The Hockey News · 24m
How Much Are the Colorado Avalanche Really Worth?
The Colorado Avalanche are raking in the cash.
The Avalanche’s value has come a long way since Stan Kroenke purchased the franchise for $202 million in 2000. The team’s valuation has increased by approximately 1,024% since then, making it worth more than 11 times its original purchase price.
According to CNBC’s latest valuations, the three-time Stanley Cup champions are worth an estimated $2.27 billion, good for 18th among NHL franchises. The Toronto Maple Leafs lead the way at $5.4 billion, followed by the New York Rangers at $4.7 billion and Montreal Canadiens at $4.1 billion.
The average NHL team is now worth $2.71 billion, an increase of more than 23% in just one year.