Kirk Montoute LLP
Schedule A Confidential Consultation:
587-331-7845 | 877-563-5295
Request more information by email
Close This Form

Complete and submit the quick form to receive more information about our legal services or to request a confidential consultation with one of our legal professionals.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an lawyer-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Value of NHL team included in divorce settlement

A Canadian National Hockey League team was recently part of a divorce settlement. The co-owner of the Canucks, one of the most profitable teams in the league, was in divorce settlement talks with his ex-wife, and the value of the team and Rogers Arena became part of the settlement agreement. According to the judge, the team and the arena were determined to have a value of $740 million, partially based on the real estate value of the arena property.

This valuation would indicate that the value of the team has tripled in the last eight years; in 2005, the team was bought by the Aquilini Investment Group for $207 million. Other NHL team valuations may be much lower. Part of the reason for the Vancouver team's high valuation, in addition to the real estate value, is the fact that the team does not have to share the local market with any other professional team.

Generally, the value of any sports team is primarily based on the amount of revenue that it can generate. Teams that share the local area with other sports teams, such as basketball or baseball, may bring in less profits. Profits could also be reduced if the property itself is shared with other teams.

Most Canadian residents do not have assets that approach the value of a professional sports team and a large real estate holding. When a resident is divorcing and there are businesses, real estate, retirement accounts, investments, art works and other assets that need to be valued, legal assistance should be considered for a high-asset divorce in order to establish values for possessions that do not have a readily determined market value.

Source: Forbes, "Vancouver Canucks Valued At $740 Million For Team Owner's Divorce", Mike Ozanian, November 12, 2013

No Comments

Leave a comment
Comment Information

Like/Follow Us On These Social Media Apps:

Go Back To The Top Of This Page