Forbes: Leafs are 3rd most valuable team in NHL

Nov 30 2016, 11:41 pm

The Toronto Maple Leafs 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 Leafs ranking #3 on the list.

Forbes lists the Maple Leafs’ value at $1.1 billion, with revenues of $186 million and an operating income of $68 million. The Leafs’ value is down by 4% from their listing one year ago.

The Maple Leafs maintained the same spot they held last year, behind the New York Rangers ($1.25 billion) and Montreal Canadiens ($1.12 billion). Toronto was #1 in this ranking from 2005 until last year, when they were passed by the Rangers and Canadiens.

The Vancouver Canucks ($700 million) are the only other Canadian team to crack the top 10.

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).

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