Measuring Populairty Essay

982 words - 4 pages

I will be examining Forbes’s list of most expensive NHL franchises based on data collected up until the 2013-2014 season. This particular form of popular culture is the National Hockey League or the professional ice hockey sport. This is an important topic to examine, because these are multi-million dollar (in some cases billion dollar) organizations/franchises where lots of revenue is made daily, affecting the North American economy greatly. Although some teams are worth much more then others, how well the team performs doesn’t directly affect the teams overall worth, rather time spent in the league, and location of each given team act as the biggest factors.

The National Hockey League team evaluation chart designed by Forbes measures the current value of each of the 30 respective teams in the league. This number is found after calculating each clubs overall revenue, minus the overall expenses of the club. The next column shows the 1-year value change in a percentile number form, and this number is basically representing how much increased revenue each given team has generated since last years chart. For the first time in a decade, each National Hockey League club’s revenue actually increased since last year. The next column indicates the percentage of debt each team has to pay off. This includes any money that each team owes, and the main percentage of this number is generated off of arena expenses. The next column in the chart represents the total amount of revenue each team generated in the past year followed by the final column that shows the operating income of each team. This total is shown in dollars, and is the earnings before interest, taxes, depreciation, and amortization. All of this information is based out of North America as that's where all the teams are located, and during the time period of a lifetime, but specific columns are calculated from last year as stated above. Forbes business magazine is responsible for compiling this chart, and for the purpose to show fans how much there team is worth, and overall to find out what team is worth the most and why. This article was published on the Forbes website database.

Rankings are compiled based on the financial standing of each hockey club, ultimately the total revenue each club has generated over the years, minus there total expenses which mostly comes from player contracts, arena maintenance fees, etc. Ultimately, the current value of a given team, represented through a dollar amount is how you measure the popularity of each team. Following the league for over a decade, the team that is 1st (Toronto Maple Leafs) and the team that is ranked 30th (Columbus Blue Jackets) is very indicative of how popular the franchise is. The serves the purpose of displaying the popularity of each team based on amount of revenue, and in my...

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