We have the answer for you: Forget cryptocurrency.
Buy an NHL team.
We’re not kidding. It appears to be one of the hottest investments you can make.
The New York Rangers are worth an NHL-high $1.5 billion, according to the latest estimate by Forbes.
In its annual list of franchise valuations, Forbes says the average NHL team is now worth $594 million, up 15 percent from a year ago. It comes on the heels of Bill Foley‘s group paying $500 million for the expansion Vegas Golden Knights, who come in 14th among 31 teams.
The Rangers lead the NHL for the third consecutive year. After the Rangers, the Toronto Maple Leafs are second at $1.4 billion (IUS Dollars), the Montreal Canadiens third at $1.25 billion and the Chicago Blackhawks fourth at $1 billion.
The back-to-back Stanley Cup-champion Pittsburgh Penguins come in 10th at $650 million. The Arizona Coyotes are last at $300 million, which seems like a bargain for a buy-in with the current surge in the value of teams, doesn’t it?