The on-ice struggles of the Vancouver Canucks have reduced the value of the franchise, according to the 2016 Forbes Magazine SportsMoney Team Valuations. The Canucks are ranked 7th most valuable franchise in the NHL despite losing 6 percent from their 2015 value. Forbes pegs the team’s value at $700 million, down from $745 million last year and from the franchise’s peak value of $800 million in 2014.
While revenue is down, it’s not down as sharply as operating income. Forbes estimate of 2016 revenue — $146 million — is in line with estimates for 2011 and 2012.