I suppose we’ll call this an FYI: the annual Forbes report regarding NHL team valuations came out today, and Mike Ozanian and Kurt Badenhausen’s report states that the Red Wings and most other teams actually lost equitable value and/or operating income due to the pandemic.
8. Detroit Red Wings
• Value: $775 million
• 1-Year Change: –3%
• Owner: Marian Ilitch
• Operating Income: $31.2 million
The NHL’s salary cap all but ensures that teams can make “bank value” every year because their costs are theoretically capped, but this year, that’s not the case.
