New York Rangers top all teams as the NHL’s most valued franchise
The next NHL season is right around the corner. Sources close to the Blueshirts tell me they are starting to ramping up perspective sales calls for 2021. This is with the anticipation fans will at some point be at Madison Square Garden.
New York Rangers top NHL franchise
According to Forbes, the New York Rangers are once again the most valued franchise in the NHL with a value of $1.65 billion and an operating income of $87 million.
Next are the Toronto Maple Leafs at $1.5 billion and an operating income of $56.4 million. The Montreal Canadiens came in third and are very similar to the Rangers with a value of $1.34 billion and $86.5 million in operating income.
It should shock no one that the top five teams are also the oldest as Original Six members. The Red Wings came in 8th and were valued at $775 million.
Top five account for almost 25% of all revenue
According to Forbes, the NHL took serious losses due to the Pandemic but were saved further damage thanks to the top five teams which accounts for almost 25% of all revenue. The remaining 26 teams make up the the rest.
The league’s five most valuable teams—New York Rangers ($1.65 billion), Toronto Maple Leafs ($1.5 billion), Montreal Canadiens ($1.34 billion), Chicago Blackhawks ($1.085 billion) and Boston Bruins ($1 billon)—accounted for almost a quarter of the league’s revenue. Without them, the league would have lost $50 million.Forbes
The report indicates the majority of income comes from the team’s local cable television deals with the Rangers bringing in just under $35 million. Also credited were the teams markets and “rabid fan bases.”
So congrats to James Dolan and the Madison Square Garden Company, and to you, the Blueshirts Faithful.