Forbes: Rangers Most Valuable NHL Franchise At $1.2 Billion
NEW YORK (CBSNewYork/AP) — The New York Rangers are the most valuable NHL franchise at $1.2 billion, taking the top spot on the Forbes list for the first time since 2004.
The magazine said Tuesday that Montreal is second at $1.18 billion, followed by Toronto at $1.15 billion. The Maple Leafs had been the most valuable team since 2005, but they've reached the playoffs only once since 2006 and their 13-year home sellout streak ended in March.
Chicago, winner of three of the last six Stanley Cups, is fourth at $925 million, with Boston next at $750 million. Completing the top 10 are Vancouver, Philadelphia, Detroit, Los Angeles and Washington.
Florida is last on the list at $190 million.
The Devils are No. 21 at $330 million. The Islanders, in their first year at Brooklyn's Barclays Center, are right behind the Devils at approximately $330 million.
The Rangers reached the Stanley Cup Finals in 2014 and the conference finals in 2015. Madison Square Garden recently underwent a $1 billion renovation.
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