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An Analysis of the Economic Influences on National Hockey League Revenue

 


Abstract: The National Hockey League has experienced growth in popularity and revenue that the league hasn't seen in previous years. This paper analyzes the finances of the 31 National Hockey League teams under the timeframe of the previous Collective Bargaining Agreement between the NHL and the NHL Players’ Association. This includes the 2012-13 season to the 2020-21 season. Collecting financial estimates of revenue and operating income of each team resulted in a total number. Data relating to potential factors affecting revenue was collected to find what made up the total. This data pertains to a wide range of topics, some more influential than others, that affect a team's financial success. Using the available numbers, a model was created to express the amount of revenue generated by a given team. Of the differences between actual and estimated revenues of 182 individual seasons, all estimates were no more than 10 million off from the actual revenue. Additionally, 92.3% of estimates were within 5 million above or below the true value. These estimates were over a time of relatively little change over the NHL seasons.


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