The Washington Capitals are valued at $1.86 billion, marking a 31-percent increase from last year and securing their ninth rank in the NHL for three consecutive seasons.
Owner Ted Leonsis purchased the Capitals for $85 million in 1999, which reflects an astounding increase in value of $1.775 billion under his leadership.
For the first time in NHL history, all 32 franchises are valued over $1 billion, demonstrating significant growth in the league's overall financial landscape.
While the Capitals are poised for renovations at Capital One Arena, they face challenges ahead, particularly with the potential departure of superstar Alex Ovechkin.
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