Most Valuable NHL Franchises In 2025 Revealed

The Toronto Maple Leafs remain the NHL’s most valuable franchise, topping Sportico’s 2025 valuations at $4.25 billion.

This marks the fifth straight year Toronto has led the league, outpacing the New York Rangers ($3.65 billion) and Montreal Canadiens ($3.3 billion).

Rounding out the top five are the Boston Bruins ($3 billion) and the Los Angeles Kings ($2.96 billion).

The @MapleLeafs are the NHL's most valuable team at $4.25 billion, and the league average is up 108% over the past three years.

Check out some other key facts here: https://t.co/0hkfhe5WMn pic.twitter.com/DqpE4vKdlU
— Sportico (@Sportico) October 1, 2025

Leafs Lead the NHL in Most Valuable Franchises

According to Sportico’s Kurt Badenhausen, the Leafs’ dominance comes from unrivaled ticket sales, sponsorships, and media revenue, with Maple Leafs Sports & Entertainment also owning Scotiabank Arena, one of the highest-grossing venues in the world.

The NHL’s overall financial health is booming as well, with the average team now worth $2.1 billion, a 17% year-over-year increase. Standouts include the Carolina Hurricanes and two-time defending champion Florida Panthers, who saw valuation jumps of 49% and 51% respectively.

Back in 2022, the Florida Panthers were the 31st ranked franchise in value at $535M.

3 Stanley Cup runs later & two championship, number has jumped to number 19 in the NHL at $1.89B.

They had a 51% increase from last year to this year alone.

Per @Sportico.#TimeToHunt pic.twitter.com/xNgVgJwcKy
— Armando Velez (@Mandoman12) October 1, 2025

Perhaps most striking, the league’s lowest-valued franchise, the Columbus Blue Jackets, now sits at $1.3 billion, the same floor as MLB’s Miami Marlins.

With expansion fees expected to exceed $2 billion, NHL ownership is more lucrative than ever.

While the Leafs still chase their elusive first Stanley Cup since 1967, their financial dominance has stayed the same: Toronto remains hockey’s most powerful brand, and the growth across the league suggests the business of the NHL has never been stronger.