Forbes released its annual list of all 31 NHL team valuations, and the New York Rangers claimed the top spot for the sixth consecutive year.
The Rangers, owned by Madison Square Garden Sports, have a value of $1.65 million, with an operating income of $87 million. The value of the team didn’t change from Forbes’ 2019 rankings.
The Toronto Maple Leafs placed second on the list with a value of $1.5 billion. Like the Rangers, the Maple Leafs didn’t see any increase/decrease from last year’s valuations. They had an operating of $56.3 million.
The top five was filled with Original Six teams, rounded out by the Montreal Canadiens ($1.34 billion), Chicago Blackhawks (1.085 billion) and Boston Bruins ($1 billion). None of those three teams saw a change in the 2019 valuations, either.
It’s not surprising to see those five teams in the top five, given that they play in giant markets with some of the largest fanbases across North America.
After those five, the rest of the top 10 consisted of the Los Angeles Kings ($825 million), Philadelphia Flyers ($800 million), Detroit Red Wings ($775 million), Washington Capitals ($750 million) and Vancouver Canucks ($725 million).
The Kings, Flyers, Red Wings and Capitals saw their valuations drop by three percent. The Canucks’ value fell by two percent.
None of the 31 teams saw an increase in their value this year. That was obviously due to the ongoing COVID-19 pandemic, which forced the league to suspend the regular season from mid-March through the month of July.
When the season resumed in August, they played in the hub cities of Edmonton and Toronto without any fans in attendance. The shortened season and the losses in gate revenue played major factors in the lack of increase for team valuations.
The NHL and NHLPA are working on a format for a 56-game 2020-21 NHL season, with the goal of finishing the playoffs before the Summer Olympics in Tokyo, Japan.
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