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Avalanche ranked 19th on Forbes’ annual NHL valuations

The Colorado Avalanche might mean everything to you and me, but they’re pretty middle-of-the-road in monetary value.

Business Leaders Converge In Sun Valley, Idaho For Allen And Company Annual Meeting Photo by Scott Olson/Getty Images

Every year Forbes comes out with these lists and every year we click on them hoping to affirm our favorite franchise ranks where it should in the greater NHL hierarchy. Alas, the Colorado Avalanche are not one of Forbes Magazine’s top hockey franchises. They’re pretty mediocre—just like their current place in the standings.

The Burgundy & Blue are still worth a boatload of money, have a very nice facility that still ranks pretty well despite its age. The team also continues to draw well:

The Avalanche's average attendance at the Pepsi Center (also owned by team owner Stan Kroenke) increased 5% during the 2015-16 season, to 17,032, even though the team missed the playoffs for the second consecutive season

The team also drove a healthy profit last year after losing $3.7 million the year prior.

Read the article here.