Saturday, October 25th7.9°C
23711
22501

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."

The Canadian Press


Read more Business News

23901


Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 



23901

FEATURED Property
199281310-185 Taylor road
3 bedrooms 2 baths
$175,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


23091