Rangers replace Maple Leafs atop Forbes’ most valuable list

Published 11/25/2015, 4:19 AM EST
Nov 23, 2015; New York, NY, USA; The New York Rangers celebrate after defeating the Nashville Predators 3-0 at Madison Square Garden. Mandatory Credit: Andy Marlin-USA TODAY Sports


(Reuters) – The New York Rangers have ended a decade-long reign by the Toronto Maple Leafs as the most valuable franchise in the National Hockey League (NHL), according to an annual survey released by Forbes on Tuesday.

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The Rangers, who return to the top of the rankings for the first time since 2004, were valued at $1.2 billion with the Montreal Canadiens ($1.17 billion) second on the list and the Maple Leafs ($1.15 billion) third.

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The Stanley Cup champion Chicago Blackhawks ($925 million) and the Boston Bruins ($750 million) rounded out the top five.

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According to Forbes, the financial strength of the Rangers is the result of a $1 billion renovation of their home venue, Madison Square Garden, along with the team’s run to the Stanley Cup finals in 2014 and the semi-finals last season.

The Maple Leafs, one of the NHL’s “Original Six” members as are the other top-five valued teams, have reached the playoffs only once since 2004 and dropped 12 percent in their overall worth from last year.

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The NHL’s 30 teams are valued at an average $505 million, a three percent rise over last year with most of the Canadian franchises decreasing in worth as the Canadian dollar fell 10 percent relative to the U.S. dollar during the 2014-15 season.

(Reporting by Mark Lamport-Stokes in Los Angeles; Editing by Larry Fine)

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Dhruv George

12023 articles

Dhruv George is a senior Formula One and NASCAR analyst for EssentiallySports, having authored nearly 12000 articles spanning different sports like F1, NASCAR, Tennis, NFL, and eSports. He graduated with a PG Diploma in Journalism from the Xavier Institute of Communications. Dhruv has also conducted interviews with F1 driver Pierre Gasly and Moto2 rider Tony Arbolino.

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