The Most Valuable NHL Teams 2024

The Most Valuable NHL Teams 2024
Image Credit: Forbes

As the National Hockey League (NHL) continues to expand its global reach and attract new fans, the financial landscape of its teams has become a topic of great interest.

In 2024, NHL franchise’s valuations will reflect not only their on-ice performance but also their business acumen, market dynamics, and strategic initiatives.

From storied franchises with rich histories to emerging powerhouses, the financial standings of these teams reveal intriguing insights into the world of professional hockey. In this article, we delve into the most valuable NHL teams of 2024, exploring what drives their worth and how they shape the future of the sport.

The Most Valuable NHL Teams 2024

 

20. Dallas Stars – $1.08 B

Dallas Stars
Image Credit: Dallas Stars

The Dallas Stars rank 20th among the most valuable NHL teams in 2024, with a valuation of $1.08 billion. Owned by Tom Gaglardi, the team boasts an operating income of $50 million and generates $210 million in revenue. The Stars experienced a significant 15% increase in value over the past year, reflecting their strong financial performance and growing fan base. Known for their competitive play and dedicated supporters, the Dallas Stars continue to solidify their position as a formidable force both on and off the ice, contributing to the overall prestige and financial health of the NHL.

 

19. Calgary Flames- $1.1B

Calgary Flames
Image Credit: Calgary Flames

The Calgary Flames, valued at $1.1 billion, rank 19th among the most valuable NHL teams in 2024. Owned by N. Murray Edwards, the team has seen a remarkable 29% increase in value over the past year. The Flames generate $183 million in revenue and maintain a strong operating income of $37 million. This financial growth reflects the team’s dedicated fan base, successful marketing strategies, and effective management. As they continue strengthening their on-ice performance and expanding their brand, the Calgary Flames solidify their position as a significant player in the NHL.

 

18. Vegas Golden Knights – $1.125B

Jack Eichel
Jack Eichel | Image Credit: NHL

The Vegas Golden Knights rank 18th among the most valuable NHL teams in 2024, with a team value of $1.125 billion. The franchise, owned by Bill Foley, boasts an impressive operating income of $73 million and annual revenue of $233 million. Over the past year, the team’s value has surged by 17%, reflecting its growing popularity and financial success. The Golden Knights’ strong performance and strategic business operations have solidified their position as a significant player in the NHL, continuing to attract fans and revenue.

 

17. Colorado Avalanche – $1.15B

Nathan MacKinnon
Nathan MacKinnon | Image Credit: NHL

The Colorado Avalanche, valued at $1.125 billion, ranks as the 17th most valuable NHL team in 2024. Owned by E. Stanley Kroenke, the team’s value has surged by 34% in just one year. The Avalanche boasts an impressive operating income of $39 million and generates $182 million in revenue. This significant growth reflects the team’s strong on-ice performance, robust fan support, and strategic business operations. As the franchise thrives financially and competitively, it remains a key player in the NHL’s dynamic landscape.

 

16. Pittsburgh Penguins – $1.175B

Sidney Crosby
Sidney Crosby | image Credit: NHL

The Pittsburgh Penguins, valued at $1.175 billion, rank as the 16th most valuable NHL team in 2024. Owned by Fenway Sports Group, the team has seen a remarkable 19% increase in value over the past year. The Penguins generated $207 million in revenue, contributing to an impressive operating income of $49 million. This growth reflects the team’s strong brand, dedicated fan base, and strategic management. As one of the league’s storied franchises, the Penguins continue to be a powerhouse on and off the ice, bolstering their financial standing and market presence.

 

15. Detroit Red Wings – $1.2B

Dylan Larkin
Dylan Larkin | Image Credit: Sportswire

The Detroit Red Wings rank 15th among the most valuable NHL teams in 2024, with a team value of $1.2 billion. Owned by Marian Ilitch, the franchise has seen a notable 17% increase in value over the past year. The Red Wings generate impressive revenue of $199 million and operating income of $64 million. This financial strength reflects the team’s enduring popularity and effective management, positioning them as a formidable presence in the NHL on and off the ice.

 

14. Seattle Kraken – $1.225B

The Seattle Times
Image Credit: The Seattle Times

The Seattle Kraken ranks as the 14th most valuable NHL team in 2024, with a team value of $1.225 billion. Owned by Marian Ilitch, the Kraken has demonstrated strong financial performance with an operating income of $44 million and revenue of $197 million. This impressive growth reflects a 17% increase over the past year. The team’s strategic management, dedicated fan base, and innovative marketing efforts have solidified its position among the top NHL franchises. The Kraken’s value is a testament to its successful entry into the league and its bright future in professional hockey.

 

13. Tampa Bay Lightning – $1.25B

Andrei Vasilevskiy
Andrei Vasilevskiy | Image Credit: NHL

The Tampa Bay Lightning ranked as the 13th most valuable NHL team in 2024, with a team value of $1.225 billion. Owned by Jeffrey Vinik, the Lightning has shown impressive financial performance, boasting an operating income of $27 million and generating $196 million in revenue. Over the past year, the team’s value has surged by 25%, reflecting their robust market presence and successful management. Known for their competitive play and strong fan base, the Lightning continues to be a formidable force on and off the ice, contributing significantly to the NHL’s overall growth and profitability.

 

12. Vancouver Canucks – $1.325B

Quinn Hughes
Quinn Hughes | Image Credit: NHL

The Vancouver Canucks, owned by the Aquilini Investment Group, are valued at $1.325 billion in 2024. This marks a significant 31% increase from the previous year. The team generates a substantial revenue of $198 million, with an operating income of $48 million. The Canucks’ rising value reflects strong performance both on and off the ice, benefiting from a dedicated fan base and lucrative media deals. Their financial growth underscores the team’s importance in the NHL landscape, making them one of the most valuable franchises in the league.

 

11. New Jersey Devils – $1.45B

Nico Hischier
Nico Hischier | Image Credit: NHL

The New Jersey Devils rank as the 11th most valuable NHL team in 2024, with a valuation of $1.45 billion. Owned by David Blitzer and Josh Harris, the Devils have seen a remarkable 51% increase in value over the past year. Their operating income stands at $55 million, supported by a revenue of $240 million. This surge reflects the team’s strategic business moves, successful marketing efforts, and solid on-ice performance. As the Devils continue to build their brand and fan base, their financial growth showcases their rising prominence in the NHL landscape.

 

10. New York Islanders – $1.55B

Anders Lee
Anders Lee | Image Credit: Getty Images

The New York Islanders rank as the 10th most valuable NHL team in 2024, with a team value of $1.55 billion. Owned by Jon Ledecky and Scott Malkin, the franchise has experienced a remarkable 52% increase in value over the past year. The Islanders generate $183 million in revenue, contributing to an operating income of $30 million. This financial growth reflects the team’s strategic management and successful market positioning, bolstered by a loyal fan base and a competitive presence in the league. Their impressive financial performance highlights their significance in the NHL’s economic landscape.

 

9. Washington Capital – $1.6B

Alex Ovechkin
Alex Ovechkin | Image Credit: NHL

The Washington Capitals, valued at $1.6 billion, are among the most valuable NHL teams 2024. Owned by Ted Leonsis, the Capitals boast a significant operating income of $74 million and generate $218 million in revenue. Over the past year, the team’s value has surged by 33%, reflecting strong financial health and successful management. The Capitals’ impressive valuation and revenue figures highlight their prominent league position and ability to capitalize on both on-ice performance and off-ice business ventures.

 

8. Philadelphia Flyers – $1.65B

Sean Couturier
Sean Couturier | Image Credit: NHL

The Philadelphia Flyers, owned by Comcast, are ranked as the eighth most valuable NHL team in 2024, with a team value of $1.65 billion. The Flyers have seen a remarkable 32% increase in value over the past year. Their operating income is $53 million, generating an impressive $219 million in revenue. This growth reflects strong fan engagement, strategic management, and effective revenue generation, solidifying their position as a premier team in the league. The Flyers’ financial success highlights their enduring appeal and competitive presence in the NHL.

 

7. Edmonton Oilers – $1.85B

Connor Mcdavid
Connor Mcdavid | Image Credit: NHL

The Edmonton Oilers rank as the seventh most valuable NHL team in 2024, with a team value of $1.85 billion. Owned by Daryl Katz, the Oilers have shown a remarkable 45% increase in value over the past year. This surge is attributed to their strong performance on the ice and successful marketing strategies. The team’s revenue is $281 million, while their operating income is an impressive $122 million. The Oilers’ dedicated fan base and strategic investments in talent and facilities have solidified their position as one of the league’s premier franchises.

 

6. Chicago Blackhawks – $1.875B

Seth Jones
Seth Jones | Image Credit: NHL

The Chicago Blackhawks rank as the sixth most valuable NHL team in 2024, valued at $1.85 billion. Owned by Rocky Wirtz, the team’s operating income is an impressive $96 million, with a revenue of $228 million. Over the past year, the Blackhawks have seen a significant 25% increase in value. This growth reflects their strong brand presence, loyal fanbase, and strategic management. The team’s success on and off the ice continues to bolster their financial standing, making them a powerhouse in the NHL.

 

5. Boston Bruins – $1.9B

David Pastrnak
David Pastrnak | Image Credit: NHL

The Boston Bruins, valued at $1.9 billion, rank among the most valuable NHL teams 2024. Owned by Jeremy Jacobs, the Bruins have seen a remarkable 36% increase in value over the past year. This growth is supported by an operating income of $57 million and total revenue of $239 million. Known for their rich history and passionate fan base, the Bruins remain a significant force in the NHL, both on and off the ice, solidifying their financial and competitive standing in the league.

 

4. Los Angeles Kings – $2B

Anze Kopitar
Anze Kopitar | Image Credit: NHL

The Los Angeles Kings, valued at $2 billion, rank as the fourth most valuable NHL team in 2024. Owned by Philip Anschutz, the team has seen a remarkable 54% increase in value over the past year. With an operating income of $108 million and revenue totalling $279 million, the Kings’ financial performance reflects their strong market presence and loyal fan base. Their success on and off the ice continues to elevate their status, making them a significant force in the NHL both competitively and economically.

 

3. Montreal Canadiens – $2.3B

Nick Suzuki
Nick Suzuki | Image Credit: NHL

The Montreal Canadiens, valued at $2 billion, are the third most valuable NHL team in 2024. Owned by the Molson Family, the Canadiens boast an impressive operating income of $99 million and generate $265 million in revenue. The team has seen a remarkable 24% increase in value over the past year. Known for their rich history and passionate fan base, the Canadiens continue to be a dominant force both on and off the ice, solidifying their position as one of the premier franchises in the NHL.

 

2. New York Rangers – $2.65B

Adam Fox
Adam Fox | Image Credit: NYR

The New York Rangers are the second most valuable NHL team in 2024, valued at $2.65 billion. Owned by Madison Square Garden Sports, the team boasts an operating income of $69 million and a revenue of $265 million. The Rangers have experienced a significant 20% increase in value over the past year. Their financial success is attributed to a strong fan base, lucrative sponsorship deals, and the prime location of Madison Square Garden in New York City. The team’s consistent performance and strategic management continue to enhance its market position and profitability.

 

1. Toronto Maple Leafs – $2.8B

Auston Matthews
Auston Matthews | NHL

The Toronto Maple Leafs, valued at $2.85 billion, stand as the most valuable NHL team in 2024. Owned by Bell Canada, Larry Tanenbaum, and Rogers Communications, the Leafs have seen a remarkable 40% increase in value over the past year. Their financial prowess is evident, with an operating income of $127 million and revenue of $281 million. The team’s historic legacy, with a passionate fan base and strategic management, continues to drive their market dominance, making them a cornerstone of the NHL’s economic landscape.