L.A. Kings ranked eighth in Forbes.com list of NHL’s most valuable franchises

Winning two Stanley Cups in three seasons has its rewards. Well, that plus owning and operating a lucrative arena in downtown Los Angeles has Forbes.com ranking the Kings as the eighth-most valuable team in the NHL.The Kings’ estimated value of $580 million ranked well behind the Toronto Maple Leafs ($1.3 billion), the New York Rangers ($1.1 billion) and the Montreal Canadiens ($1 billion), the first time three NHL teams have been valued at more than $1 billion.

The Kings were just behind the Philadelphia Flyers ($625 million) and just ahead of the Detroit Red Wings ($570 million). The San Jose Sharks ($425 million) and the Ducks ($365 million) ranked 14th and 18th, giving California three teams in the top 20. The Florida Panthers were 30th and last with a value of $190 million.

The Kings’ overall value grew by 29 percent from 2013, according to Forbes.

Here’s the link to the Forbes.com story: http://www.forbes.com/sites/mikeozanian/2014/11/25/the-most-valuable-teams-in-the-nhl/

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