New York, NY (Dec. 11, 2019) – Forbes today reveals the 21st annual ranking for the National Hockey League’s 31 teams and the New York Rangers maintain the No. 1 spot on the list for the fifth consecutive year, worth $1.65 billion. The Toronto Maple Leafs follow in the second spot, worth $1.5 billion, followed by the Montreal Canadiens, who take the No. 3 spot and are valued at $1.34 billion.

“Despite not making the playoffs for the past two seasons, the New York franchise has maintained their position in part because of their location in the city with the biggest companies,” said Mike Ozanian, Managing Editor, Forbes. “In the past two seasons, the Rangers have lost more games than they’ve won but have managed to make the most revenue ($270 million) and operating income ($123 million) in the league during the 2018-19 season.”

The average value of each NHL team rose 6% over the past season, to $667 million. Rounding out the top five most valuable NHL teams are the Chicago Blackhawks (No. 4) and the Boston Bruins (No.4), worth $1 billion and $925 million, respectively.

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