The Toronto Maple Leafs have become the first NHL team to be worth $1 billion, according to Forbes. This despite the fact the franchise hasn’t won a Stanley Cup since 1967 and has missed the playoffs the last seven seasons.
The New York Rangers ($750 million) and Canadiens ($575 million) came in second and third on Forbes’s annual list. Forbes added that the Big Three accounted for 83 percent of the NHL’s income.
The Chicago Blackhawks ($350 million) and Boston Bruins ($348 million) rounded out the top five. The Los Angeles Kings, the defending Stanley Cup champions, rank 10th at $276 million
Forbes reports that the average value of the 30 NHL teams is $282 million, a 17.5-per-cent increase from last year.
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Forbes Top 10 List
1. Toronto Maple Leafs ($1 billion)
2. New York Rangers ($750 million)
3. Montreal Canadiens ($575 million)
4. Chicago Blackhawks ($350 million)
5. Boston Bruins ($348 million)
6. Detroit Red Wings ($346 million)
7. Vancouver Canucks ($342 million)
8. Philadelphia Flyers ($336 million)
9. Pittsburgh Penguins ($288 million)
10. Los Angeles Kings ($276 million)
You can read why ESPN The Magazine ranked the Leafs as the worst pro sports franchise in North America by clicking here.
You can read about a Maple Leafs fan paying $5,300 for an old toilet from the team’s locker room at Maple Leaf Gardens by clicking here.
And you can read about Detroit Red Wings prospect Riley Sheahan, a first-round draft pick in 2010, being arrested for drunk driving while wearing a Teletubby costume by clicking here.
(Photo by Mike Cassesse/Reuters)