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Description

Franchise value and ownership history

Franchise name/location history (most to least recent):
  • Dallas Stars
  • Minnesota North Stars

Franchise Valuation and Ownership History
All amounts in US$ unless otherwise noted.
Season   Value
(US$)
In today's
US$
Hockey Franchise
Valuation Rank
1967-68 $2,000,000 $19,322,542
Franchise fee to join the NHL as the Minnesota North Stars: $US 2M.
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
1989-90 $38,000,000 $98,793,256 1
In May 1990, Howard Baldwin and Morris Belzberg bought the Minnesota North Stars from George and Gordon Gund for $38M ($30M upfront, $1M in assumed liabilities, and $7M in projected expansion revenue). Norm Green then purchased 51% (controlling interests) of the franchise from them.
Source(s): Book: American Sports Empire: How the Leagues Breed Success
1991-92 $34,000,000 $80,462,589 20
Source(s): Financial World
1992-93 $42,000,000 $96,469,498 22
Source(s): Financial World
1993-94 $46,000,000 $102,629,101 21
The franchise was worth $82M according to Book: La glorieuse histoire des Canadiens.
Source(s): Financial World
1994-95 $50,000,000 $108,723,519 20
Source(s): Financial World
1995-96 $84,000,000 $177,668,985 11
In December 1995, Thomas Hicks bought the Dallas Stars from Norman Green for $84M. (The franchise was valued at $53M by Financial World.)
Source(s): Book: Power Plays / Book: Brian McFarlane's History of Hockey / Forbes
1996-97 $63,000,000 $129,454,256 23
Source(s): Financial World
1998-99 $118,000,000 $233,307,159 11
Source(s): Forbes
1999-00 $149,000,000 $288,286,109 11
Source(s): Forbes
2000-01 $182,000,000 $340,642,276 9
Source(s): Forbes
2001-02 $207,000,000 $376,778,110 7
Source(s): Forbes
2002-03 $254,000,000 $455,104,514 4
Source(s): Forbes
2003-04 $270,000,000 $473,043,053 2
Source(s): Forbes
2004-05 $259,000,000 $441,950,974 4
Source(s): Forbes
2006-07 $248,000,000 $396,499,826 4
Source(s): Forbes
2007-08 $253,000,000 $393,276,261 6
Source(s): Forbes
2008-09 $273,000,000 $408,675,801 6
Source(s): Forbes
2009-10 $246,000,000 $369,561,853 8
Source(s): Forbes
2010-11 $227,000,000 $335,513,620 10
Source(s): Forbes / Book: Sports Economics
2011-12 $240,000,000 $343,878,368 10
In November 2011, Tom Gaglardi purchased the team out of bankruptcy at an auction for $240M. (According to Forbes, the franchise was worth $230M.)
Source(s): The Hockey News - Money & Power 2021 / CNBC
2012-13 $240,000,000 $336,913,629 13
Source(s): Forbes
2013-14 $333,000,000 $460,705,271 18
Source(s): Forbes
2014-15 $420,000,000 $571,791,839 15
Source(s): Forbes
2015-16 $450,000,000 $611,910,387 13
Source(s): Forbes
2016-17 $500,000,000 $671,430,357 12
Source(s): Forbes
2017-18 $515,000,000 $677,156,087 13
Source(s): Forbes
2018-19 $525,000,000 $673,838,159 14
Source(s): Forbes
2019-20 $600,000,000 $756,395,212 13
Source(s): Forbes
2020-21 $575,000,000 $716,083,849 12
Source(s): Forbes
2021-22 $720,000,000 $856,295,203 16
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 $925,000,000 $1,018,542,877 18
According to Graeme Roustan, in The Hockey News, the value of the franchise without the arena was $1.1B. It was $915M according to Sportico.
Source(s): Forbes
2023-24 $1,080,000,000 $1,142,382,671 21
According to Graeme Roustan, in The Hockey News, the value of the franchise without the arena was $1.25B. It was $1.11B according to Sportico.
Source(s): Forbes
2024-25 $2,000,000,000 $2,054,829,455 12
According to Graeme Roustan, in The Hockey News, the value of the franchise without the arena was $2.35B. It was $1.65B according to Sportico and $1.9B according to CNBC.
Source(s): Forbes
2025-26 $1,940,000,000 $1,940,000,000 13
Source(s): Sportico