Blackhawks’ Valuation Jumps — Where do they rank among Maple Leafs, Rangers, and Kings?

Blackhawks’ Valuation Hits $2.75B — 7th-Highest in NHL, But Still Far From the Top

As valuations soar across the league, the NHL continues to see unprecedented growth — and the Toronto Maple Leafs still sit firmly atop the list. According to the 2025 valuation rankings, the Blackhawks now check in at an estimated $2.75 billion, earning them the 7th-highest valuation among all 32 NHL franchises.

2025 NHL: Top 10 Franchise Valuations

Here’s how the league’s big-market teams stack up, based on the most recent valuations

Rank	Team	Valuation (2025)
1	Toronto Maple Leafs	$4.3B
2	New York Rangers	$3.8B
3	Montreal Canadiens	$3.4B
4	Los Angeles Kings	$3.15B
5	Edmonton Oilers	$3.10B
6	Boston Bruins	$3.05B
7	Chicago Blackhawks	$2.75B
8	Philadelphia Flyers	$2.6B
9	Washington Capitals	$2.5B
10	Detroit Red Wings	$2.47B

What That Means for Chicago Blackhawks

• Financially healthy: With a $2.75B valuation, the Blackhawks remain among the league’s upper-tier franchises. According to Sportico’s 2025 report, Chicago also pulled in roughly $268 million in revenue and posted an EBITDA of around $85 million

• Still behind the heavy hitters: Despite the upside, there’s a big gap between Chicago and the top-valued clubs like Toronto or New York.  It reflects deeper pockets, bigger markets, and more financial flexibility for things like star contracts, marketing, and facility upgrades.

• Valuation doesn’t guarantee wins

Bigger Picture: The NHL’s Rising Tide

• The league as a whole is riding a wave of growth. The average NHL franchise is now worth around $2.1 billion, up significantly from just a few years ago.
• Much of the increase in valuations stems from bigger national media deals, rising revenue from sponsorships and advertising, and — for some clubs — valuable real estate and business-side holdings.
• For teams like the Blackhawks, that broader financial boom offers a chance: with steady profits and a rising valuation, the front office has the theoretical firepower to rebuild, retool, or invest in long-term growth.

How the Blackhawks Compare to Rivals

Chicago sits 7th in NHL franchise valuations, but where does it compare to some of its rivals?

• Detroit Red Wings (10th, ~$2.47B): Chicago maintains a clear edge over Detroit, thanks to higher revenue and stronger EBITDA, but the Red Wings’ loyal fan base and historical prestige keep them competitive in market value.

• Philadelphia Flyers (8th, ~$2.6B): Just ahead of Chicago in valuation, the Flyers’ large media market and sponsorship deals give them slightly higher leverage, though the Blackhawks’ on-ice performance and star power still make Chicago a stronger draw regionally.

• Washington Capitals (9th, ~$2.5B): The Caps round out the top 10, with steady attendance and consistent playoff appearances helping maintain value, but Chicago’s larger market and revenue streams keep the Hawks ahead.

While the gap to the top 5 (Toronto, NY Rangers, Montreal, LA, Edmonton) remains significant, Chicago’s position shows that the team is far from a small-market contender.

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