NEW YORK (AP) The New York Rangers are the most valuable NHL franchise at $1.2 billion, taking the top spot on the Forbes list for 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.
The Rangers reached the finals of Stanley Cup playoffs in 2014 and semifinals in 2015, shortly after Madison Square Garden underwent a $1 billion renovation.
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Online: www.forbes.com/nhl-valuations
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