By: Brandon Brown, Phoenix Business Journal
The Arizona Coyotes are the least valuable team in the National Hockey League, according to a new report by Forbes.
The financial publication publishes a list every year ranking the NHL franchises by their valuation, and in the 2021 list, which was published last week, the Coyotes came in dead last.
Forbes valued the Coyotes at $400 million. The top-ranked team – the New York Rangers – was valued at $2 billion. The Buffalo Sabres, Columbus Blue Jackets and Florida Panthers are the three teams just ahead of the Coyotes, valued respectively at $500 million, $475 million and $450 million.
The Coyotes' low valuation has several factors, including its arena situation and poor financial performance.
As of now, the Coyotes don’t have a place to play for the 2022-2023 season. The team and league, which spoke negatively about Gila River Arena in Glendale for years, are searching for a new Valley home.
Read more of this story from the Business Journal.
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FAQs
Forbes valued the Coyotes at $400 million. The top-ranked team – the New York Rangers – was valued at $2 billion. The Buffalo Sabres, Columbus Blue Jackets and Florida Panthers are the three teams just ahead of the Coyotes, valued respectively at $500 million, $475 million and $450 million.
Which NHL team makes the least money? ›
The Arizona Coyotes ranked as the NHL's least valuable team at $450 million, which is $100 million less than the Florida Panthers, the next closest team. Despite the relatively low valuation, and the fact that the Coyotes now share an arena with Arizona State University, they still saw an increase of 12%.
Do the Arizona Coyotes lose money? ›
Arenas in 3 locations. The Coyotes had hoped a new arena in Tempe would finally allow the franchise to settle down after perennially losing money and playing in three different venues since moving to Arizona.
What is the least successful NHL team? ›
The Arizona Coyotes have the lowest playoff winning percentage, (. 352). Additionally, the Boston Bruins lead all NHL franchises in playoff losses (337).
Why does Gary Bettman want to keep the Coyotes in Arizona? ›
Asked Saturday why the league has been so patient about keeping the Coyotes in Arizona amid turmoil over the years from ownership changes to arena uncertainty, Bettman pointed to the size of the market and the team being a bit of a "victim of circ*mstance." While there were questions raised about interest for a team in ...
Do the coyotes make money? ›
The annual National Hockey League revenue of the Arizona Coyotes reached 127 million U.S. dollars in the 2021/22 season.
How much are Arizona Coyotes worth? ›
The team is currently valued at $450 million and is ranked as the 32nd most valuable organization in the NHL. Arizona's value has increased by 12.5% from the previous year. The team's owners are Alex Meruelo and Andrew Barroway, whose net worth is $2 billion and $1 billion, respectively.
Why are the Arizona Coyotes broke? ›
After several prospective purchases fell through, the team was finally sold in the summer of 2013. Gila River Arena, formerly known as Jobing.com Arena, former home of the Coyotes. The lease agreement of the Arena was cited as one reason for the bankruptcy of the franchise.
What's up with the Arizona Coyotes? ›
After a turbulent relationship with the city of Glendale, the team moved to Tempe. Sharing Mullett Arena with ASU's hockey teams, the Coyotes never turned to the 5,000-seat venue as a long-term solution. The Coyotes and ASU agreed to a three-year deal with a mutual option for the 2025-26 NHL season.
Do the Phoenix Coyotes sell out? ›
The deal took effect in the 2022–23 season, which saw the Coyotes sell out all 41 of their home games at the facility.
Boston Bruins
Sitting atop arguably the toughest division in hockey, the Bruins are the NHL's premier tough-as-nails team. The roster alone is enough to make opponents wet the bed. Milan Lucic, Zdeno Chara, Shawn Thornton, Nathan Horton... when the B's aren't scoring, they're bringing the pain.
What NHL team has the biggest fan base? ›
Chicago Blackhawks
It's not really that surprising that the Chicago Blackhawks have amassed the largest fan base in the NHL. After all, this team was part of the NHL's “Original Six.” Blackhawks fandom dates all the way back to when the team was founded in 1926.
What is the oldest NHL team to not win a Stanley Cup? ›
Among the current 32 active NHL teams, 11 have never won the Stanley Cup, with the oldest of them being the Vancouver Canucks and the Buffalo Sabres (52 seasons). The longest Stanley Cup drought in NHL history belongs to the Toronto Maple Leafs (55 seasons), breaking a tie with the New York Rangers.
Is the NHL the lowest paid sport? ›
Well, the reality is that it certainly pays less than football, baseball, and basketball. But… hockey isn't the lowest paying sport in North America. Of all major North American sports leagues, the NHL only beats out one sport: soccer.
What is the most financially successful NHL team? ›
The New York Rangers and the Los Angeles Kings had the highest revenue out of all the National Hockey League franchises in the 2021/22 season.
What is the cheapest NHL game? ›
The FLA Live Arena in Sunrise, home to the Florida Panthers, is considerably the cheapest in the league, with average ticket prices as low as $62.23. A family of 4 can expect to enjoy a game for a moderate $222.04 in Sunrise – 71% cheaper than the NHL average ($380.93).
Which NHL team is most profitable? ›
Toronto Maple Leafs is the most profitable NHL hockey team as of 2022. The club reportedly has an operating income of $116 million, as of 2022.
