How Much Are the Red Wings Worth

The Detroit Red Wings are worth approximately $2.1 to $2.47 billion today, making them one of the NHL's top 10 most valuable franchises. That's pretty stunning growth compared to just four years ago. In 2021, the team's value sat around $1.025 billion. How much are the Red Wings worth now? Nearly double that figure (honestly, it's kind of impressive). This dramatic jump matters for hockey fans because it shows Detroit's franchise is financially healthy and positioned for long-term sucess both on and off the ice.

How the Red Wings' value nearly doubled in four years

Two major factors drove this explosive growth. First, the team's on-ice performance improved significantly. The 2024-25 season brought a 41-32-9 record, narrowly missing the playoffs but showing real progress. Second, the entire NHL experienced a revenue boom from massive media rights deals. Canada's new 12-year broadcasting contract is worth $7.79 billion starting in 2026-27. US media deals are expected to double in value soon. The Ilitch family's steady investment kept the Red Wings competitive throughout this period, which helped maintain fan interest and brand value.

Where Detroit ranks among NHL teams and what it means

According to Sportico data, Detroit ranks 10th in NHL valuations at $2.11 billion. Other Original Six teams sit higher on the list. Toronto leads at $4.25 billion. The Rangers value $3.65 billion. Montreal comes in at $3.3 billion. Boston reaches $3 billion. Detroit trails these historic franchises but still maintains strong financial footing.

What do these numbers mean for fans? A high valuation indicates franchise stability and investment capacity.Teams worth over $2 billion have resources to develop young talent,build competitive rosters,and maintain modern facilities.Detroit's position suggests the organization can fund improvements for years to come.

If the Red Wings continue improving their record and attracting playoff crowds, their valuation could climb further. Young players developing into stars would accelerate that growth. Media rights revenue keeps climbing across professional hockey, which lifts all boats in the league. Detroit's recent progress positions the franchise perfectly to capture their share of that expanding pie.