Forbes magazine values CF Montreal at only $375 million, 2nd last in MLS

CF Montreal has not benefitted from the upward trend in the value of Major League Soccer clubs since 2019, according to a Forbes report released Thursday morning.
According to the renowned American magazine, MLS clubs have reported an 85 per cent increase in value overall since that time. The average value of an MLS club is currently US$579 million.
The Montreal club is currently worth $375 million -- 27th among the 28 teams in the league.
Forbes reported that CF Montreal, which is owned by the Saputo family, generated $30 million in revenue by 2022. However, it also incurred a $12 million operating loss for the same period.
In terms of overall value, only the Colorado Rapids are worse than CF Montreal. The Rapids are currently valued at $350 million.
The most profitable club in MLS is LAFC, whose value is estimated at $1 billion. The Californian side brought in $116 million in revenues in 2022, and an operating profit of $8 million.
Toronto FC is sixth in the rankings, with an estimated total value of $690 million, while the Vancouver Whitecaps are 25th at $410 million.
In making its rankings, Forbes "examined recent transactions, publicly available financial information and interviewed more than 40 team executives, owners, investment bankers and industry insiders."
The magazine said that "all published figures are Forbes estimates; team values do not include stadiums, real estate or debt. Revenues and operating income are for the 2022 season, and the latter represents earnings before interest, taxes, depreciation and amortization. Playoffs, player transfers and MLS revenue sharing have been excluded from revenue calculations. Auxiliary sources of club revenue, such as events not associated with MLS operations, have been included."
This report by The Canadian Press was first published in French on Feb. 2, 2023.
CTVNews.ca Top Stories
Canada makes amendments to foreign homebuyers ban – here's what they look like
Months after Canada's ban on foreign homebuyers took effect on Jan. 1, the Canada Mortgage and Housing Corporation has made several amendments to the legislation allowing non-Canadians to purchase residential properties in certain circumstances.

Odds and ends: Here are some law changes Liberals plan to put in the budget bill
The 2023 federal budget released this week includes a series of affordability measures, tax changes, and major spends on health care and the clean economy. But, tucked into the 255-page document are a series of smaller items you may have missed.
Victim of Vancouver stabbing had asked man not to vape near toddler, says grieving mom
The family of a 37-year-old man who was stabbed to death in Vancouver last weekend says he was attacked after asking someone not to vape near his young daughter.
BREAKING | RCMP interviewing Canadians held in detention camps in Syria: sources
CTV News has learned that RCMP officers are currently in northeast Syria, interviewing Canadians held in detention camps in order to bring them back to Canada. The three Mounties have so far interviewed only Canadian women in Al-Roj camp.
B.C. parents win battle to put son's Indigenous name on his birth certificate
After 13 months of fighting, the parents of a Campbell River, B.C., boy have received a birth certificate that accurately reflects the spelling of his name.
Man who allegedly killed Quebec police officer had long history of violence, mental health issues: court docs
The man who allegedly killed a Quebec provincial police (SQ) officer on Monday had a long history of violence detailed in court documents. Sgt. Maureen Breau was fatally stabbed while trying to arrest a man on accusations of uttering threats in Louiseville near Trois-Rivieres. Two other officers then shot and killed the man.
Here are the ways the budget impacts you: From grocery bills to small business credit card fees
The federal government unveiled its spring budget Tuesday, with a clean economy as the centrepiece, and detailing targeted measures to help Canadians deal with still-high inflation.
Bank of Canada watching for potential spillovers from global banking stresses
A senior Bank of Canada official says the central bank is keeping a close eye on the stresses to the global banking system ahead of its next interest rate decision and monetary policy report in April.
BREAKING | Pope Francis hospitalized after experiencing breathing difficulties: Vatican
The Vatican says Pope Francis will be hospitalized for several days for treatment of a pulmonary infection after experiencing difficulty breathing in recent days.