2023-11-01 21:20:28
The value of sports teams at the professional level has been skyrocketing for several years now.
This is the case for the franchises of the NFL, the NHL, the MLB, the NFL… And it is the same thing for the professional clubs which play in Europe.
I am going to give you an example. In 2021, Forbes revealed that the monetary value of the Montreal Canadiens stood at $1.6 billion.
The following year, in 2022, Forbes announced that the value of Flannel had reached $1.85 billion…
And now, today, we learn that Michael Andlauer sold his shares in the Canadiens, taking into account that the value of the Montreal organization is estimated at $2.5 billion.
He therefore sold 10% at $250 million… And it is also important to note that Andlauer sold his shares to the current shareholders of the Montreal Canadiens.
According to Sportico, we are talking about a record evaluation for an NHL club. It’s impressive :
EXCLUSIVE: Michael Andlauer has sold his 10% minority interest in the @CanadiensMTL at a $2.5 billion value. ➡️
It is a record valuation for a standalone NHL team; a stake in Maple Leafs Sports & Entertainment, which includes the Toronto Maple Leafs, as… pic.twitter.com/OhApR6rotj
— Sportico (@Sportico) November 1, 2023
With this evaluation, we understand that the NHL is currently healthy.
The pandemic has hurt several clubs in terms of revenue… But the return of fans to the stands seems to do a lot of good.
If the value of the CH is so high, I wonder if that of the Leafs and that of the Rangers has also increased drastically. These two clubs are usually ahead of the Canadian when we talk about the “ranking” of the most expensive teams in the NHL…
But there is some nuance to be brought here. There was a necessary assessment of the Canadian’s value because Michael Andlauer had to sell some of his shares, unlike other NHL teams.
Because ultimately, there is a difference between the value of a team on paper and when the team itself is put up for sale. That’s the game changer… And that’s why the Senators were sold for around a billion dollars, even though the organization wasn’t worth that much by different approximations.
It’s pretty crazy to think that Geoff Molson acquired the Montreal Canadiens in 2009 (or thereabouts), when the franchise was worth around $575 million. The value of the club has more than quadrupled since that time, 14 years ago…
And it’s also crazy to realize that the value of the club continues to increase even if the Canadian finished at the bottom of the general NHL rankings last year.
Speaking of Michael Andlauer
The Senators’ new owner spoke to the media in Ottawa today to announce that Pierre Dorion has left his position as club GM.
That said… Andlauer didn’t hesitate to throw a few arrows at the NHL during his interview with journalists.
He complained about the way the league handled the aborted Evgenii Dadonov transaction… And he doesn’t understand why all this fell on him.
He didn’t look like the happiest guy in the world, let’s put it this way:
“Why I inherited this is beyond me.”
Michael Andlauer on the Senators losing a first-round pick for their role in the voided Evgeni Dadonov trade. pic.twitter.com/0n1lsI20Ql
— Sportsnet (@Sportsnet) November 1, 2023
Andlauer maintains that the NHL may have intentionally waited to settle the case so as not to affect the monetary value of the Senators.
But now that the club has been sold and there is a new owner in place, the league has decided to crack down on the Sens, who will have to give up a first round pick as a result…
It’s normal to see him be frustrated.
A lot of
– Good news.
I asked Mike Matheson how he felt.
“I’m fine,” he told me with a big smile.
It would have been surprising if he said anything else, but the fact that he is training and speaking to the media is reassuring.
And he’s a guy in excellent physical shape.
— Anthony Martineau (@Antho_Martineau) November 1, 2023
– Kaiden Guhle, Juraj Slafkovsky and Arber Xhekaj worked extra time after CH training.
Training ended a good 30 minutes ago.
Slafkovsky, Guhle and Xhekaj are still on the ice working with Adam Nicholas.
Sometimes the little details make a big difference. pic.twitter.com/yzUOUKP4UI
— Anthony Martineau (@Antho_Martineau) November 1, 2023
– Superbe initiative.
Earlier this fall, students at Lakeside Academy had the chance to learn in a unique environment thanks to @National Bank.
Lire ↓ #GoHabsGo
— Montreal Canadiens (@CanadiensMTL) November 1, 2023
– The guys are there for him.
Backy’s @Capitals teammates react to his announcement to take a leave of absence due to ongoing injuries.@Tarik_ElBashir writes on today’s #ALLCAPS news.
— Monumental Sports Network (@MonSportsNet) November 1, 2023
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#Montreal #Canadiens #worth #billion