Toronto Maple Leafs on the Forbes The Business of Hockey List
#1 Toronto Maple Leafs
Team Value
1
Enterprise value of team based on current arena deal (unless new arena is pending).
$3.8BCalculated December 2024
Owner(s)
Rogers Communications, Larry Tanenbaum
Revenue
2
Net of arena revenues used for debt payments.
$308M
Operating Income
3
Earnings before interest, taxes, depreciation and amortization.
$125M
Debt/Value
4
Includes arena debts.
5%
Player Expenses
5
Includes benefits and bonuses.
$108M
Gate Receipts
6
Includes club seats.
$134M
Wins-to-player cost ratio
7
Compares the number of wins per player payroll relative to the rest of the NHL. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2020-21 season.
106
Revenue per Fan
8
Local revenues divided by metro population with populations in two-team markets divided in half.
$42
Metro Area Population
6.8M
Media partners
tv: Sportsnet, TSN; radio: TSN Radio 1050, Sportsnet 590 The Fan
Revenues and operating income are for the 2022-23 season, including postseason and applicable non-NHL arena revenue (excluding the Seattle Kraken expansion fee) and are net of revenue sharing and arena debt service. All figures are in U.S. dollars based on the average exchange rate during 2022-23 season.
Footnotes
In September, Rogers bought Bell Canada's 37.5% stake in Maple Leaf Sports & Entertainment for $4.7 billion, giving Rogers majority control over the the Maple Leafs, Raptors, Toronto FC and the various other holdings of MLSE. The sale put a total value of MLSE at $9.3 billion.
13. Current team value compared with latest transaction price.
Value1
Enterprise value of team based on current arena deal (unless new arena is pending).
$3.8B
Revenue2
Net of arena revenues used for debt payments.
$308M
Operating Income3 Earnings before interest, taxes, depreciation and amortization.
$125M
Player Expenses5 Includes benefits and bonuses.
$108M
Win-to-Player Cost Ratio7 Compares the number of wins per player payroll relative to the rest of the NHL. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2020-21 season.
106
Scotiabank Arena
Owner(s)
Maple Leaf Sports & Entertainment