Maple Leafs first NHL team worth $1 billion, according to Forbes magazine

NEW YORK, N.Y. – The Toronto Maple Leafs are the first NHL team worth $1 billion, according to Forbes magazine.

The Leafs, who have not won a Stanley Cup since 1967, are worth $250 million more than the next most valuable franchise, the New York Rangers. The Montreal Canadiens are worth $575 million.

The Vancouver Canucks are the next Canadian team on the list, in seventh at $342 million. The Calgary Flames are in 12th at $245 million, the Edmonton Oilers are ranked 14th at $225 million, the Ottawa Senators 16th at $220 million and the Winnipeg Jets 20th at $200 million.

Least valuable of the 30 teams are the St. Louis Blues at $130 million and the Phoenix Coyotes at $134 million.

The Stanley Cup champion Los Angeles Kings are worth $276 million, 10th overall.

Forbes says the NHL’s total revenues were $3.4 billion for the 2011-12 season.

With the players locked out by owners, the NHL already has cancelled 422 regular-season games.

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Online: www.forbes.com/nhl-valuations

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