Skip to main content

The Globe and Mail

Forbes: Maple Leafs worth the most in NHL

Toronto Maple Leafs right wing Phil Kessel celebrates his game winning goal against the Pittsburgh Penguins on Saturday night.

John E. Sokolowski-US PRESSWIRE/John E. Sokolowski

Forbes magazine says the Toronto Maple Leafs are the most valuable NHL franchise with a value of $521-million.

The New York Rangers are second at $507-million, followed by the Montreal Canadiens at $445-million.

Forbes has Vancouver seventh at $300-million, Calgary 13th at $220-million, Edmonton 15th at $212-million, Ottawa 17th at $201-million and Winnipeg 24th at $164-million.

Story continues below advertisement

The magazine says the average NHL team, is now worth $240-million, up 5 per cent from a year ago.

But rising player costs are cutting into profits.

Still the teams worth the most are doing just fine, according to the magazine.

Forbes says the Leafs, Rangers and Habs posted an aggregate operating profit greater than the rest of the league combined.

Report an error
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to If you want to write a letter to the editor, please forward to