And the most valuable team in the NHL is…
Via Forbes
1. New York Rangers
• Value: $1.65 billion
• 1-Year Change: 0%
• Owner: Madison Square Garden Sports
• Operating Income: $87 million
2. Toronto Maple Leafs
• Value: $1.5 billion
• 1-Year Change: 0%
• Owner: Bell Canada, Rogers Communications, Larry Tanenbaum
• Operating Income: $56.3 million
3. Montreal Canadiens
• Value: $1.34 billion
• 1-Year Change: 0%
• Owner: Molson Family
• Operating Income: $86.5 million
4. Chicago Blackhawks
• Value: $1.085 billion
• 1-Year Change: 0%
• Owner: Rocky Wirtz
• Operating Income: $45.3 million
5. Boston Bruins
• Value: $1 billion
• 1-Year Change: 0%
• Owner: Jeremy Jacobs
• Operating Income: $26.8 million
6. Los Angeles Kings
• Value: $825 million
• 1-Year Change: -3%
• Owner: Philip Anschutz
• Operating Income: $45.3 million
7. Philadelphia Flyers
• Value: $800 million
• 1-Year Change: -3%
• Owner: Comcast
• Operating Income: $7.9 million
8. Detroit Red Wings
• Value: $775 million
• 1-Year Change: –3%
• Owner: Marian Ilitch
• Operating Income: $31.2 million
9. Washington Capitals
• Value: $750 million
• 1-Year Change: -3%
• Owner: Ted Leonsis
• Operating Income: $7.7 million
10. Vancouver Canucks
• Value: $725 million
• 1-Year Change: -2%
• Owner: Aquilini Investment Group
• Operating Income: $2.9 million
11. Pittsburgh Penguins
• Value: $650 million
• 1-Year Change: -2%
• Owner: Mario Lemieux, Ron Burkle
• Operating Income: $14 million
12. Dallas Stars
• Value: $575 million
• 1-Year Change: -4%
• Owner: Tom Gaglardi
• Operating Income: $4.5 million
13. Vegas Golden Knights
• Value: $570 million
• 1-Year Change: -2%
• Owner: Bill Foley, Maloof family
• Operating Income: $13.9 million
14. Edmonton Oilers
• Value: $550 million
• 1-Year Change: -4%
• Owner: Daryl Katz
• Operating Income: $16.9 million
15. New Jersey Devils
• Value: $530 million
• 1-Year Change: -4%
• Owner: Josh Harris, David Blitzer
• Operating Income: $4.1 million
16. New York Islanders
• Value: $520 million
• 1-Year Change: 0%
• Owner: Jon Ledecky, Scott Malkin
• Operating Income: –$37.9 million
17. San Jose Sharks
• Value: $515 million
• 1-Year Change: -5%
• Owner: Hasso Plattner
• Operating Income: –$14.7 million
18. St Louis Blues
• Value: $510 million
• 1-Year Change: -4%
• Owner: Tom Stillman
• Operating Income: –$8.2 million
19. Minnesota Wild
• Value: $500 million
• 1-Year Change: -2%
• Owner: Craig Leipold
• Operating Income: –$6.2 million
20. Calgary Flames
• Value: $480 million
• 1-Year Change: -4%
• Owner: N. Murray Edwards
• Operating Income: $400,000
21. Tampa Bay Lightning
• Value: $470 million
• 1-Year Change: 0%
• Owner: Jeffrey Vinik
• Operating Income: –$8.3 million
22. Colorado Avalanche
• Value: $465 million
• 1-Year Change: -2%
• Owner: Stan Kroenke
• Operating Income: –$10 million
23. Anaheim Ducks
• Value: $460 million
• 1-Year Change: -4%
• Owner: Henry and Susan Samueli
• Operating Income: –$9.1 million
24. Carolina Hurricanes
• Value: $440 million
• 1-Year Change: -2%
• Owner: Tom Dundon, Peter Karmanos Jr.
• Operating Income: –$15 million
25. Nashville Predators
• Value: $435 million
• 1-Year Change: –5%
• Owner: Herbert Fritch
• Operating Income: –$13.4 million
26. Ottawa Senators
• Value: $430 million
• 1-Year Change: -3%
• Owner: Eugene Melnyk
• Operating Income: –$2.9 million
27. Winnipeg Jets
• Value: $405 million
• 1-Year Change: -4%
• Owner: True North Sports + Entertainment
• Operating Income: –$7.6 million
28. Buffalo Sabres
• Value: $385 million
• 1-Year Change: -4%
• Owner: Terrence and Kim Pegula
• Operating Income: –$10.9 million
29. Columbus Blue Jackets
• Value: $310 million
• 1-Year Change: -5%
• Owner: John P. McConnell, Nationwide
• Operating Income: –$10.3 million
30. Florida Panthers
• Value: $295 million
• 1-Year Change: -5%
• Owner: Vincent Viola
• Operating Income: –$28.9 million
31. Arizona Coyotes
• Value: $285 million
• 1-Year Change: -5%
• Owner: Alex Meruelo
• Operating Income: –$17 million
METHODOLOGY
Our valuations are enterprise values (equity plus net debt) and include the economics of each team’s arena deal but not the value of the real estate itself. We adjust values for teams moving into new arenas, like the Islanders, based on how the arena is being financed, when it will open and the degree to which we can estimate revenues from the new arena.
Revenue and operating income are adjusted for revenue sharing and are for the 2019-20 season. All figures are in U.S. dollars based on the average U.S.-Canada exchange rates during the 2019-20 season.
The information used to compile our valuations primarily came from the teams, sports bankers, media consultants and public documents, like arena lease agreements and bond documents.
