Jets down to 20th on Forbes’ list of NHL teams
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 25/11/2014 (4036 days ago), so information in it may no longer be current.
The Winnipeg Jets are the 20th most valuable franchise in the NHL, according to an annual study from Forbes magazine.
The New York-based business bible pegs the Jets’ value at $358 million ($US), up five per cent from $340 million a year ago. (All figures are in US dollars.) Since then, however, four other teams have leapfrogged the Jets in value, knocking them down from 16th place.
The Jets’ revenue for the 2013-14 season was $103 million and its operating income was $3.3 million, Forbes said.
The magazine acknowledged that the team has sold out every one of its games since the relocation but without an NBA tenant at the MTS Centre and “not much” in concert revenue, “the Jets must make the playoffs to ensure a big profit.”
When True North Sports & Entertainment, which owns the MTS Centre, purchased the Atlanta Thrashers in May 2011 (and subsequently rechristened them the Jets), it paid $170 million, which included a $60-million relocation fee.
geoff.kirbyson@freepress.mb.ca
