Shocking CNBC NHL Team Valuations Reveal Unexpected Winners and Losers in 2025 Rankings
The New York Rangers are valued at $3.8 billion, second-most in the league, despite taking an 18% haircut to their local television rights to $35 million for the year ending June 2026, as a result of an MSG Networks debt restructuring. But the Rangers raked in the most regular-season net gate receipts by a mile last season, at $179 million. Over the past four seasons, the Rangers earned $615 million from regular-season gate receipts — $152 million more than the Maple Leafs, who earned the second-most.
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