Sportico published its 2024 NHL team valuations on Wednesday that showcased how investors currently view the sport. The average team is now worth $1.79 billion, up 37% from a year ago and 77% versus 2022.
The NHL has new ownership for its two biggest problem franchises (Arizona and Ottawa), arenas are packed for games and concerts, and the next Canadian TV deal is expected be worth more than double the current pact and even triple if things break right.
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NHL insider Kevin Weekes joined Sportico in the PMC studios to break down the business of hockey. Weekes has been involved in the NHL for three decades since he was selected in the second round of the 1993 NHL Draft.
He retired in 2009 after an 11-season NHL career as a goalie and immediately moved into broadcasting. ESPN hired Weekes in 2021, and he also works for the NHL Network and TSN. He has been a jack-of-all-trades, working in the studio and as a color analyst, doing player interviews and breaking news. This year, Weekes launched Speekes, a consultancy firm with his wife Megan that advises on media strategy and communications.
Weekes was born in Toronto, and his hometown Maple Leafs lead the NHL valuations for the fourth straight year at a $3.66 billion valuation, followed by the New York Rangers ($3.25 billion), Montreal Canadiens ($2.93 billion), Boston Bruins ($2.67 billion) and Los Angeles Kings ($2.5 billion). Weekes shares his thoughts on the league’s growth and franchises in Toronto, Edmonton, Nashville, Tampa and Ottawa.
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