FORBES: Bruins 5th most valuable NHL franchise - Worth 800 Million

[Fenway]

Only the Rangers, Habs, Maple Leafs and Blackhawks worth more.

http://www.forbes.com/teams/boston-bruins/

Forbes made one error saying attendance was up at TD Garden last season but that was because of the game at Gillette.

In 2015-16, the Bruins missed the playoffs for the second consecutive season, but still posted average attendance of 18,776 at TD Garden, 7% more than the previous year. The Bruins also charge an average of $90 for non-premium tickets, second only to the Toronto Maple Leafs. Missing the playoffs did hurt television ratings, where the Bruins notched an average of 3.45 on NESN, a 23% drop versus 2014-15. Still, Boston had the fifth-highest cable rating in the NHL last season.

Full list

http://www.forbes.com/nhl-valuations/#6c8321f93ece

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[mikelvl]

So that's why we can afford to keep so many No.5-6 defensemen

 

[northeastern]

So that's why we can afford to keep so many No.5-6 defensemen

All of the lower pairing defenseman.

But that'sa lot of money. Maybe beer prices will go down a little.

 

[Ben Grimm]

I'm just going to assume that Fenway and Gee Wally's combined B's stock is worth $80 million.

 

[Fenway]

All of the lower pairing defenseman.

But that'sa lot of money. Maybe beer prices will go down a little.

 

[Danton Heineken]

And yet it took them *this* long to build a professional practice facility.

 

[Fenway]

Jacobs bought the Bruins in 1975 for $10 million total of which only $2 million was cash from TV38. The other 8 million was a credit for TV38 to continue televising the games for 10 years. When that 10 year deal expired NESN was born.

Overall a pretty good investment.

http://www.nytimes.com/1975/08/29/a...buys-bruins-bruins-sold-to-concern-under.html

 

[Therick67]

JJ's done very well for himself, it's too bad that didn't translate to organizational success - or the fans being treated better.

 

[Bruins1233]

How are the Bruins worth only $800.
They own 20% of NESN, which is ~$150M dollars, and the Garden ($600M?), what the worth of the Hockey Team? $35.99?

Jacobs and his wife own the Bruins.

TD Garden is owned by Delaware North which is a family owned business.

 

[Glove Malfunction]

How are the Bruins worth only $800.
They own 20% of NESN, which is ~$150M dollars, and the Garden ($600M?), what the worth of the Hockey Team? $35.99?

I only took a minor in math so I could be wrong, but based on your estimates, I'd say $50 million.

 

[Bruins1233]

I only took a minor in math so I could be wrong, but based on your estimates, I'd say $50 million.

$600M is probably a lowball for the only 15k+ indoor stadium in New England. and with real estate today in Boston.

 

[Glove Malfunction]

$600M is probably a lowball for the only 15k+ indoor stadium in New England. and with real estate today in Boston.

It was built in 95 at a cost of $160 million. Not sure it's appreciated that much in the time since. But I'm not a real estate guy so I'm just guessing.

 

[Donnie Shulzhoffer]

How are the Bruins worth only $800.
They own 20% of NESN, which is ~$150M dollars, and the Garden ($600M?), what the worth of the Hockey Team? $35.99?

Jacobs and his wife own the Bruins.

TD Garden is owned by Delaware North which is a family owned business.

The is the value of the team alone. Not Delaware North as a whole.

 

[Fenway]

The is the value of the team alone. Not Delaware North as a whole.

And Delaware North Boston is a separate entity from Sportservice (concessions).

The 10 million he paid in 1975 was for everything ( $2 million in cash ) and the entire Boston operation might be worth $1.5 - 2 billion. Jacobs is clear on one thing, the family will NEVER sell Boston.

 

[Bruins1233]

It was built in 95 at a cost of $160 million. Not sure it's appreciated that much in the time since. But I'm not a real estate guy so I'm just guessing.

They already owned the land, and the Finished product would be worth more than the sum of its parts.
For reference, Condo Prices went from ~120K to ~350k between 1996 and 2011. Since 2011 real estate has gotten much more expensive. So for the value to triple in 20 years isn't out of line for Boston.
http://charlesgaterealty.com/2012/0...te-sales-flat-for-4-years-prices-on-the-rise/

Jacobs does own the land, it is owned by the MBTA ( Commonwealth of Massachusetts) and that dates back to 1928 when the first Garden was built over the railroad tracks at North Station.

However he owns the development rights to the land. Jacobs also built North Station as part of the lease he has with the MBTA.

 

[Glove Malfunction]

They already owned the land, and the Finished product would be worth more than the sum of its parts.
For reference, Condo Prices went from ~120K to ~350k between 1996 and 2011. Since 2011 real estate has gotten much more expensive. So for the value to triple in 20 years isn't out of line for Boston.
http://charlesgaterealty.com/2012/0...te-sales-flat-for-4-years-prices-on-the-rise/

If you're talking about a condo, a tripling in value seems reasonable. When you're talking about a multi, multi million dollar arena, I'm not sure I see it.

But in any event, as Donnie S said, the 800 million is the value of the team, without the value of the arena, so I'm not sure it matters how much it's worth.