Sportico values New York Rangers at over $2 billion
The New York Rangers are estimated to be worth over $2 billion by Sportico in a new article where they provide valuations for all 32 NHL teams.
Sportico based their values on a very comprehensive methodology that includes public information and interviews with multiple team owners, financial officers, team executives, and industry experts.
The average NHL franchise is worth $1.01 billion—crossing the 10-figure mark for the first time—and up 9% from a year ago. The total value of the league’s 32 clubs, including ownerships’ stakes in real estate, venues, TV networks and team-related holdings, is $32.4 billion. The Toronto Maple Leafs rank first at $2.12 billion, $110 million ahead of the New York Rangers.
Kurt Badenhausen, Sportico
Sportico: Rangers second most valued team
In December of 2021, Forbes named the New York Rangers the NHL’s most valued franchise at $2 billion. It was also the 7th consecutive year that Forbes named the Rangers the top valued team with Toronto Maple Leafs, Montreal Canadiens, Chicago Blackhawks, and Boston Bruins rounded out the top five respectively.
According to Sportico’s latest, it is now the Toronto Maple Leafs atop the most valued team’s in hockey.
Top 5 Total Value
- Toronto Maple Leafs ($2.12B)
- New York Rangers ($2.01B)
- Montreal Canadiens ($1.7B)
- Chicago Blackhawks ($1.44B)
- Boston Bruins ($1.41B)
Sportico also broke down specific segments to show how they came to the valuations. You can view Sportico’s interactive chart and read about their extensive methodology here.
When it comes to revenue, the Rangers were the top team.
Top 5 Revenue from 2021-22
- New York Rangers ($282M)
- Toronto Maple Leafs ($276M)
- Los Angeles Kings ($262M)
- Montreal Canadiens ($257M)
- Edmonton Oilers ($250M)
Forbes is expected to release their latest valuations in December. It’ll be interesting to see how they rank the Rangers again.
New York Rangers not for sale
Over the summer there was some speculation that James Dolan would possibly be selling either the New York Rangers or New York Knicks.
In early October, Barron’s published an article discussing Madison Square Garden Sports doing a “one-time cash dividend of about $175 million, or $7 per share, and repurchase $75 million of stock in its first return of capital to shareholders since it became an independent public company in April 2020.”
It was in that story where James Dolan himself confirmed that neither the Rangers or Knicks were being sold.
Dolan said that estimated team values are based on so-called private-market values, which would occur in a potential sale. The gap between MSG’s market value and private-market value reflects investor expectations that the teams won’t be sold. “They’re right. We’re not,” he said.
Barron’s (Subscription Required)
Back in 1994, Paramount Communication was acquired by Viacom, who in turn sold MSG properties to Cablevision and ITT Corporation. Cablevision became sole owner after buying out ITT. In 1999, James Dolan was given a larger role managing the teams sports operations which included the Knicks and Rangers.*
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