Jets down to 20th on Forbes’ list of NHL teams
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Hey there, time traveller!
This article was published 25/11/2014 (4282 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
