The Edmonton Oilers make a surprising list

They joined the NHL seven years later as part of the WHA-NHL merger and went on to become a legendary franchise, with iconic players like Wayne Gretzky, Mark Messier, Jarri Kurri, and others leading them to win five Stanley Cups.

Currently valued at $1.29 billion, the Oilers sit just below the Montreal Canadiens as one of the most valuable Canadian sports franchises.

With superstars like Leon Draisaitl and Connor McDavid, and being one of the two teams in Alberta that are regularly competitive, the team is expected to continue to increase in value over time.