Forbes rates Pens18th most valuable NHL team
PHOENIX -- The Penguins are wildly popular, but they are not the Toronto Maple Leafs.
According to Forbes, the Maple Leafs rate as the league's most valuable organization for a third consecutive year. Toronto is worth $448 million, a 9 percent spike from last season.
The Penguins rated 18th in the rankings, which Forbes released Wednesday. Their estimated worth is $195 million, but their 26 percent increase in value is better than any team in Forbes' top 10.
The Penguins kept with their previous stance and did not comment on the Forbes franchise value rankings.
Forbes also reported an $87 million value in revenue and an operating income at $5.1 million for the Penguins, who likely will move into the top 10 after Pittsburgh's new multipurpose arena opens for the 2010-11 season.
Mellon Arena is the NHL's oldest building. Of Forbes' top 10 teams, only the New York Rangers and Detroit Red Wings play in buildings not constructed within the past 15 years.
Show commenting policy
TribLive commenting policy
- Penguins not alone in top-heavy approach to salary cap
- Reliving the moment a decade ago that shifted the Penguins' history
- Sutter: Staal effect felt on 3rd line with Penguins
- Penguins trade Sutter to Canucks, sign free agent center Fehr
- New Pens winger Fehr ready for defense-first role
- Rossi: ‘Hockey guy’ Sutter will be missed
- Financial experts suggest sale of Penguins could drag into fall
- Penguins to appear on national TV 18 times in 2015-16