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Flyers among NHL teams to take a hit in value, according to report

The Comcast-owned Flyers dropped 3%, and they are the seventh-highest valued team in the NHL at $800 million.

Like other NHL teams, the Flyers missed a significant revenue stream because the Wells Fargo Center, shown during a regular-season game last December, was not used for their playoff games due to the pandemic.
Like other NHL teams, the Flyers missed a significant revenue stream because the Wells Fargo Center, shown during a regular-season game last December, was not used for their playoff games due to the pandemic.Read moreSTEVEN M. FALK / Staff Photographer
    by Sam Carchidi
    Updated 
    Published 

The Flyers were among the teams whose value dipped slightly after the pandemic-altered 2019-20 season, according to Forbes.

The Comcast-owned Flyers dropped 3%, and they are the seventh-highest valued team in the NHL at $800 million, behind the New York Rangers ($1.65 billion), Toronto ($1.5 billion), Montreal ($1.34 billion), Chicago ($1.085 billion), Boston ($1 billion), and Los Angeles ($825 million), Forbes said.

The average NHL team fell 2% to $653 million, the first decline since 2001.

The regular season was shortened in 2019-20, and the playoffs were held in two “bubble” cities, Toronto and Edmonton. Losing the revenue from home games cost teams dearly. Forbes said operating income was $250 million, down 68%.

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Forbes said the New York Islanders lost the most, $39 million, and the Stanley Cup champion Tampa Bay Lightning lost $11 million. No figure was given for the Flyers.

While the Rangers are the highest-valued franchise, Arizona is last, at $285 million, slightly ahead of Florida, at $295 million.