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#6 Chicago Blackhawks

#6 Chicago Blackhawks

Team Value
1
Enterprise value of team based on current arena deal (unless new arena is pending).
$1.875BCalculated December 2023
Owner(s)
Rocky Wirtz
Championships
5
Year Purchased
1954
Price Paid
$1M
Revenue
2
Net of arena revenues used for debt payments.
$228M
Operating Income
3
Earnings before interest, taxes, depreciation and amortization.
$96M
Debt/Value
4
Includes arena debts.
5%
Player Expenses
5
Includes benefits and bonuses.
$59M
Gate Receipts
6
Includes club seats.
$65M
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.
80
Revenue per Fan
8
Local revenues divided by metro population with populations in two-team markets divided in half.
$20
Metro Area Population
9.4M
Media partners
tv: NBC Sports Chicago; radio: WGN-AM 720
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
    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.
  • 1. Enterprise value of team based on current arena deal (unless new arena is pending).
  • 2. Net of arena revenues used for debt payments.
  • 3. Earnings before interest, taxes, depreciation and amortization.
  • 4. Includes arena debts.
  • 5. Includes benefits and bonuses.
  • 6. Includes club seats.
  • 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.
  • 8. Local revenues divided by metro population with populations in two-team markets divided in half.
The Blackhawks are cracking down on third-party brokers, auditing ticket sales and refunding those purchased by brokers. Chicago's President of Business Operations Jamie Faulkner said the move was made in an effort to prioritize season-ticket holders over the "casual fan" trying to get in with cheap, last-minute tickets on secondary sites. Faulkner said the club forfeited around $5 million by refunding the brokers' purchases, but that the club will see more correlation between announced attendance numbers and fans actually
in the building, as fans that are willing to spend a little more are more likely to actually show up.
... Read More
Valuation Breakdown
9. Portion of franchise's value attributable to revenue shared among all teams.
10. Portion of franchise's value attributable to its city and market size.
11. Portion of franchise's value attributable to its arena.
12. Portion of franchise's value attributable to its brand.
Value Change
25%
1-YEAR CHANGE
12%
ANNUALIZED CHANGE
13
Current team value compared with latest transaction price.
13. Current team value compared with latest transaction price.
Historical
2023
Value1
Enterprise value of team based on current arena deal (unless new arena is pending).
$1.9B
2023
$1.9B
2022
$1.5B
2021
$1.4B
2020
$1.1B
2019
$1.1B
2018
$1.1B
2017
$1B
2016
$925M
2015
$925M
2014
$825M
Revenue2
Net of arena revenues used for debt payments.
$228M
2023
$228M
2022
$222M
2021
$78M
2020
$178M
2019
$208M
2018
$201M
2017
$183M
2016
$173M
2015
$182M
2014
$172M
Operating Income3
Earnings before interest, taxes, depreciation and amortization.
$96M
2023
$96M
2022
$92M
2021
-$41M
2020
$45M
2019
$69M
2018
$57M
2017
$48M
2016
$34.4M
2015
$44.8M
2014
$50.2M
Player Expenses5
Includes benefits and bonuses.
$59M
2023
$59M
2022
$60M
2021
$58M
2020
$71M
2019
$75M
2018
$82M
2017
$77M
2016
$82M
2015
$78M
2014
$71M
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.
80
2023
80
2022
80
2021
83
2020
94
2019
86
2018
68
2017
104
2016
97
2015
144
2014
133
1. Enterprise value of team based on current arena deal (unless new arena is pending).
2. Net of arena revenues used for debt payments.
3. Earnings before interest, taxes, depreciation and amortization.
5. Includes benefits and bonuses.
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.
Venue
United Center
Owner(s)
Rocky Wirtz, Jerry Reinsdorf
Concessionaire
Levy Restaurants
Year Opened
1994
Average Ticket Price
$100
Seating Capacity
19,717
Cost To Build
$175M
Major Sponsors
American Express
Anheuser-Busch InBev
AT&T
Bank of Montreal
Chevrolet
Coca-Cola
Constellation Energy
Fifth Third Bank
Lexus
Servicemaster Global Holdings
United Airlines Holdings
Key Connections
Graphic of Chicago Bulls
Chicago Bulls
Graphic of Chicago Cubs
Chicago Cubs

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