Showing posts with label Forbes. Show all posts
Showing posts with label Forbes. Show all posts

Monday, December 1, 2014

Leafs, Rangers, Habs are most valuable NHL clubs

New York, N.Y. - While the average NHL hockey club is worth around $490 million, there are three seemingly in their own league, enjoying a valuation of over $1 billion.

Toronto's Maple Leafs were ranked first-overall by Forbes, their ninth-straight year at the top, worth $1.3 billion.

That, despite the Leafs suffering a 47-year championship drought, having last lifted Lord Stanley's Cup in 1967.

The New York Rangers came second, worth $1.1 billion, thanks to an increase in income during their Stanley Cup Playoff run last season, which Forbes estimated at north of $20 million last season. 

Worth an estimated $1 billion, the Montreal Canadiens round out the top three, in large part to a Bell Centre sell-out streak lasting seven years straight, despite charging the second-highest prices in the league.

The average worth of NHL franchises increased 18.6 percent over the past year, to about $490 million. 

That increase has been attributed to a landmark deal between the league and Rogers Communications, the large Canadian television broadcaster. 

Forbes reports the contract to be worth $4.6 billion over 6 years, giving the conglomerate the right to broadcast every hockey game played in Canada, including every Stanley Cup Playoff matchup.

The Chicago Blackhawks came in fourth on the valuation list, at $825 million, and, according to the report, boast the highest average attendance (21,775) and the largest local television viewership, on CSN Chicago (153,000).