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Detroit Red Wings among top 10 most valuable NHL teams

Posted: 7:32 AM, Dec 06, 2017
Updated: 2017-12-06 16:26:09Z

The Detroit Red Wings are one of the original six members of the National Hockey League and are also one of the most valuable franchises in the league, according to a new report from Forbes.

According to Forbes, the Red Wings are the ninth most valuable franchise in the NHL with a value of $700 million. That's a 14 percent increase in value from 2016.

Forbes also said the team has a revenue of $141 million with a $5.4 million operating income.

The New York Rangers are the most valuable franchise in the league for the third straight year, according to Forbes. They are worth $1.5 billion which is up 20 percent from last year.

Coming in at second is the Toronto Maple Leafs with a $1.4 billion value, just beating out the Montreal Canadiens who are worth $1.25 billion.

The Chicago Blackhawks and Boston Bruins round out the top five.

Detroit is also worth more than the rival Pittsburgh Penguins, who come in at No. 10 with a $650 million value.