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24/7 Wall Street: Seven Pro Teams on the Brink of Collapse

1. Phoenix Coyotes

10-year change in attendance: -16.40% (third-biggest decline in NHL)
W-L record 10 years: 329-310-38-61 (sixth worst in NHL)
Operating income (2010): -$20 million
Year founded: 1972 (moved to Phoenix in 1996)
Value: $134 million (the least valuable in the NHL)

The Coyotes are one of the newest teams in the NHL, having moved from Winnipeg in 1996. According to Forbes, the Phoenix franchise is the least valuable in the NHL, worth just $134 million as of 2010. In contrast, the New York Rangers are worth more than three times as much. Between 2001 and 2010, the Coyotes lost money every single year, or a grand total of $118 million in losses over a nine-year period. In 2009, the losses were so high that the team declared bankruptcy. Eventually, the NHL ended up buying the team. Despite the fan draw of coach and hockey legend Wayne Gretzky, as well as making the playoffs two years in a row (after missing them six seasons in a row), attendance remains low.

(AP Photo/Rick Scuteri)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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