Please share this page:

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.
Season   Value
(US$)
In today's
US$
Hockey Franchise
Valuation Rank
1967-68 $2,000,000 $18,848,921
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 $56,692,427
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 / The Hockey News
1975-76 $3,800,000 $22,198,439
Albert Savill, Wren Blair and Otto Frenzel acquired the bankrupt franchise for $3.8M.
Source(s): The Sporting News
1986-87 $10,000,000 $28,683,514
Source(s): Fortune
1991-92 $41,000,000 $94,650,121 15
Source(s): Financial World
1992-93 $53,000,000 $118,751,425 11
Source(s): Financial World
1993-94 $62,000,000 $134,935,622 10
Source(s): Financial World
1994-95 $75,000,000 $159,087,842 11
Source(s): Financial World
1995-96 $76,000,000 $156,807,980 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 $192,428,435 10
Source(s): Financial World
1998-99 $89,000,000 $171,655,727 21
The Penguins declared bankruptcy in November 1998.
Source(s): Forbes
1999-00 $99,000,000 $186,850,762 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 $241,003,484 17
Source(s): Forbes
2001-02 $149,000,000 $264,559,779 14
Source(s): Forbes
2002-03 $137,000,000 $239,452,969 18
Source(s): Forbes
2003-04 $114,000,000 $194,833,659 22
Source(s): Forbes
2004-05 $101,000,000 $168,119,441 28
Source(s): Forbes
2006-07 $133,000,000 $207,426,956 28
Source(s): Forbes
2007-08 $155,000,000 $235,034,243 22
Source(s): Forbes
2008-09 $195,000,000 $284,756,154 18
Source(s): Forbes
2009-10 $222,000,000 $325,332,339 11
Source(s): Forbes
2010-11 $235,000,000 $338,824,177 9
Source(s): Forbes / Book: Sports Economics
2011-12 $264,000,000 $368,994,399 9
Source(s): Forbes
2012-13 $288,000,000 $394,386,515 9
Source(s): Forbes
2013-14 $480,000,000 $647,802,198 8
Source(s): Forbes
2014-15 $565,000,000 $750,342,148 10
Source(s): Forbes
2015-16 $560,000,000 $742,823,390 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 $746,668,889 11
Source(s): Forbes
2017-18 $650,000,000 $833,714,099 10
Source(s): Forbes
2018-19 $650,000,000 $813,826,610 11
Source(s): Forbes
2019-20 $665,000,000 $817,789,251 11
Source(s): Forbes
2020-21 $650,000,000 $789,644,513 11
2021-22 $900,000,000 $1,044,132,841 12
On November 31, 2021, Fenway Sports Group purchased a controlling stake of the Pittsburgh Penguins for $900M from Mario Lemieux and Ron Burkle who retained a minority stake (It was for $875M according to CNBC). 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 $1,063,395,969 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 $1,212,405,645 17
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
2024-25 $1,750,000,000 $1,750,000,000 17
Source(s): CNBC