"Ranking the NHL's Top Money-Making Franchises in 2023"

The Toronto Maple Leafs have surpassed the New York Rangers as the most valuable team in the NHL, with a valuation of $2.8 billion. The Maple Leafs' value is $150 million higher than the Rangers, who held the top spot for eight consecutive years. The Montreal Canadiens rank third with a value of $2.3 billion. NHL teams have seen a 29% increase in average value over the past year, reaching $1.33 billion. Sponsorships have played a significant role in the league's financial success, with local and national sponsorship revenues experiencing substantial growth.