Washington Capitals Rank No. 16 on Forbes List of NHL Franchises by Value

December 2nd, 2010 by Trent Reinsmith Leave a reply »
Forbes magazine recently released its 2010 NHL team values list. 

Forbes has the Washington Capitals ranked No. 16 on the list.

According to the magazine, the Capitals are worth $197 million, a gain of $14 million over last year's worth. The seven percent gain in value is the ninth highest gain in the NHL for 2010.

If the numbers are correct, $197 million is a healthy return on investment for owner Ted Leonsis. Leonsis purchased the team in 1999 for $85 million.

That's the good news. 

The bad news is that the Capitals' operating income for 2010 is listed at minus-$9.1 million, and that puts them at 28th in the 30-team league.

The only teams with worse operating incomes are the Florida Panthers (minus-$9.6 million) and the Phoenix Coyotes (minus-$20.1 million).

Forbes defines operating income as "earnings before interest, taxes, depreciation and amortization."

In other words, the Caps lost $9.1 million in 2010.

The one thing that will help the Capitals get closer to profitability is a deep playoff run.

A perfect example of how the playoffs along with a so ...

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