Forbes: Flyers 7th-Most Valuable Team in NHL
Comcast has a few quirky items in its portfolio. Comcast Ventures backs a sports gambling site. Comcast owns theme parks based on a fictional boy wizard. The company also owns a ticketing company that is worse than Ticketmaster.
But the strangest business Comcast owns has to be the Philadelphia Flyers, a hockey team that usually does pretty well — but hasn’t won the Stanley Cup in almost 40 years, and sometimes still seems to be stuck in the 1970s. But not in how much the team is worth! Yesterday, Forbes posted its annual valuations of NHL teams, and the Flyers are the 7th-most valuable team in professional hockey.
Forbes values the Flyers at $625 million, based on revenue of $136 million last season and an operating income of $11 million.
Here’s what Forbes had to say about the team:
The team had the fourth-highest average attendance (19,839) in the league last season and charges average prices for non-premium ($72) and premium seats ($185) well above the league averages, according to Team Marketing Report.
The Toronto Maple Leafs are the most valuable team in pro hockey, according to Forbes, at $1.3 billion. Two other teams cracked the billion mark: the New York Rangers ($1.1b) and the Montreal Canadiens ($1b). The Flyers are also less valuable than the Chicago Blackhawks, the Vancouver Canucks and the Boston Bruins.