The New York Rangers are valued at over $2 billion by Sportico in a new article where they provide valuations for all 32 NHL teams.
Sportico has based its values on a very comprehensive methodology that includes public information and interviews with several team owners, finance managers, team leaders and industry experts.
The average NHL franchise is worth $1.01 billion — crossing the 10-figure mark for the first time — and up 9% from a year ago. The total value of the league’s 32 clubs, including stakes in real estate, venues, television networks and team-related holdings, is $32.4 billion. The Toronto Maple Leafs rank first with $2.12 billion, $110 million ahead of the New York Rangers.
Kurt Badenhausen, Sportico
Sportico: Rangers second most popular team
In December 2021, Forbes named the New York Rangers the most valuable franchise in the NHL with $2 billion. It was also the 7th straight year that Forbes named the Rangers the most valued team, with the Toronto Maple Leafs, Montreal Canadiens, Chicago Blackhawks and Boston Bruins rounding out the top five respectively.
According to the latest news from Sportico, it is now the Toronto Maple Leafs at the top of the most popular team in hockey.
Top 5 Total Value
- Toronto Maple Leafs ($2.12 billion)
- New York Rangers ($2.01 billion)
- Montreal Canadiens ($1.7 billion)
- Chicago Blackhawks ($1.44 billion)
- Boston Bruins ($1.41B)
Sportico has also broken down specific segments to show how they arrived at valuations. You can check out Sportico’s interactive chart and learn more about their detailed methodology here.
In terms of revenue, Rangers were the better team.
Top 5 earners of 2021-22
- New York Rangers ($282 million)
- Toronto Maple Leafs ($276M)
- Los Angeles Kings ($262 million)
- Montreal Canadiens ($257M)
- Edmonton Oilers ($250M)
Forbes is expected to release its latest ratings in December. It will be interesting to see how they rank Rangers again.
The New York Rangers are not for sale
Over the summer, there was speculation that James Dolan might sell the New York Rangers or the New York Knicks.
In early October, Barron’s published an article on Madison Square Garden Sports making a “one-time cash dividend of approximately $175 million, or $7 per share, and repurchasing $75 million worth of stock in its first return of capital. to shareholders since becoming an independent public company in April 2020.
It was in this story that James Dolan himself confirmed that neither the Rangers nor the Knicks were sold.
Dolan said the team’s estimated values are based on so-called private market values, which would occur in a potential sale. The gap between MSG’s market value and private market value reflects investors’ expectations that the teams will not be sold. ” They are right. We are not,” he said.
Barron’s (subscription required)
In 1994, Paramount Communication was acquired by Viacom, which in turn sold the MSG properties to Cablevision and ITT Corporation. Cablevision became the sole owner after acquiring ITT. In 1999, James Dolan was given a bigger role in managing the sports operations of the teams, which included the Knicks and Rangers.*
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