Oilers franchise value (Forbes valuations)
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SEASONREVENUEFORBES RANKINGOPERATING INCOMEFORBES RANKINGCURRENT VALUEFORBES RANKINGFORBES comment on team
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2012-13$80 milion16th$10.3 million10th$400 million14thIn May 2013, the Edmonton City Council and Oilers agreed to terms on a new arena costing $605 million (including surrounding infrastructure) that should be ready by 2017. The city will pay $279 million, the Oilers $161.5 million and another $125 million will come from a ticket tax. Under their current lease, the Oilers pay about $1 million a year in rent, but Northlands—Rexall Place's operator—pays for the arena's operating costs. At the new arena, the Oilers will pay $6 million a year in rent and cover operating costs. The potential upside for the team is more revenue from premium seating and non-NHL events.
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2011-1210614th16.214th22514thDaryl Katz, the billionaire owners of the Oilers, may have gotten too greedy for his own good. In November, the Edmonton city council voted unanimously to cease all negotiations with Katz regarding a new, $450 million arena for his team even though the city has already spent nearly $100 million for land and design work, because Katz made last-minute demands for an additional $6 million a year in taxpayer subsidies. The original deal had taxpayers and ticket-buyers building the arena with the Oilers spending about $15 million a year in annual lease payments and operating costs and keeping almost all of the revenue from the new arena. Katz has said his team is losing money but has refused to show the books to the city council.
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2010-11, out of 30 NHL teams9615th17.35th21215thThe average hockey team is now worth $240 million .... Nothing has been finalized, but Daryl Katz, the billionaire owner of the Oilers and the city of Edmonton, have come to terms on the framework for a $450 million deal that would land the team a new arena, potentially providing the Oilers with $20 million more in revenue a season than antiquated Rexall Place. The team's lease at Rexall expires in 2014 and Katz has said he will not play in the building beyond then. The financing for the new arena would require the team to pay $225 million and the remainder from the public with Katz committing to a 35-year lease. But if the city does not pony up for the new arena it would appear Katz has few options, given the strong Canadian dollar is a strong incentive to remain in Canada and there is already at least one other U.S. NHL team looking to move north of the border.
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2009-10, out of 30 NHL teams8717th8.28th18320thThe Oilers have made it clear that they will not be satisfied with renovating Rexall Place, the arena that is operated by Northlands Park. Team owner and billionaire Daryl Katz, who paid an enterprise value of $170 million for the Oilers in 2008, claims the Calgary Flames generate $15 million to $20 million more a year because the team operates the Saddledome and as a result keeps proceeds from non-hockey events at the arena. Katz, who has a net worth of $1.4 billion, has said he is willing to invest $100 million in a new building and another $100 million toward development of the surrounding area. Thus it appears he is looking for taxpayers to kick in about $200 million, which would appear to be a long shot. The Oilers lease at Rexall expires in 2014.
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2008-09, out of 30 NHL teams8319th9.410th16624thThe Oilers have a great fan base—willing to pay an average ticket price of $55—but have been at a disadvantage for years because they are one of the few small-market, NHL teams that does not operate its building. Edmonton Mayor Stephen Mandel has recommended building a $450 million downtown arena but the city has not given the team a financial commitment yet. Oilers owner Daryl Katz, the billionaire owner of the Rexall Drug Store chain, has promised $100 million towards the arena. The Oilers currently play in Rexall Place, one of the oldest arena in the NHL. It is controlled by Northlands, which keeps all the revenue from non-hockey events.
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2007-08 out of 30 NHL teams8518th11.87th17520thDaryl Katz, the billionaire owner of the Rexall Drug Store chain, bought the Edmonton Oilers in June for $170 million. The 46 year old Alberta native had been trying to buy the team for months, beginning his offer at $145 million. The acquisition by Katz should help the Oilers, who had been under-capitalized and owned by 34 investors. The Oilers have one of the oldest arena's in the NHL. Katz has promised to pay up to $100 million for a new arena, build a practice facility for the team and increase the payroll to the limit of the salary cap.
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2006-07, out of 30 NHL teams7118th9.98th15720thThis summer Edmonton billionaire Daryl Katz made an informal offer to the Oilers Investment Group to buy the Oilers for $150 million, or two times the team's revenue. The fact that a possible buyer would think the team is worth that much given its small market and revenue-poor building shows that the league's salary cap has given a boost to team values. Although no deal has been reached between EIG (66.7% of shareholders would be needed for approval of any sale), interest in the team should remain high because of the stronger Canadian dollar and the huge potential upside from a new building.
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2005-2006, out of 30 NHL teams7514th10.74th14618thEmpowered by the NHL's new economic system and their run to the Stanley Cup finals, the Edmonton Oilers were able to post a fat profit last year. Despite their small market, the Oilers have attendance ranks in the top half of the league because of their loyal fans. But the franchise's financial upside is limited because Rexall Place is among the oldest buildings in the NHL and generates relatively little luxury suite revenue.
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2003-04, out of 30 teams5526th (Carolina, 52, Pitt, 52, Buffalo, 51, Ducks, 54)39th10429th (Sabres 103)
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2002-03, out of 30 teams4829th-0.110th9130thThe Edmonton Oilers have among the most loyal fans in hockey. The team's small budget practically prohibits it from competing for the Stanley Cup, yet the Oilers fill their arena to capacity almost every night. Of course, it helps that the team has the lowest ticket prices in the NHL. The franchise's main problem: a small business community and low corporate sponsorship revenue. Making matters worse, Skyreach recently announced that it will not renew its five-year, $3 million arena naming rights deal.
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2001-02. out of 30 teams4329th-0.814th8630th
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2000-01, out of 30 teams4329th (Phoenix 39)318th8129th (Phoenix 81)Team needed capital call from investors in 2001 to stay afloat.
Skyreach Equipment has arena naming rights.
Major sponsors are Air Canada, Molson Breweries, Sun Media.
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1999-00, out of 28 teams4028th414th7728th
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1998-99, out of 27 teams3626th (LA, 34)310th7226th (Sabres 70)
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1997-98, out of 26 teams3425th (Florida-33)212th6726th
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