Maple Leafs only NHL team on Forbes list of most valuable sports franchises
The Maple Leafs are the only NHL team on Forbes's list of the 50 most valuable franchises in sports, checking in at No. 26.
According to Forbes, the Leafs are worth US$1.15 billion and have been the most valuable NHL team since 2005 despite making just one playoff appearance in that time.
Spanish-based soccer club Real Madrid is No. 1 at $3.44 billion. Major League Baseball's New York Yankees are the top North American team on the list, fourth at $2.5 billion.
Despite being in the process of selling for $2 billion, the NBA's Los Angeles Clippers did not make the list, which finished with 50th-ranked AC Milan at $856 million. Commissioner Adam Silver forced Donald Sterling to give up ownership of the team following racist remarks that surfaced this past spring.
In his annual state of the league address before Game 1 of the Stanley Cup final, NHL commissioner Gary Bettman said the Clippers sale represented a unique situation.
"That may be a function of the uniqueness of the L.A. market," Bettman said in June. "It may be a function of the uniqueness of the people who live in L.A. who wanted to own the franchise. It may be a function of the person who decided to buy it and his own particular circumstances.
"But if the Clippers are worth $2 billion, we have plenty of franchises that are worth that if not more."
Bettman cited one survey that said franchise values went up roughly 46 per cent last year.
"Sports franchises are becoming increasingly valuable because of their prominence as media content. It doesn't surprise me to see franchise values increase dramatically."
Read more Business News
- 22,000 still in the darkWest Kelowna
- Power outage pastimesWest Kelowna
- Students rally for classmateVernon / N. Okanagan
- Garage goes up in flamesCentral Okanagan
|QHR Technologies Inc||1.22||-0.04|
|Anavex Life Sciences||0.1804||-0.0036|
|Copper Mountain Mining||2.29||-0.13|
|Sunrise Resources Ltd||0.065||+0.045|
|Mission Ready Services||0.31||-0.01|
Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...
Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...
Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...