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Mile High Sports

Avalanche team value drops, according to Forbes

As if the Colorado Avalanche need any more bad news this season.

According to Forbes magazine, the Avs’ monetary value has fallen significantly in the past ten years.

“The Avalanche have been having trouble selling tickets and their financial standing among the league’s 30 teams has fallen from third to 18th over the past decade,” according to Forbes.

The recent lockout, which has cancelled 422 regular season NHL games to date, certainly isn’t helping the team’s net worth.

According to ESPN.com, the Avalanche were ranked No. 23 in game attendance for the 2011-12 season with an average of 14,820 fans per home game. The Pepsi Center can hold 18,007 people for each hockey game.

The most valuable team in the NHL listed by Forbes are the Toronto Maple Leafs, who are the only team to have an estimated value at more than $1 billion.

The Avalanche, at No. 18 have an estimated value of $210 million.

The current drop in the team’s value, however, does not seem to be affecting Colorado Avalanche owner Stan Kroenke, who just purchased a 124,000-acre farm in Montana which came equipped with about 5,000 cows and was listed at $132.5 million.

The NHL lockout has now reached day 76, and the possibility that any Avalanche player will see ice in Colorado this season is looking more and more unlikely each day.

For more Avalanche news, click here.

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