The National Hockey League has seen a significant increase in team values, with the average NHL team now worth $1.92 billion. This rise in value can be attributed to steady revenue growth, a hard salary cap, and a leaguewide revenue-sharing system that ensure profitability for all 32 teams. The NHL’s hockey-related revenue for the 2023-24 season was $6.3 billion, an 8.6% increase from the previous season. Additionally, the league achieved record national sponsorship revenue of $250 million and record regular-season gate receipt revenue of $2.4 billion in the same season.
With richer media deals, the NHL’s average team posted EBITDA of $45 million on revenue of $223 million for the 2023-24 season. This financial success has helped propel the league’s overall value and reputation. The NHL’s ascension in team values now rivals deals done in Major League Baseball, showing the increasing respect and recognition the league is receiving in the sports industry.
Overall, the NHL’s financial stability and growth trajectory bode well for the future of professional hockey. As the league continues to expand and secure lucrative revenue streams, it is likely that team values will continue to increase, solidifying the NHL’s position as a major player in the sports world.
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