David Staples: Value of Oilers franchise has shot up because of downtown arena
DAVID STAPLES, EDMONTON JOURNAL
More from David Staples, Edmonton Journal
Published on: November 24, 2015
Oilers now worth $455 million, reports Forbes magazine
When it comes to operating an National Hockey League team in Edmonton, a franchise-altering event happened in May 2013 when Edmonton city council approved the deal to build a new downtown arena.
Since that time, according to Forbes magazine’s annual valuation of NHL teams, the value of the Edmonton Oilers has shot up from $225 million to a peak of $475 in 2014.