Ottawa Senators worth $220 million: Forbes

Forbes Magazine ranks professional sports franchise values each year, and on Wednesday came out with its NHL list.

According to its calculations, the Ottawa Senators come in at $220 million, good for 16th in the National Hockey League, but only 6th among Canadian teams (only the Winnipeg Jets are ranked lower).

The magazine also makes a big splash over the fact the Toronto Maple Leafs are the first billion-dollar hockey team, after the Ontario teacher’s pension sold its stake to Rogers and Bell.

Take the Forbes rankings for what they are – a guess. Teams guard their finances very closely and the magazine doesn’t have access to team books.

Tags: Ottawa Senators

About James Gordon

Born and raised in Winnipeg, Manitoba, Citizen sports editor James Gordon watched the original NHL Jets play their last game on his 15th birthday and returned 15 years later to chronicle one of the reincarnated franchise’s games against the Ottawa Senators. Prior to joining the Citizen’s sports section as a hockey writer and online editor during Senators’ 2007 Stanley Cup final run, he spent several years on Parliament Hill covering national security, terrorism and access to information issues. The Carleton University grad’s journalism career began with a summer job as a business reporter with Dow Jones Newswires in Toronto, but he soon returned to Ottawa to join the Citizen. James was appointed sports editor in March 2012. View all posts by James Gordon →