The Vancouver Canucks may not be winning much on the ice in recent years, but it appears they’re still winning off of it.
Forbes released its 18th-annual NHL valuations list on Wednesday, with the Canucks ranking #7 on the list.
Forbes lists the Canucks’ value at $700 million, with revenues of $146 million and an operating income of $29.6 million. The Canucks’ value is down by 6% from their listing one year ago.
The Canucks have slipped one spot every year since 2013, when they ranked fourth by Forbes. It’s interesting to note that the Canucks now hold the same ranking as they did in 2011 and 2012, when they won back-to-back Presidents’ Trophies.
That’s well behind the New York Rangers, who ranked #1 on the list with a value of $1.25 billion, revenue of $219 million, and an operating income of $74.5 million.
The Canucks are one of three Canadian teams to crack the top 10, with Montreal ($1.12 billion) in second place and Toronto ($1.1 billion) in third.
Forbes named the Carolina Hurricanes ($230 million) as the least valuable team in the NHL, ranking just ahead of the Florida Panthers ($235 million) and Arizona Coyotes ($240 million).