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Sabres lost $10.9 million, value dropped in 2020, according to Forbes

The value of the Buffalo Sabres reportedly dropped by 4% following a year in which the National Hockey League’s 31 franchises were delivered a financial blow by the coronavirus pandemic.

Forbes ranked the Sabres as the 28th most valuable in the NHL with an estimated valuation of $385 million, down from $400 million in 2019, with an operating loss of $10.9 million – one of nine teams to encounter a double-digit loss in 2020.

According to Forbes, the average NHL team value dropped 2%, to $653 million, the first decline since 2001 and league revenue fell 14% after the cancellation of regular-season games. Operating income was down 68% and the league’s five most valuable franchises, buoyed by lucrative local television contracts, accounted for almost 25% of the league revenue.