Toronto
By Lucas Casaletto
Posted October 30, 2024 9:14 am.
Last Updated October 30, 2024 9:31 am.
The Toronto Maple Leafs have been ranked as the National Hockey League’s (NHL) most valuable team for the fourth straight year.
Sportico released its 2024 NHL Franchise Valuation Rankings, listing the Maple Leafs at $3.66 billion, up from $2.65 billion in 2023, a 38 per cent one-year value increase.
The Maple Leafs have occupied the number one spot since 2021, when Sportico first released its annual valuation rankings.
In September, Rogers acquired Bell’s 37.5 per cent stake in Maple Leaf Sports and Entertainment (MLSE) for $4.7 billion. MLSE is the parent company of the Maple Leafs, the NBA’s Toronto Raptors, Toronto FC of MLS and the CFL’s Toronto Argonauts. It also owns the AHL’s Toronto Marlies and the Raptors 905 of the G League.
Rounding out this year’s top five most valuable NHL teams are the New York Rangers ($3.25 billion), Montreal Canadiens ($2.93 billion), Boston Bruins ($2.67 billion) and the Los Angeles Kings ($2.5 billion). The Chicago Blackhawks ($2.45 billion) fell out of the top five after being ranked fourth last year.
As for the other Canadian teams, fresh off an appearance in last year’s Stanley Cup Final, the Edmonton Oilers rose to seventh on this year’s list, coming in at $2.4 billion. The Vancouver Canucks ranked 13th with a $1.73 billion valuation, while the Calgary Flames fell one spot at 18 and a 2024 valuation of $1.58 billion.
The Ottawa Senators slipped two spots to 29th with a $1.4 billion valuation, while the Winnipeg Jets dropped three places to 31st at a valuation of $1.1 billion.
According to Sportico, the Columbus Blue Jackets are currently the least valuable NHL franchise ($1.06 billion).
A stretch of Toronto’s Lake Shore East is quickly becoming known as a dangerous spot for drivers as concerns continue to mount over road safety in light of a recent crash that took the lives of four people. The…
3h ago
The Toronto Zoo says it’s honouring the life of Charles, a 52-year-old silverback gorilla, who passed away on Tuesday. Charles died from natural causes after experiencing significant health issues which…
3h ago
TORONTO — Ontario’s finance minister is set to table his fall economic statement today, which the premier says is an ambitious plan to build highways, hospitals and homes. Premier Doug Ford also says…
4h ago
TTC staff proposed imposing a ban on e-bikes and e-scooters annually between Nov. 15 and April 15, citing lithium-ion battery safety concerns.
16h ago
A stretch of Toronto’s Lake Shore East is quickly becoming known as a dangerous spot for drivers as concerns continue to mount over road safety in light of a recent crash that took the lives of four people. The…
3h ago
The Toronto Zoo says it’s honouring the life of Charles, a 52-year-old silverback gorilla, who passed away on Tuesday. Charles died from natural causes after experiencing significant health issues which…
3h ago
TORONTO — Ontario’s finance minister is set to table his fall economic statement today, which the premier says is an ambitious plan to build highways, hospitals and homes. Premier Doug Ford also says…
4h ago
TTC staff proposed imposing a ban on e-bikes and e-scooters annually between Nov. 15 and April 15, citing lithium-ion battery safety concerns.
16h ago
While the forecast is calling for warm termperatures on Halloween, it will be accompanied by potential rain and high winds. Meteorologist Jessie Uppal has your forecast.
13h ago
Sources confirm to CityNews that city staff intend to purchase a building on Gerrard street East and install an 80 bed men’s shelter. The area councillor says it’s the wrong place for a shelter.
15h ago
A stretch of Toronto road is quickly becoming known as a dangerous spot for drivers. Shauna Hunt with the safety measure potentially coming to Lake Shore East.
4h ago
It’s been two weeks since 18 year old Logan went missing in Havelock. As Michelle Mackey reports, the Ontario Autism Coalition says it’s disappointed with the search effort from OPP.
Toronto’s hotel association says a proposed temporary hike to the hotel tax to 8.5 per cent from six per cent would make Toronto uncompetitive and would impact thousands of smaller businesses beyond hotels.
Now New and Improved! Watch CityNews, listen to NewsRadio Toronto live anytime and get up-to-the-minute breaking-news alerts, traffic, weather and video from CityNews Toronto anywhere you are – across all Android and iOS devices.
