Share this on:

Description

Franchise value and ownership history

Franchise name/location history (most to least recent):
  • Michigan Stags
  • Los Angeles Sharks

Franchise Valuation and Ownership History
All amounts in US$ unless otherwise noted.
Season   Value
(US$)
In today's
US$
Hockey Franchise
Valuation Rank
1972-73 $25,000 $181,074
Gary Davidson bought the original WHA franchise for $25,000. It was originally supposed to be in San Francisco but ended up being the Los Angeles Sharks.
Source(s): Book: The Rebel League
1974-75 $2,500,000 $15,356,926
Charles Nolton and Peter Shanega bought the Los Angeles Sharks for $2.5M and move them to Detroit as the Michigan Stags. (According to The Sporting News, it was for $2M plus outshanding bills in the low six fugures.)
Source(s): Book: Les Nordiques