The on-ice product, fan support and market location are all driving forces to an NHL organization.
Despite serious league-wide revenue challenges created by the coronavirus pandemic, the new-look Flyers got back to contending in 2019-20 and attendance started to climb before the season was suspended on March 12.
In Forbes' annual valuation of all NHL clubs, the Flyers stand as the league's seventh-most valuable team, a ranking they held last December, as well. Per Forbes, the Flyers have a calculated value of $800 million and saw a 3 percent drop-off over the last year.
With renovations to the Wells Fargo Center, a retooling of hockey operations, an improved team on the ice and Gritty's rise (yes, he impacts revenue), the Flyers, owned by Comcast Spectacor, have been proactive in pushing forward.
"I think you know our history and our culture, it really started with Ed Snider," chairman and CEO of Comcast Spectacor Dave Scott said in July. "We come in and we invest and we go for it every year. We made some big changes a couple years ago, which needed to be made. I like the team we have together now, the front office, the coaching staff. Expectations are high. I think we’ll continue to forge ahead."
A significant investment made by the organization was its summoning of experienced head coach Alain Vigneault in April 2019. Vigneault's arrival, facilitated by new general manager Chuck Fletcher, was preceded by a seven-year stretch of stagnancy in which the Flyers failed to win a playoff series and missed the postseason four times.
Fans were buying in down the 2019-20 stretch as the Flyers put up the best home marks in hockey.
Scott, who in July said he "couldn’t be happier" with the club's direction following the tumultuous 2018-19 campaign, has been impressed by Vigneault.
"We actually live down in the same neighborhood in Old City Philadelphia," Scott said. "He’s just a terrific guy. He’s confident, no nonsense and I love the way he coaches and runs his plays. He’s really got the respect of the whole organization, the whole team. You look at the beginning of last season, everybody had to adjust to the new systems, processes and all the new coaching. He’s just done a tremendous job for us. I think really with him coming on board, it was a new day for the Flyers."
The 2020-21 season will provide unprecedented challenges for all NHL clubs and ownership. A critical area in which the Flyers can control is Vigneault having his team ready to go for when and where the puck drops amidst these challenging times.
Subscribe to and rate Flyers Talk