Forbes has released its latest study of NHL teams and puts the Kings’ estimated value at $210 million, which ranks them 12th among 30 NHL teams. Last year, the Kings were valued at $209 million and ranked No. 10. Forbes lists the Kings’ operating income — described as “earnings before interest, taxes, depreciation and amortization” — at $1.2 million, down from $2 million last season and, of course, quite different from the Kings’ claims of losing millions each year. Revenue and player expenses each increased by $7 million and gate receipts remained at $29 million.
The report on the Kings can be found here and the entire report can be found here. The report on the Kings starts off with, “The Los Angeles Kings are owned by billionaire Philip Anschutz, who knows nothing about hockey and probably cares even less.” Ouch!