New York Rangers
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The New York Rangers last made the playoffs in 2017, but they are still the most valuable NHL franchise for the fifth straight year.

The New York Rangers have not made the playoffs the last two seasons, have only won one Stanley Cup championship since 1940, yet have been named the NHL’s most valuable team for the fifth consecutive year by Forbes.

In an announcement by Forbes, the New York Rangers have dropped in attendance over the last two seasons, but are worth $1.65 billion. That’s an increase of six percent from last season.

The Rangers have been in a rebuilding situation for the better part of the past two seasons, yet that hasn’t hindered the value of the storied franchise.

Forbes’ Mike Ozanian reported that the team earned the most revenue ($270 million) and operating income ($123 million) in the league during the 2018-19 season. They ranked first in the league in combined suite and premium seat revenue (nearly $80 million) and in advertising and sponsorship revenue (over $40 million).

The Rangers have a huge advantage over other NHL teams as they play in the center of the biggest market that has plenty of large businesses surrounding the organization. Not to mention, they play in the World’s Most Famous Arena—Madison Square Garden.

The four clubs below the Rangers are all original six NHL teams:

  • 2—Toronto Maple Leafs, $1.5 billion
  • 3—Montreal Canadiens, $1.34 billion
  • 4—Chicago Blackhawks, $1.085 billion
  • 5—Boston Bruins, $1 Billion

The full list can be viewed here

The bottom five teams in value are:

  • 27—Winnipeg Jets, $420 million
  • 28—Buffalo Sabres, $400 million
  • 29—Columbus Blue Jackets, $325 million
  • 30—Florida Panthers, $310 million
  • 31—Arizona Coyotes, $300 million

The New Jersey Devils came in ranked at No. 15, valued at $550 million, while the New York Islanders rank No. 18 with a value of $520 million.

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