The Edmonton Oilers emerged as one of the most financially successful sports franchises last year, despite being perceived as less valuable than many other teams, as indicated by Forbes magazine’s annual report. The Oilers were believed to have generated approximately $341.1 million in operating income last year, equivalent to $244 million US, placing them in a tie with the NFL’s Los Angeles Rams for the third spot on Forbes’ list of the top-20 most profitable sports teams in 2025.
Mayor Andrew Knack highlighted the unwavering support of Edmontonians for their beloved Oilers, emphasizing that the team holds a special place in the city’s culture and identity. Notably, Edmonton’s profitability outshone that of all other NHL teams, including the Toronto Maple Leafs, considered the league’s most valuable franchise by Forbes.
Forbes’ assessment methodology includes insights from various industry experts and public documents, focusing on metrics like earnings before interest, taxes, depreciation, and amortization to determine a team’s profitability rankings. The Oilers’ estimated value has surged significantly over the past 25 years, reaching $3.2 billion US, although it places fourth among NHL teams and 64th overall in sports franchises.
While economist Moshe Lander questions the accuracy of Forbes’ profitability data, he acknowledges the Oilers’ improved performance. However, Lander remains skeptical given the substantial revenue generated by NFL teams compared to the NHL. He suggests that the Forbes estimate may be an approximation, emphasizing that the team’s value is likely a more reliable indicator.
Despite the financial figures, the broader economic impact on the community is limited, with civic pride being a significant outcome. The high costs of tickets and merchandise, coupled with public funding for stadium development, have raised concerns among some fans and taxpayers. Nonetheless, loyal Oilers supporters remain unfazed, expressing pride in their team’s ranking and unwavering dedication on game days.
