Posted November 28, 2012 on
AP on Fox
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.
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 canceled 422 regular-season games.
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Forbes magazine published its annual valuation of NHL franchises on Wednesday and anointed the Toronto Maple Leafs as the leagues first billion-dollar club.
Forbes numbers are sure to cause a lot of discussion, partly because individual teams and the league always dispute the calculations. Forbes relies on estimates in many cases and public information (such as the value of TV rights...
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