Pittsburgh Penguins
Description
Franchise value and ownership history
Franchise name/location history (most to least recent):- Pittsburgh Penguins
| Franchise Valuation and Ownership History All amounts in US$ unless otherwise noted. |
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| Season | Value (US$) |
In today's US$ |
Hockey Franchise Valuation Rank |
| 1967-68 | $2,000,000 | $18,159,472 | |
| Franchise fee to join the NHL: $US 2M. (Was $2.5M according to La Presse.) | |||
| Source(s): Book: Power Plays / Book: The Lively World of Hockey / Inside Hockey 1969-70 / Book: The California Golden Seals / Podcast: 50 Years Ago in Hockey / Book: Changing the Game | |||
| 1970-71 | $7,000,000 | $54,618,753 | |
| A group of businessmen led by Thayer Potter, Elmore Keener, A.H. Burchfield and Peter Block bought the franchise for $7M. | |||
| Source(s): Book: Brian McFarlane History of Hockey / The Sporting News / La Presse | |||
| 1975-76 | $3,800,000 | $21,386,473 | |
| Albert Savill, Wren Blair and Otto Frenzel acquired the bankrupt franchise for $3.8M. | |||
| Source(s): The Sporting News | |||
| 1986-87 | $10,000,000 | $27,634,340 | |
| Source(s): Fortune | |||
| 1991-92 | $41,000,000 | $91,188,046 | 15 |
| Source(s): Financial World | |||
| 1992-93 | $53,000,000 | $114,407,782 | 11 |
| Source(s): Financial World | |||
| 1993-94 | $62,000,000 | $130,000,000 | 10 |
| Source(s): Financial World | |||
| 1994-95 | $75,000,000 | $153,268,790 | 11 |
| Source(s): Financial World | |||
| 1995-96 | $76,000,000 | $151,072,319 | 13 |
| (Accoring to the Book: Beyond the Scoreboard, the franchise was valued between $80M and $90M.) | |||
| Source(s): Financial World | |||
| 1996-97 | $96,000,000 | $185,389,863 | 10 |
| Source(s): Financial World | |||
| 1998-99 | $89,000,000 | $165,376,971 | 21 |
| The Penguins declared bankruptcy in November 1998. | |||
| Source(s): Forbes | |||
| 1999-00 | $99,000,000 | $180,016,208 | 20 |
| Mario Lemieux purchased the franchise with a package worth $99M (The franchise was values at $100M by Forbes.) | |||
| Source(s): Forbes | |||
| 2000-01 | $132,000,000 | $232,188,153 | 17 |
| Source(s): Forbes | |||
| 2001-02 | $149,000,000 | $254,882,815 | 14 |
| Source(s): Forbes | |||
| 2002-03 | $137,000,000 | $230,694,352 | 18 |
| Source(s): Forbes | |||
| 2003-04 | $114,000,000 | $187,707,110 | 22 |
| Source(s): Forbes | |||
| 2004-05 | $101,000,000 | $161,970,034 | 28 |
| Source(s): Forbes | |||
| 2006-07 | $133,000,000 | $199,839,774 | 28 |
| Source(s): Forbes | |||
| 2007-08 | $155,000,000 | $226,437,253 | 22 |
| Source(s): Forbes | |||
| 2008-09 | $195,000,000 | $274,340,455 | 18 |
| Source(s): Forbes | |||
| 2009-10 | $222,000,000 | $313,432,460 | 11 |
| Source(s): Forbes | |||
| 2010-11 | $235,000,000 | $326,430,799 | 9 |
| Source(s): Forbes / Book: Sports Economics | |||
| 2011-12 | $264,000,000 | $355,497,466 | 9 |
| Source(s): Forbes | |||
| 2012-13 | $288,000,000 | $379,960,800 | 9 |
| Source(s): Forbes | |||
| 2013-14 | $480,000,000 | $624,107,143 | 8 |
| Source(s): Forbes | |||
| 2014-15 | $565,000,000 | $722,896,426 | 10 |
| Source(s): Forbes | |||
| 2015-16 | $560,000,000 | $715,652,688 | 11 |
| The value was $750M according to the book The rise of the Pittsburgh Penguins 2009-2018. | |||
| Source(s): Forbes | |||
| 2016-17 | $570,000,000 | $719,357,527 | 11 |
| Source(s): Forbes | |||
| 2017-18 | $650,000,000 | $803,218,832 | 10 |
| Source(s): Forbes | |||
| 2018-19 | $650,000,000 | $784,058,779 | 11 |
| Source(s): Forbes | |||
| 2019-20 | $665,000,000 | $787,876,477 | 11 |
| Source(s): Forbes | |||
| 2020-21 | $650,000,000 | $760,761,206 | 11 |
| 2021-22 | $900,000,000 | $1,005,940,959 | 12 |
| On November 31, 2021, Fenway Sports Group purchased a constrolling stake of the Pittsburgh Penguins for $900M from Mario Lemieux and Ron Burkle who retain a minority stake. According to Graeme Roustan, in The Hockey News, the value of the franchise without the arena was between $900M and $999M. | |||
| Source(s): Forbes | |||
| 2022-23 | $990,000,000 | $1,024,499,488 | 15 |
| According to Graeme Roustan, in The Hockey News, the value of the franchise without the arena was $1B. It was $900M according to Sportico. | |||
| Source(s): Forbes | |||
| 2023-24 | $1,175,000,000 | $1,175,000,000 | 16 |
| According to Graeme Roustan, in The Hockey News, the value of the franchise without the arena was $1.5B. It was $1.07B according to Sportico. | |||
| Source(s): Forbes | |||