Most hockey teams don’t make much money unless they make the playoffs. But that’s not the case for those that play in the sport’s best markets.
The New York Rangers have won just one Stanley Cup since 1940, in 1994, and have not made the playoffs the past two seasons. Attendance at Madison Square Garden for their home games slipped the past two years. Yet by our count, they are the NHL’s most valuable team for the fifth consecutive year, worth $1.65 billion,The Blueshirts benefit from being based in the sport’s largest market and in the city with.
The 31-team NHL is the most bifurcated major North American sports league. The top five teams are worth a combined $6.58 billion, 3.7 times more than the bottom five teams . The comparable valuation spreads for the other sports—3.3 for MLB, 2.7 for the NBA, 2.0 for the NFL—are far lower mainly because of their much larger national media deals, which get shared equally among all teams.A $1.
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