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Maple Leafs 1st NHL team worth $1 billion US

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Old
11-28-2012, 12:33 PM
  #1
TOG26
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Maple Leafs 1st NHL team worth $1 billion US

http://www.forbes.com/sites/mikeozan...rth-1-billion/

Interesting the gap between Toronto and Montreal/New York.

Also quite funny this is released during the lockout...

Edit: Sportsnet has a easier to read list of value and last year revenue. http://www.sportsnet.ca/hockey/2012/...illion_forbes/


Last edited by TOG26: 11-28-2012 at 12:44 PM.
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Old
11-28-2012, 12:39 PM
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Michael Gary Scott
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by far worth the most, but still a bottom 5 team...

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Old
11-28-2012, 12:44 PM
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noway
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Sounds like a good time to start a new league.

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Old
11-28-2012, 12:44 PM
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Grant
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Leafs have almost identical revenue compared to NYR but make almost 8m more a year yet I thought it was said Toronto has the highest paid front office?

It's because teams do 'sneaky' things to make their income look like less than it actually is.

Of the 13 teams that are 'losing' money, 4 of them 'lost' less than 4m. I'd wager that all of those teams actually earned a profit. The remaining 9 teams may have actually lost a little money since they are closer to losing in the 10m range. I can guarantee that they didn't lose as much as they claim to however.

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11-28-2012, 12:59 PM
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Jerkini
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richest team in the nhl, complete refusal to open the coffers to attract the best talent in the world.

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11-28-2012, 01:01 PM
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JAMmer124
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richest team in the nhl, complete refusal to open the coffers to attract the best talent in the world.
We spend to the cap or close to it yearly....

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11-28-2012, 01:01 PM
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Dunni
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We spend to the cap or close to it yearly....
And allegedly have the highest paid front office staff.

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11-28-2012, 01:02 PM
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richest team in the nhl, complete refusal to open the coffers to attract the best talent in the world.
Spend to cap every year so your statement just isn't true. Maybe you meant refuse to handicap the team to 10+ year contracts?

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Old
11-28-2012, 01:03 PM
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Dark Knight
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We do spend money on resources so spending money is not my concern. It is hiring the right personnel that is a concern to me.

Our scouting staff over the past 20 years is the probably the worst in all pro sports.

That is absolutely pathetic when you're considered the most valuable franchise.

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11-28-2012, 01:08 PM
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AINEC
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Only a billion? Raise those ticket prices!

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Old
11-28-2012, 01:10 PM
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Some things teams have done or currently do to make income look lower than it is (for tax purposes):

1. Players are considered as 'assets' for teams. In accounting you are supposed to depreciate assets that will generate revenue for more than 1 year to better match their cost with the revenue they generate. What this does is not only do the teams pay the players and list the players salary as 'salary expense', but you also take their salary and make it a depreciation expense. Basically double counting some of the players salary and reducing it from your income to make your income look less than it is.

2. Team Owners have paid themselves a salary.
eg. Say a team gets 100m in revenue and an income of 0, now the owner pays them self a 10m salary. This now reduces the income of the team to -10m, increases the income of the owner from 0 to 10m on their personal income tax (PIT). You can make your team a certain type of corporation that makes it become a 'pass through firm' letting any income from the team go towards your PIT. The team's income is -10m, the owners income is 10m. The teams income gets passed through to the owner and now it appears as if the owner has no income and therefore doesn't pay and PIT.

3. Reserve senior positions in the company to family (fairly similar to #2)

4. Borrow money from the team at a 0% interest rate.
Now the owner can invest the borrowed money and make it look like a loss and again similar to #2 reduce their taxes.

5. Revenue Shifting
eg. Rogers owns the Jays. Rogers broadcasts the Jays game. Rogers doesn't pay the Jays the market value for the rights to broadcast the games. Jays get less revenue because of this, shifting the revenue instead to Rogers. Jays earning less money allows them to get some more money from the league profit sharing (or pay less into the league profit sharing, I'm not sure on how it works in the MLB).


Tricks like these are (or once were) legal. All accounting practices are followed and no rules are broken. These are some examples of how teams make it look like they are losing money when they really aren't.

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Old
11-28-2012, 01:16 PM
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Anybody know what the Leafs' value was in 2011? Only thing I can find is '09 and it shows them at 470m. Seems incredible how they managed to double their value in just a few short years (though I guess the selling has more to do with that).

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11-28-2012, 01:42 PM
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Interesting that the original 6 are the top 6 this year.

1. Toronto $1B
2. NYR $750M
3. Montreal $575M
4. Chicago $350M
5. Boston $348M
6. Detroit $346M
7. Vancouver $342M
8. Philadelphia $336M
9. Pittsburgh $288M
10. Los Angelas $276M

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11-28-2012, 01:57 PM
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A billion dollars eh. Wow! Leafs= Dallas Cowboys of the NHL

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11-28-2012, 02:05 PM
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Even by those estimations, Toronto, NYR and Montreal blow the others out of the water.

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11-28-2012, 02:12 PM
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Raym11
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estimates are pretty insane i dont think it's that high, but i think the % in difference between values would remain the same between toronto and the rest even at lower value


I feel like MTL is worth closer to what the Leafs are worth though

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11-28-2012, 02:13 PM
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Katie Strang Katie Strang ‏@KatieStrangESPN
#CBA #NYR Rangers are second most profitable team ($74 million). Coupled with TOR and MTL, those three teams account for 83% of NHL's income

Puts it into perspective for you.

Furthermore,
#CBA According to article, top 5 teams (TOR, NYR, MTL, CHI and BOS) worth avg $605M while bottom 5 (CAR, NYI, CBJ, PHX, STL) avg at $145M

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11-28-2012, 02:15 PM
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Jerkini
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Quote:
Originally Posted by Hurt View Post
Spend to cap every year so your statement just isn't true. Maybe you meant refuse to handicap the team to 10+ year contracts?
I didn't know you could predict the future. How's that working out for you?

Leafs are running the on-ice product like it's a small market team and fans are eating it up. How about the team in 10 years? How about we live in the moment instead. Especially when this team is rich enough to make mistakes disappear.

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Old
11-28-2012, 02:21 PM
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DirtyDion03
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Quote:
Originally Posted by Raym11 View Post
estimates are pretty insane i dont think it's that high, but i think the % in difference between values would remain the same between toronto and the rest even at lower value


I feel like MTL is worth closer to what the Leafs are worth though
How? Does MTL have anything close to the Leafs practice facility? Do they even have their own TV channel? Not only that but I'm pretty sure Leafs ticket prices are way more then Montreal's..

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11-28-2012, 02:31 PM
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Hurt
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Quote:
Originally Posted by Jerkini View Post
I didn't know you could predict the future. How's that working out for you?

Leafs are running the on-ice product like it's a small market team and fans are eating it up. How about the team in 10 years? How about we live in the moment instead. Especially when this team is rich enough to make mistakes disappear.
Except when the last CBA was only 7 years in length and the 'mistakes' may be stuck around your neck when a new one is signed, what then? It's not about predicting the future as much as being informed about how the league works.

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Old
11-28-2012, 02:38 PM
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Pinto
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We're #1, we're #1!

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Old
11-28-2012, 02:42 PM
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satyr9
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Yeah, time to move the goal posts and claim victory. We can finally use that well-planned parade route we're always talking about.

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Old
11-28-2012, 02:47 PM
  #23
Eb
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Love how the Top 6 consists of the Original 6

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11-28-2012, 02:49 PM
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Kyle Doobas*
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Quote:
Originally Posted by Jerkini View Post
Leafs are running the on-ice product like it's a small market team and fans are eating it up. How about the team in 10 years? How about we live in the moment instead.
You mean like when we traded Rask for Raycroft, or a 1st for Toskala? I'm sure a 31 year-old Brad Richards would've saved us.

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Love how the Top 6 consists of the Original 6
And people say the whole 'Original Six' thing is overplayed. I wonder why.

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Old
11-28-2012, 02:59 PM
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Interesting fact: If one person was to win the jackpot on Power Ball they would have enough money to purchase both the St.Louis Blues AND The Phoenix Coyotes. Just imagine if you could buy both and morph them into a super team?

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