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Edmonton Oilers and Calgary Flames net worth with the new arenas?

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12-04-2013, 03:03 PM
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viper0220
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Edmonton Oilers and Calgary Flames net worth with the new arenas?

According to Forbes the Edmonton Oilers are worth $400 Million, how much will the team be worth when they have their new arena all built and ready and they are playing in it.

The Calgary Flames are worth $420 Million(according to Forbes), when the the Oilers go into their new arena, they will probably be worth way more than that. But what will Calgary Flames be worth, when they move into their new arena?(they will get one, they are working on it).

Will they get into the top 10 and come close to what the Vancouver Canucks are worth $700 million(according to Forbes).



http://www.forbes.com/sites/mikeozan...aluable-teams/



http://www.forbes.com/nhl-valuations...on:asc_search:

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12-04-2013, 03:33 PM
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powerstuck
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All this depends on the fact that are either of Oilers or Flames going to be owners on the arena ?

If they are, then yes the value should go up somewhat.

Most recent transaction in hockey including the team and the arena is Gillet to Molson sale of Montreal Canadiens, the total price was around $550M (a few years ago still) that is supposed to represent nearly $250M for the team and $300M for the arena.

If they do not own the arena, their value would not change because it does not impact the teams assets. Only change would come from estimated supplementary revenue from the new arena (more seats, more luxury boxes, more ad space) vs the old one.

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12-04-2013, 03:39 PM
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BigZ65
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They wouldn't agree to an arena deal if they weren't the operators of the arena. That would be a death sentence for a franchise like the Oilers or Flames. Owning the arena doesn't really matter a whole lot, just means that you take all liabilities. As long as they operate the arena and derive most of the revenue from all events they will be in great shape.

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12-04-2013, 04:15 PM
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Roughneck
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Calgary's value would shoot up closer to be closer to Vancouver than Edmonton's because of the corporate base (second only to Toronto). In the end the BC market is worth more than half the Alberta market so I don't think the Flames can ever really pass the Canucks in value but they should be able to get pretty close when they can stuff in as many luxury boxes and club seats as possible into a new arena.

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12-04-2013, 10:30 PM
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nye
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Quote:
Originally Posted by powerstuck View Post
All this depends on the fact that are either of Oilers or Flames going to be owners on the arena ?

If they are, then yes the value should go up somewhat.

Most recent transaction in hockey including the team and the arena is Gillet to Molson sale of Montreal Canadiens, the total price was around $550M (a few years ago still) that is supposed to represent nearly $250M for the team and $300M for the arena.

If they do not own the arena, their value would not change because it does not impact the teams assets. Only change would come from estimated supplementary revenue from the new arena (more seats, more luxury boxes, more ad space) vs the old one.

You are discounting that Katz now will get 100% of the revenue from the new building whereas before he did not.

There is a set aside for some few days the City gets the building, but that is a small number of dates.

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