Rangers and Maple Leafs Named Most Valuable NHL Franchises

According to a recent report by Forbes, the New York Rangers and Toronto Maple Leafs top the list of the most valuable franchises in the NHL.

The Rangers top the list at $1.65 billion, while the Maple Leafs come in a close second at $1.5 billion. And while the Montreal Canadiens, Chicago Blackhawks, and Boston Bruins round out the top-5, there is some concern about the overall worth of the league. 

The report mentioned:

The result: The average NHL team value fell 2%, to $653 million, the first decline since 2001. Revenue for the league totaled $4.4 billion during the 2019-20 season, 14% less than the previous year. Operating income was $250 million, down 68%. That’s left many owners scrambling for a lifeline. Some teams have borrowed money to mitigate losses, with average team debt rising to $144 million from $127 million last year, by our count. More losses are expected from the abbreviated 2020-21 season, so the league is looking to tap the private placement market for more debt, according to sources.

Outside of the top-five only the Tampa Bay Lightning and New York Islanders values went up last season. The big market franchises make a ton of money off of local television networks and with no fans in the stands for at least a portion of next season, it's going to be interesting times around the NHL landscape.

For the full list of where all 31 teams ranked, click here.

Photo credit: Nick Turchiaro/Icon Sportswire