Report: Maple Leafs remain most valuable NHL team

Fans celebrate the Toronto Maple Leafs win over the Boston Bruins after watching game 6 of a first-round playoff series on a video screen outside Scotiabank Arena in Toronto on Thursday, May 2, 2024. (Arlyn McAdorey/THE CNAADIAN PRESS)

The Original Six dominates Sportico‘s annual release of NHL team valuations.

The Toronto Maple Leafs remain on top with a valuation of $3.66 billion, up 38 per cent from last year, in the report released Wednesday. (All figures in U.S. dollars unless noted otherwise.)

They are followed by the New York Rangers ($3.25 billion), Montreal Canadiens ($2.93 billion) and Boston Bruins ($2.67 billion).

The other Original Six teams the Chicago Blackhawks ($2.45 billion) and Detroit Red Wings ($1.85 billion) — are sixth and 11th, respectively.

Rogers announced last month it is purchasing Bell’s 37.5 per cent share of Maple Leaf Sports and Entertainment which owns the Leafs, Raptors, Argonauts and Toronto FC, among other properties for $4.7 billion (Canadian). The deal is not yet complete.

The average valuation of an NHL team is now $1.8 billion, up 37 per cent from last year. The Utah Hockey Club purchased the struggling Arizona Coyotes for $1.2 billion earlier this year in the most recent full sale of a club.

Utah is ranked 28th on the 32-team list.

The Columbus Blue Jackets ($1.06 billion) are last, just behind the Winnipeg Jets ($1.1 billion), Buffalo Sabres ($1.13 billion) and Ottawa Senators ($1.14 billion). All four of those teams have had attendance challenges in recent years.

Rounding out the Canadian teams, the Edmonton Oilers ($2.4 billion) are seventh, the Vancouver Canucks ($1.73 billion) are 13th and the Calgary Flames ($1.58 billion) are 18th.

 

Editors’ Note: Rogers Communications Inc., which owns Sportsnet, has a 37.5 per cent stake in Maple Leaf Sports & Entertainment and is purchasing a further 37.5 per cent from Bell.

 

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