Somehow, the San Jose Sharks have increased 40 percent in value.
That’s according to Sportico, who released their annual NHL franchise valuations last week.
The Sharks went from a $755 million valuation and 26th in the league last year to $1.06 billion and 22nd this season.
How does a franchise that has won just 24 of its last 98 games gain $251 million in value?
First, thank the Ottawa Senators. The Senators just sold for $950 million to Michael Andlauer, raising the value of basically every team in the NHL. Last year, Sportico tabbed the Sens as worth “just” $655 million.
Second, thank the market.
“The Bay Area, New York, Chicago, Boston, these areas are swimming in so much money.”
In theory, that makes the San Jose Sharks’ value, to some degree, immune to their won-loss record.
“A historically bad year in a market like that, that has so much wealth in it should not have a long-term detriment to the value,” Badenhausen opined.
The Sharks aren’t bulletproof, mind you.
“Two, three, four-year run like [this], revenues fall off a cliff, then you have to rebuild that fanbase, that’s where you really run into problems,” he said.
But if only because of location, location, location, the San Jose Sharks should always be an attractive franchise to own.
“A new owner would be chomping at the bit because new owners always think they can fix things,” Baudenhausen suggested.
Sheng’s Travel Fund
Help fund Sheng's travel! Every dollar goes to the cost of getting to and from Sharks road games.
Get SJHN in your inbox!
Extra Hour Hockey Training
Cathy’s Power Skating
What Long-Term Defensive Lessons Must Eklund, Sharks Learn? (+)
SJHN Daily: Emberson, Carpenter Placed on IR
3 Plays I Liked From Addison Last Night (+)
Sharks Locker Room: Starting To Score, Still Not Defending
Sharks Almost Author Great Comeback, Lose 6-5 to Rangers
Patrick Marleau’s Favorite San Jose Restaurants
Everything Grier Said: From Plattner to Quinn to Celebrini (+)
SJHN Daily: Ex-Jr. Sharks Coach Kevin Whitmer Arrested for Sexual Assault on Minor
Winners & Losers From Calen Addison Trade
What’s NHL Scout’s Take on Calen Addison? (+)
Should Sharks Trade or Keep Blackwood?
Sharks Locker Room: Hertl, Quinn Bemoan Powerless 5-on-3
Sharks Locker Room: Quinn Likes How Team Stood Up to Wilson, Bailey ‘Starving’ for NHL Shot
Sharks Locker Room: Quinn Praises Eklund’s ‘More Complete’ Game, Hertl on Blocking Out Outside
Sharks Locker Room: Duclair, Ferraro, Quinn Talk Turkey of a Performance
Sharks Team & Cap Info
SJHN on Facebook