New York, NY
Forbes magazine has ranked the Toronto Maple Leafs as the most valuable NHL franchise with a worth of $521 million.
Forbes says the average team value hit a record $240 million.
However all is not perfect with the league as operating income fell 21 percent due to rising player salaries and 18 of the 30 teams are losing money.
The New York Rangers are second on the Forbes list at $507 million with the Montreal Canadiens third at $445 million.
While over half the league fails to turn a profit, teams in big-time markets like Toronto and New York are enjoying a surge in their value with increased revenue from ticket sales and money pouring in from cable television contracts.
Detroit came in fourth on the list at $336 million followed by Stanley Cup-champion Boston in fifth at $325 million.
Chicago was sixth with Vancouver, Philadelphia, Pittsburgh and the Los Angeles Kings rounding out the top 10.
- NHL Adopts Four Conference Realignment Plan
- Forbes Lists Maple Leafs as Most Valuable NHL Franchise
- Red Wings Ageless Wonder Lidstrom Keeps Team On Winning Path
- Maple Leafs Forward Phil Kessel Out in Front in NHL All Star Voting
- Defending Stanley Cup Champ Bruins Back in Title Form With 10-Game Winning Streak
- Flyers Chemistry Helping Team Take Off
- Montreal Canadiens Hopes for Big Season Riding on Goalie Carey Price
- CBC Distancing Itelf from Don Cherry's Over Hockey Fighting Comments
- Penguins Put Sidney Crosby on Injured Reserve to Start Season
- New York Rangers Drop Sean Avery
- Senators Goalie Lehner Says He Will be Patient
- NHL Great Mike Modano Retires After 21 Seasons
- Calgary Flames Hope to Start New Season Like They Ended Last One: Hot
- Veteran Forward Owen Nolan Looking for One More Shot with Canucks
- Top Leafs Prospect Jake Gardiner Has Learned Defense Quickly
- City of Vancouver Not Happy with NHL Stance Regarding Post-Game Riots
- Rebuilding Ottawa Senators Look to Bounce Back From Poor Season
- Can the Winnipeg Jets Win?
- Chelios, Tkachuk, Suter Among U.S. Hockey Hall of Fame Inductees
- Ducks' Perry and Bruins' Thomas Highlight NHL Awards
Copyright © 2011 AHN - All Rights Reserved