Sportico has ranked all 32 NHL teams for the fourth consecutive year based on their values. According to their data, the average value of a franchise is $1.79 billion, up 37% from their 2023 rankings.
The Pittsburgh Penguins saw an increase in their franchise value, which now stands at $1.47 billion, about $300 million below the NHL average. In 2023, the Penguins were valued at $1.17 billion.
Unsurprisingly, the top four spots on the list feature Original Six franchises: the Toronto Maple Leafs ($3.66 billion), the New York Rangers ($3.25 billion), the Montreal Canadiens ($2.93 billion), and the Boston Bruins ($2.67 billion).
Interestingly, Pittsburgh’s cross-state rivals, the Philadelphia Flyers, rank 8th with a value of $2.29 billion, which is $820 million more than the Penguins.
Overall, the Penguins rank 20th, slightly ahead of the Seattle Kraken ($1.42 billion) and San Jose Sharks ($1.42 billion) but right behind the Colorado Avalanche ($1.57 billion) and Calgary Flames ($1.58 billion).
Related: Does Mario Lemieux Still Own the Penguins?
When the Fenway Sports Group purchased the Penguins in 2021, the estimated sales price was around $900 million. In just three years, they had enhanced the value of the five-time Stanley Cup champions by roughly $570 million.
The complete list of NHL franchise values can be found here.
Bookmark THN’s Pittsburgh Penguins site for the latest news, exclusive interviews, breakdowns, and more.
Read the full article here