#18 Colorado Avalanche

#18 Colorado Avalanche

Team Value
1
Enterprise value of team based on current arena deal (unless new arena is pending).
$1.95BCalculated December 2025
Owner(s)
E. Stanley Kroenke
Championships
3
Year Purchased
2000
Price Paid
$202M
Revenue
2
Net of arena revenues used for debt payments.
$222M
Operating Income
3
Earnings before interest, taxes, depreciation and amortization.
$47M
Debt/Value
4
Includes arena debts.
18%
Player Expenses
5
Includes benefits and bonuses.
$111M
Gate Receipts
6
Includes club seats.
$66M
Wins-to-player cost ratio
7
Compares the number of wins per player payroll relative to the rest of the NHL. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2024-25 season.
107
Revenue per Fan
8
Local revenues divided by metro population with populations in two-team markets divided in half.
$50
Metro Area Population
3M
Media partners
tv: Altitude Sports; radio: Altitude Sports Radio 92.5 FM ; radio: Altitude Sports Radio 92.5 FM/950 AM; tv: Altitude Sports Network, TEGNA
Revenue and operating income are for 2024-25 season and net of revenue sharing and arena debt service.
Footnotes
    Revenue and operating income are for 2024-25 season and net of revenue sharing and arena debt service.
  • 1. Enterprise value of team based on current arena deal (unless new arena is pending).
  • 2. Net of arena revenues used for debt payments.
  • 3. Earnings before interest, taxes, depreciation and amortization.
  • 4. Includes arena debts.
  • 5. Includes benefits and bonuses.
  • 6. Includes club seats.
  • 7. Compares the number of wins per player payroll relative to the rest of the NHL. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2024-25 season.
  • 8. Local revenues divided by metro population with populations in two-team markets divided in half.
After trade acquisition Martin Necas made an immediate impact with the Avalanche in the second half of the 2024-25 season, Colorado rewarded the young forward with an eight-year, $92 million contract extension. The Avalanche also extended forward Brock Nelson and goalie Mackenzie Blackwood—two other players acquired in trades—as well as forward Logan O'Connor.
Valuation Breakdown
9. Portion of franchise's value attributable to revenue shared among all teams.
10. Portion of franchise's value attributable to its city and market size.
11. Portion of franchise's value attributable to its arena.
12. Portion of franchise's value attributable to its brand.
Value Change
15%
1-YEAR CHANGE
9%
ANNUALIZED CHANGE
13
Current team value compared with latest transaction price.
13. Current team value compared with latest transaction price.
Historical
2025
Value1
Enterprise value of team based on current arena deal (unless new arena is pending).
$2B
2025
$2B
2024
$1.7B
2023
$1.2B
2022
$860M
2021
$630M
2020
$465M
2019
$475M
2018
$430M
2017
$385M
2016
$360M
Revenue2
Net of arena revenues used for debt payments.
$222M
2025
$222M
2024
$198M
2023
$182M
2022
$178M
2021
$69M
2020
$115M
2019
$130M
2018
$119M
2017
$113M
2016
$115M
Operating Income3
Earnings before interest, taxes, depreciation and amortization.
$47M
2025
$47M
2024
$20M
2023
$39M
2022
$43M
2021
-$45M
2020
-$10M
2019
$8.9M
2018
$7.2M
2017
-$400,000
2016
$6.3M
Player Expenses5
Includes benefits and bonuses.
$111M
2025
$111M
2024
$116M
2023
$85M
2022
$77M
2021
$66M
2020
$78M
2019
$71M
2018
$66M
2017
$70M
2016
$66M
Win-to-Player Cost Ratio7
Compares the number of wins per player payroll relative to the rest of the NHL. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2024-25 season.
107
2025
107
2024
113
2023
114
2022
168
2021
140
2020
134
2019
127
2018
114
2017
50
2016
86
1. Enterprise value of team based on current arena deal (unless new arena is pending).
2. Net of arena revenues used for debt payments.
3. Earnings before interest, taxes, depreciation and amortization.
5. Includes benefits and bonuses.
7. Compares the number of wins per player payroll relative to the rest of the NHL. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2024-25 season.
Venue
Ball Arena
Owner(s)
Stanley Kroenke
Concessionaire
Legends Hospitality
Year Opened
1999
Average Ticket Price
$67
Seating Capacity
19,520
Cost To Build
$165M
Key Connections

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