Forbes lists Leafs worth at $505 million US

ROB LONGLEY, QMI Agency

, Last Updated: 7:37 PM ET

TORONTO - Sale or no pending sale, the Toronto Maple Leafs have never been more valuable than they are right now. And if there ends up being a bidding war for the parent company, Maple Leafs Sports and Entertainment, the following numbers may already be obsolete on the low side.

Forbes Magazine released its annual valuations of the 30 NHL teams on Wednesday and once again the Leafs are ranked at the top.

According to the Forbes figures, the Leafs are worth $505 million US, a nice 8% gain over last year. Those totals are based on revenues of $187 million and an operating income of $82.5 million.

The New York Rangers, at a current value of $461 million, are ranked second, up 11% from last year followed by the Montreal Canadiens who saw a 20% increase and are valued at $408 million.

The Leafs have enjoyed steady growth since Forbes began its valuations since 1998 when the team was said to be worth $119 million. Last year, the value was $470 million up from $48 million in 2008.

As a private company, the Leafs have never commented on the Forbes listings.


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