Forbes list of the most valuable NHL teams

Last updated

Forbes compiles the finances of all 32 NHL teams to produce an annual ranking of the best franchises in terms of valuation. The valuations are composed of the monetary worth of the sport, market, stadium deals, and brand. [1] These areas are supported by applying various financial metrics such as debt and operating income to each one. [2]

Contents

The latest ranking reported that the Toronto Maple Leafs were the most valuable NHL franchise after the 2022–23 NHL season, overtaking the New York Rangers. The Rangers held the title for 8 consecutive years prior to the 2022-2023 season [3] The fastest growing NHL franchise is the Edmonton Oilers, with a 136.1% increase in valuation since the 2017–18 NHL season ($540 million to $2.65 billion). [4]

Several media outlets, such as CBS and Bleacher Report, have referenced the report and analyzed the results when they come out. [5] [6] The NHL has consistently published news about the rankings since the early renditions. [7] [8] The report has also applied more context to NHL trends, such as the Edmonton Oilers doubling in value in just one year. [9] (The Oilers have recently been consistently clinching the playoffs, moved into their new arena and made new media deals). [10] [11] [12]

Ranking

Rankings as of December 14, 2023 (2022–23 NHL season) [13]

RankSwing [a] TeamState/
Province
Value [b] Change [c] Debt [d] Revenue [e] Operating Income [f]
1Increase2.svg 1 Toronto Maple Leafs Flag of Ontario.svg Ontario $2.8 billionIncrease2.svg 40%7%$281 million$127 million
2Decrease2.svg 1 New York Rangers Flag of New York.svg New York $2.65 billionIncrease2.svg 20%3%$265 million$69 million
3Steady2.svg Montreal Canadiens Flag of Quebec.svg Quebec $2.3 billionIncrease2.svg 24%9%$265 million$99 million
4Increase2.svg 2 Los Angeles Kings Flag of California.svg California $2 billionIncrease2.svg 54%5%$279 million$108 million
5Steady2.svg Boston Bruins Flag of Massachusetts.svg Massachusetts $1.9 billionIncrease2.svg 36%5%$239 million$57 million
6Decrease2.svg 2 Chicago Blackhawks Flag of Illinois.svg Illinois $1.875 billionIncrease2.svg 25%5%$228 million$96 million
7Steady2.svg Edmonton Oilers Flag of Alberta.svg Alberta $1.85 billionIncrease2.svg 45%4%$281 million$122 million
8Steady2.svg Philadelphia Flyers Flag of Pennsylvania.svg Pennsylvania $1.65 billionIncrease2.svg 32%0%$219 million$53 million
9Steady2.svg Washington Capitals Flag of Washington, D.C.svg Washington, D.C. $1.6 billionIncrease2.svg 33%12%$218 million$74 million
10Increase2.svg 2 New York Islanders Flag of New York.svg New York $1.55 billionIncrease2.svg 52%32%$183 million$30 million
11Increase2.svg 6 New Jersey Devils Flag of New Jersey.svg New Jersey $1.45 billionIncrease2.svg 51%9%$240 million$55 million
12Increase2.svg 1 Vancouver Canucks Flag of British Columbia.svg British Columbia $1.325 billionIncrease2.svg 31%9%$198 million$48 million
13Increase2.svg 1 Tampa Bay Lightning Flag of Florida.svg Florida $1.25 billionIncrease2.svg 25%12%$196 million$27 million
14Decrease2.svg 4 Seattle Kraken Flag of Washington.svg Washington $1.225 billionIncrease2.svg 17%29%$197 million$44 million
15Decrease2.svg 4 Detroit Red Wings Flag of Michigan.svg Michigan $1.2 billionIncrease2.svg 17%8%$199 million$64 million
16Decrease2.svg 1 Pittsburgh Penguins Flag of Pennsylvania.svg Pennsylvania $1.175 billionIncrease2.svg 19%17%$207 million$49 million
17Increase2.svg 3 Colorado Avalanche Flag of Colorado.svg Colorado $1.15 billionIncrease2.svg 34%30%$182 million$39 million
18Decrease2.svg 2 Vegas Golden Knights Flag of Nevada.svg Nevada $1.125 billionIncrease2.svg 17%13%$233 million$73 million
19Increase2.svg 2 Calgary Flames Flag of Alberta.svg Alberta $1.1 billionIncrease2.svg 29%8%$183 million$37 million
20Decrease2.svg 2 Dallas Stars Flag of Texas.svg Texas $1.08 billionIncrease2.svg 17%15%$210 million$50 million
21Increase2.svg 1 Minnesota Wild Flag of Minnesota.svg Minnesota $1.05 billionIncrease2.svg 24%15%$185 million$43 million
22Decrease2.svg 3 St. Louis Blues Flag of Missouri.svg Missouri $0.99 billionIncrease2.svg 13%13%$184 million$41 million
23Steady2.svg Nashville Predators Flag of Tennessee.svg Tennessee $0.975 billionIncrease2.svg 20%15%$180 million$38 million
24Steady2.svg Ottawa Senators Flag of Ontario.svg Ontario $0.95 billionIncrease2.svg 19%29%$128 million$5.1 million
25Increase2.svg 1 Anaheim Ducks Flag of California.svg California $0.925 billionIncrease2.svg 28%27%$164 million$22 million
26Decrease2.svg 1 San Jose Sharks Flag of California.svg California $0.9 billionIncrease2.svg 22%6%$158 million$11 million
27Increase2.svg 1 Carolina Hurricanes Flag of North Carolina.svg North Carolina $0.825 billionIncrease2.svg 29%18%$177 million$25 million
28Decrease2.svg 1 Winnipeg Jets Flag of Manitoba.svg Manitoba $0.78 billionIncrease2.svg 20%17%$162 million$21 million
29Increase2.svg 2 Florida Panthers Flag of Florida.svg Florida $0.775 billionIncrease2.svg 41%21%$161 million$6 million
30Decrease2.svg 1 Columbus Blue Jackets Flag of Ohio.svg Ohio $0.765 billionIncrease2.svg 23%18%$151 million$35 million
31Decrease2.svg 1 Buffalo Sabres Flag of New York.svg New York $0.75 billionIncrease2.svg 23%17%$159 million$25 million
32Steady2.svg Utah Mammoth Flag of Utah.svg Utah $1.2 billionIncrease2.svg 11%62%$120 million$19 million

Composition

A pie chart that represents the composition of valuation for the average NHL team.
  1. Sport (25.8%)
  2. Market (38.3%)
  3. Stadium (23.6%)
  4. Brand (12.3%)

Historical valuations

Historical valuations (in US$ millions) by NHL team [g]
Team 2022–23 2021–22 2020–21 2019–20 2018–19 2017–18 2016–17 2015–16 2014–15 2013–14 2012–13
Toronto Maple Leafs 2,8002,0001,8001,5001,5001,5001,4001,1001,2001,3001,200
New York Rangers 2,6502,2002,0001,7001,7001,6001,5001,3001,2001,100850
Montreal Canadiens 2,3001,8501,6001,3001,3001,3001,3001,1001,2001,000775
Los Angeles Kings 2,0001,3001,025825850810750600580580450
Boston Bruins 1,9001,4001,3001,0001,000925890800750750600
Chicago Blackhawks 1,8751,5001,4001,1001,1001,1001,000925925825625
Edmonton Oilers 1,8501,2751,100550575540520445455475400
Philadelphia Flyers 1,6501,2501,200800825800740720660625500
Washington Capitals 1,6001,200930750775725625575565500414
New York Islanders 1,5501,020950520520440395385325300195
New Jersey Devils 1,450960775530550455400320330330320
Vancouver Canucks 1,3251,010825725740735730700745800700
Tampa Bay Lightning 1,2501,000650470470445390305260230180
Seattle Kraken 1,2251,0508750 [l] 0 [l] 0 [l] 0 [l] 0 [l] 0 [l] 0 [l] 0 [l]
Detroit Red Wings 1,2001,030990775800775700625600570470
Pittsburgh Penguins 1,175990900650665650650570560565480
Colorado Avalanche 1,150860630465475430385360360360337
Vegas Golden Knights 1,1259657105705805755000 [l] 0 [l] 0 [l] 0 [l]
Calgary Flames 1,100855680480500450430410435451420
Dallas Stars 1,080925720575600525515500450420333
Minnesota Wild 1,050850675500510490440400380370330
St. Louis Blues 990880640510530465450310270235185
Nashville Predators 975810600435460425380270255250205
Ottawa Senators 950800525430445435420355370400380
Anaheim Ducks 925725620460480460460415400365300
San Jose Sharks 900740625515540510490470445425405
Carolina Hurricanes 825640550440450420370230225220187
Winnipeg Jets 780650575405420415375340350358340
Florida Panthers 775550450295310295305235186190240
Columbus Blue Jackets 765620475310325320315245226200175
Buffalo Sabres 750610500385400375350300300288250
Arizona Coyotes 500450400285300290300240220225200

Notes

  1. Movement of spots in the ranking from the 2021–22 NHL season to the 2022–23 NHL season.
  2. 1 2 Value of team (in USD) based on current stadium deal (unless new stadium is pending), without deduction for debt (other than stadium debt).
  3. Change of valuation from the 2021–22 NHL season to the 2022–23 NHL season.
  4. Expressed as the percentage of valuation that is debt. Includes stadium debt.
  5. Revenue in USD.
  6. Earnings (in USD) before interest, taxes, depreciation and amortization.
  7. 1 2 Financial data taken from each team profile on Forbes.
  8. Portion of franchise's value attributable to revenue shared among all teams.
  9. Portion of franchise's value attributable to its city and market size.
  10. Portion of franchise's value attributable to its arena.
  11. Portion of franchise's value attributable to its brand.
  12. 1 2 3 4 5 6 7 8 9 10 11 12 Team did not exist to be attributed a financial valuation.

See also

References

  1. "New York Rangers Profile". Forbes . Retrieved 2 April 2022.
  2. "NHL Team Values 2022: New York Rangers On Top At $2.2 Billion". Forbes . Retrieved 20 December 2022.
  3. "The Most Valuable NHL Teams 2023". Forbes . Retrieved 4 September 2024.
  4. "Edmonton Oilers Profile". Forbes . Retrieved 2 April 2022.
  5. "New York Rangers tabbed as most valuable NHL franchise, Maple Leafs and Canadiens round out the top three". National Hockey League. 9 December 2021. Retrieved 2 April 2022.
  6. "Rangers Top Forbes' 2021 List of Most Valuable NHL Teams; NYR Becomes 1st $2B Team". Bleacher Report . Retrieved 2 April 2022.
  7. "Maple Leafs first NHL team worth $1 billion, according to Forbes magazine". National Hockey League . Retrieved 2 April 2022.
  8. "Forbes: Maple Leafs most valuable NHL team at $332 million; Capitals are last". National Hockey League . Retrieved 2 April 2022.
  9. "Edmonton Oilers Profile". Forbes . Retrieved 2 April 2022.
  10. "NHL Records - Edmonton Oilers". National Hockey League . Retrieved 2 April 2022.
  11. "Home of the Katz Group". Katz Group of Companies . Retrieved 2 April 2022.
  12. "Sportsnet announces 2021-22 Edmonton Oilers broadcast schedule". Sportsnet. 17 September 2021. Retrieved 2 April 2022.
  13. "The Most Valuable NHL Teams 2023". Forbes . Retrieved 4 September 2024.