The valuation of the Vancouver Canucks took a hit last year, dropping $45 million following a season of last-place finishes in 2015-16. Fans were wary, confused, and frankly justified in their frustration with the organization. With no clear objective and actions to contradict what they were proclaiming, the organization experienced the financial ramifications of their mixed messages.
Well, it looks like they’re on their way up again as Forbes has increased their estimated valuation from $700 last season to $730 in 2017.
The Canucks have fluctuated around the $725 million range for four years, ranking them between 8th and 6th amongst NHL teams:
- 2014: $730 million
- 2015: $745 million
- 2016: $700 million
- 2017: $730 million
As has been the case over the past several years, the Canucks’ valuation amongst the upper echelon in the league. After powerhouses Montreal and Toronto, Vancouver is the third-most value Canadian team, and it’s not even close. Edmonton is the fourth, though a significant $215 million separates them from the Canucks.
Purchasing the Canucks was certainly a wise investment for the Aquilini family, who bought the team for an estimated $250 million back in 2005. With fans gaining optimism and excitement beginning to brew, I wouldn’t be surprised if the value of the team increases in years to come.
For background, here’s how Forbes calculates their estimations:
“Every team was sent a questionnaire, looking for confirmation on ownership, price paid for team, various stadium information, among other information. Sports bankers were hammered with questions on past and potential deals. Publicly available information, such as leases, credit rating documents and financial statements of arenas were gathered and scrutinized. Lots of phone calls to media rights analysts for the skinny on TV deals.”
