the league’s last full season over the 2011-12 season, the league’s last full season $98M BLACKHAWKS Estimated revenue for 2013-14 season R Value: $825M R Revenue: $172M R Between 1992 and 2000, the NHL expanded from 21 teams to 30, adding several teams across the South in an effort to R Operating widen the league’s reach. Here’s how the Predators rank when compared against other Southern hockey teams: income: $50.2M $1.7M Team Rank by value Estimated value Estimated revenue Estimated operating income Estimated operating income 5. VANCOUVER Dallas Stars 15 $420 million $113 million $3.5 million CANUCKS for 2013-14 Nashville Predators 24 $250 million $98 million $1.7 million R Value: $800M R Revenue: $154M St. Louis Blues 25 $235 millio $98 million ($6.5) R Operating Tampa Bay Lightning 26 $230 million $97 million ($11.9) income: $46.7M Carolina Hurricanes 28 $220 million $91 million ($14) Florida Panthers 30 $190 million $83 million ($15.6) Note: All values are Forbes’ estimates. SOURCE: FORBES CHEAP SEATS The Predators consistently rank among the cheapest tickets in the NHL. While the team could raise prices following its playoff run, COO Sean Henry said that’s off the table: “If I knew today that we’re going to win the next five Stanley Cups … we would still strive to be Leafs Oilers Canucks Blackhawks Flames Predators Blue Jackets Panthers Coyotes Hurricanes ... one of the lowest ticket prices in the entire league.” $446.25 $328.33 $296.56 $279.60 $$264.92 $103.14 $100.84 $93.28 $90.26 $62.08 Note: Figures are averages from the secondary-ticket SOURCE: TIQIQ market during the 2014-15 season. 5 MOST EXPENSIVE 5 CHEAPEST FILLING UP 20,000 SOURCE: ESPN 2014-15 SEASON CITY COMPARISON Team Avg. attend. Ranking SMASHVILLE Nashville 16,844 21 Deep playoff runs in the 2010- 17,500 16,974 St. Louis 18,469 14 16,690 16,600 16,844 11 and 2011-12 seasons helped 16,142 Chicago 21,767 1 boost the Preds’ average Carolina 12,492 29 attendance, shown here. The 15,000 New York Rangers 18,006 17 Preds are back in the playoffs after a two-year absence. 2010-11 2011-12 2012-13 2013-14 2014-15 Toronto 19,056 7.