San Jose Sharks franchise value slowly rising, according to Sportico

The San Jose Sharks have increased in value by $50 million from last year to date, but the franchise’s growth rate has been slower than most other NHL franchises.

Sharks are currently worth $755 million. Reported by Sportico, becoming the 26th most valuable team in the 32-team NHL. Reports show that the team’s value is up 7% from last year when the Sharks were worth his $705 million, making him the 24th most valuable team in the league at the time.

According to Sportico, the value of 13 NHL teams increased by at least 10%, while the other eight increased by 8-9%. NHL Franchise Average $1.01 billion nowand 32 franchises worth a combined $32.4 billion.

The Toronto Maple Leafs top the list with $2.12 billion. The Arizona Coyote ranks 32nd with his $465 million.

According to Sportico, NHL teams made $6.1 billion in revenue last season, including non-NHL events such as concerts. Sharks leases and operates the SAP Center, his 17,562-seat facility owned by the City of San Jose.

The SAP Center is one of the NHL’s oldest buildings, younger than New York’s Madison Square Garden, Calgary’s Saddledome and Anaheim’s Honda Center, which underwent major $1 billion renovations in the past decade.

Sportico said the sharks generated $145 million in revenue during the 2021-2022 season, well above the previous season’s total of $59 million.

That year, due to local COVID-19 health guidelines, the Sharks were not allowed spectators inside the SAP Center until the final weeks of the 56-game regular season.

The Sharks had fans in seven of their 28 home games that year, and attendance numbers have risen from 520 when restrictions were first eased in late April 2021 to 1,654 in mid-May. was recorded.

Through a spokesperson for the team, Shark declined to comment on the report.

In December 2021, Forbes rated the Sharks at $625 million, or the 23rd most valuable team in the NHL.

The Sharks distributed an average of 12,574 tickets per game last season, according to hockeydb.com. In his six home games this season, the Sharks have distributed an average of 14,482 tickets per game.

Shark was listed with revenue of $133 million in 2019-2020. That year, the Sharks played 36 of his 41 home games before the NHL suspended the season.

Hasso Plattner is the sole owner of three Sharks Ice facilities, including NHL’s Sharks, AHL’s San Jose Barracuda, Tech CU Arena, and Sharks Sports & Entertainment, the parent company of the non-profit Sharks Foundation.

Plattner was a charter member of a local ownership group that purchased the shark from its original owner, George Gund III, in 2002.