Their annual valuation of every franchise has the team coming in as the 10th most valuable franchise worth $725-million. It is, however, a two percent dip in their valuation from last year.

The club owned by the Aquilini Investment Group had an operating income of $2.9-million.

Here’s the methodology listed by Forbes:

Our valuations are enterprise values (equity plus net debt) and include the economics of each team’s arena deal but not the value of the real estate itself. We adjust values for teams moving into new arenas, like the Islanders, based on how the arena is being financed, when it will open and the degree to which we can estimate revenues from the new arena.
Revenue and operating income are adjusted for revenue sharing and are for the 2019-20 season. All figures are in U.S. dollars based on the average U.S.-Canada exchange rates during the 2019-20 season.
The information used to compile our valuations primarily came from the teams, sports bankers, media consultants and public documents, like arena lease agreements and bond documents.

The valuation leaves the Canucks as the third richest NHL franchise falling to the Montreal Canadiens (third) and the Toronto Maple Leafs (second).

Across the NHL, there were only six teams whose value didn’t fall over the last year: the New York Rangers (first), the Maple Leafs, the Canadiens, Chicago (fourth), the Boston Bruins (fifth), and the New York Islanders (16th). In the same breath, none of those teams valuations increased over the last year, either.

On Twitter: @zjlaing

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