Vegas Golden Knights have reach three Stanley Cup Finals in nine seasons, nine years after it played its first NHL game.
Forbes estimated the Golden Knights generated $167 million in revenue and $33 million in operating income in 2019-20, with a franchise valuation of $580 million. Six years later, Forbes and CNBC put revenue between $243 million and $250 million, operating income between $69 million and $77 million, and the franchise’s value between $2.02 billion and $2.2 billion. Revenue is up roughly half. Operating income has more than doubled. The valuation has nearly quadrupled.
Every game Vegas has ever played, regular season and playoffs, across all nine seasons, has sold out, a streak that started in 2016 with a season ticket waiting list for a team that did not yet have a roster, a coach, or a single result to its name.
365247 Sports breaks down the business behind the Vegas Golden Knights….
The Valuation Trajectory and the Ownership Structure Behind It
Sportico valued the franchise at $2.02 billion, ranking it 12th among the league’s 32 teams. CNBC placed it slightly higher at $2.1 billion, ranking 13th, while Forbes valued it at $2.2 billion, also 13th, after a 19% increase in just one year. Even the gap between the highest and lowest estimates, around $180 million, is larger than the amount of value the franchise created during its first three seasons, highlighting just how dramatically the Golden Knights have grown in less than a decade.
