Detroit Red Wings struggle with franchise value amid decade-long playoff drought

The Detroit Red Wings rank 13th among NHL franchises, according to Sportico's valuation report, marking a notable decline for the historic team. Celebrating their 100th Anniversary, the Red Wings have not made the playoffs for ten years, losing value despite a reported $300 million increase over the past year. While the franchise once dominated, it now trails newer teams like the Vegas Golden Knights. Recent efforts to attract fans include $26 tickets and affordable game packages, aiming to boost attendance at Little Caesars Arena. However, the team's inability to invest in top players raises further questions about its appeal. Detroit faced challenges in attracting talent, evidenced by insider comments about defenseman Zach Werenski eyeing other destinations.

• 3:26 AMYahoo Sports — Red Wings Don’t Have Same Value as They Used To