Read: How Much The Rangers Are Worth

Forbes has published their 2012 NHL Team Values and they list the Rangers second with a value of $750 million.

They note that the Rangers revenue last year was $199 million and their operating income was $74 million.

Forbes writes that the Rangers value increased 48% in the past year due to the renovations at MSG which have created more revenue.

The Maple Leafs, the only team worth more than the Rangers, are the first hockey team to reach $1 billion.