Forbes released their annual NHL team valuations a couple of weeks ago. The Vancouver Canucks moved up from 9th to 8th in value, and generated an operating income of $19.2 million last season, 4th best in the league. However, watch for Canadian teams to drop in value this year due to increased costs from the depreciating dollar. American teams should not see much difference in value even though there’s a recession because season tickets were locked in several months ago. The valuation this year for the Canucks is great considering our city’s population compared to teams valued lower than us. Credit great management and a great entertainment market. We’re starving for sports in this city as I have mentioned before on this blog.
I would also argue to completely eliminate some of the bottom-feeding teams who receive dismal attendance to improve product… or move one to Seattle so we can finally have a natural rival.