NHL's richest franchises highlighted in new report by Forbes

| December 12, 2019 in Sports

Local Community Advertising

John Tavares, Carey Price and Connor McDavid are all slated to make more than $10-million during the 2019-2020 season, but that's only a fraction of what the logo on their sweaters is worth.

The NHL's richest franchises have been evaluated in an annual list by Forbes, which once again proves hockey is a real money maker in North America. 

Overall, franchise values have risen 6% since last year, with teams now being worth an average of $667 million USD.

For a fifth consecutive year, the New York Rangers retain the top spot with a value of $1.65 billion.

There are five NHL teams that are now worth more than a billion dollars, including the Toronto Maple Leafs ($1.5 billion) and Montreal Canadiens ($1.34 billion).

The Vancouver Canucks ($740 million) are the only other Canadian team to rank inside the top 10, while the Edmonton Oilers ($575 million) and Calgary Flames ($500 million) cracked the top 20.

The Ottawa Senators ($445 million) ranked 26th out of 31 teams, while the Winnipeg Jets ($420 million) are 27th.

Not surprisingly, nine of the 10 lowest-valued franchises have only been in their respective cities since the 1990’s or 2000’s.

However, it is interesting that the NHL's newest team in Seattle paid $650-million to join the league yet 18 teams are worth less than that price tag.

Local Community Advertising

Trending Stories

Spring jolt for Kelowna real estate sales and prices

Woof woof! Dog-friendly patios abound in Kelowna

Who should pay to have a rock drill removed off a BC highway?

BC government implores Meta to unblock news as another wildfire season begins

Wine tour by horseback, Airstream, hike, bike or electric people mover

BC man wants homes for thousands of books he soon won't be able to read

Police investigating trio of shootings in Kamloops

Cherry Blossom Triathlon on Sunday means road hiccups in the Lower Mission