Mar 29, 2012; Vancouver, British Columbia,CANADA; Opening ceremonies before the Vancouver Canucks host the Colorado Avalanche at Rogers Arena. The Vancouver Canucks won 1-0. Mandatory Credit: Anne-Marie Sorvin-US PRESSWIRE

Canucks Valued at $342 Million

Forbes Magazine unveiled their annual National Hockey League team valuations and the Vancouver Canucks are seventh in value at $342  million.

The top-six most valuable franchises are the Original Six teams: the Toronto Maple Leafs ($1 billion), New York Rangers ($750 million), Montreal Canadiens ($575 million), Chicago Blackhawks ($350 million), Boston Bruins ($348 million), and the Detroit Red Wings ($346 million).

The magazine estimates the Canucks earned $143 million in revenue last year, which places them fourth in the league behind the Toronto Maple Leafs, New York Rangers, and Montreal Canadiens. At the gate, the Canucks generate approximately $70 million in ticket sales and have a 97% renewal rate for season tickets.

In their 2011 rankings, the magazine valued the Canucks to be worth $300 million—a growth of $42 million or 14% this year.

Franceso Aquilini and his brothers first bought 50% of Canucks Sports & Entertainment in 2004, then bought the remaining half in 2006.  The franchise was estimated by Forbes to be worth $148 million in 2004.

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