Forbes: Rangers Worth $1.5B, Again NHL's Most Valuable Team, Red Wings 9th
NEW YORK (AP) — The New York Rangers are worth an NHL-high $1.5 billion as team values continue to rise, according to the latest estimate by Forbes.
In its annual list of franchise valuations, Forbes says the average NHL team is now worth $594 million, up 15 percent from a year ago. It comes on the heels of Bill Foley's group paying $500 million for the expansion Vegas Golden Knights, who come in 14th among 31 teams.
| Rank | Team | Current Value | 1-Yr Value Change | Debt/Value | Revenue | Operating Income | |
|---|---|---|---|---|---|---|---|
 |
#1 | New York Rangers | $1.5 B | 20% | 4% | $246 M | $94 M |
 |
#2 | Toronto Maple Leafs | $1.4 B | 27% | 8% | $211 M | $76 M |
 |
#3 | Montreal Canadiens | $1.25 B | 12% | 18% | $236 M | $92 M |
 |
#4 | Chicago Blackhawks | $1 B | 8% | 0% | $183 M | $48 M |
 |
#5 | Boston Bruins | $890 M | 11% | 0% | $176 M | $33 M |
 |
#6 | Los Angeles Kings | $750 M | 25% | 7% | $175 M | $32 M |
 |
#7 | Philadelphia Flyers | $740 M | 3% | 0% | $170 M | $26 M |
 |
#8 | Vancouver Canucks | $730 M | 4% | 11% | $156 M | $22 M |
 |
#9 | Detroit Red Wings | $700 M | 12% | 0% | $141 M | $5.4 M |
 |
#10 | Pittsburgh Penguins | $650 M | 14% | 18% | $196 M | $41 M |
 |
#11 | Washington Capitals | $625 M | 9% | 20% | $146 M | $16 M |
 |
#12 | Edmonton Oilers | $520 M | 17% | 19% | $151 M | $24 M |
 |
#13 | Dallas Stars | $515 M | 3% | 27% | $140 M | $21 M |
 |
#14 | Vegas Golden Knights | $500 M | - | 42% | - | - |
 |
#15 | San Jose Sharks | $490 M | 4% | 10% | $137 M | $8.6 M |
 |
#16 | Anaheim Ducks | $460 M | 11% | 13% | $136 M | $-2.6 M |
 |
#17 | St Louis Blues | $450 M | 45% | 16% | $150 M | $9.2 M |
 |
#18 | Minnesota Wild | $440 M | 10% | 26% | $139 M | $4.8 M |
 |
#19 | Calgary Flames | $430 M | 5% | 7% | $129 M | $5.4 M |
 |
#20 | Ottawa Senators | $420 M | 18% | 29% | $135 M | $10 M |
 |
#21 | New Jersey Devils | $400 M | 25% | 40% | $137 M | $12 M |
 |
#22 | New York Islanders | $395 M | 3% | 51% | $110 M | $-8.6 M |
 |
#23 | Tampa Bay Lightning | $390 M | 28% | 0% | $124 M | $-1.8 M |
 |
#24 | Colorado Avalanche | $385 M | 7% | 0% | $113 M | $-400 K |
 |
#25 | Nashville Predators | $380 M | 41% | 22% | $141 M | $14 M |
 |
#26 | Winnipeg Jets | $375 M | 10% | 35% | $119 M | $10 M |
 |
#27 | Carolina Hurricanes | $370 M | 61% | 70% | $108 M | $3 M |
 |
#28 | Buffalo Sabres | $350 M | 17% | 23% | $120 M | $-13 M |
 |
#29 | Columbus Blue Jackets | $315 M | 29% | 24% | $106 M | $-5.3 M |
 |
#30 | Florida Panthers | $305 M | 30% | 38% | $100 M | $-11 M |
 |
#31 | Arizona Coyotes | $300 M | 25% | 83% | $98 M | $-19 M |
The Rangers lead the NHL for the third consecutive year. After the Rangers, the Toronto Maple Leafs are second at $1.4 billion, the Montreal Canadiens third at $1.25 billion and the Chicago Blackhawks fourth at $1 billion.
The back-to-back Stanley Cup-champion Pittsburgh Penguins come in 10th at $650 million. The Arizona Coyotes are last at $300 million.
___
More NHL hockey: https://apnews.com/tag/NHLhockey
(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
