The Washington Times - November 28, 2012, 12:49PM

According to Forbes’ annual list of NHL franchise values, the Washington Capitals are worth $250 billion, but they lost $1 million last year.

The Caps were ranked 11th on the 2012 list; their value is up 11 percent from a year ago.

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Still, Forbes said Ted Leonsis’ team lost $1 million, making the Caps the most valuable NHL team not to make a profit.

The Toronto Maple Leafs topped the list as the first NHL team to be worth $1 billion. All but four franchises had their value increase since 2011.

Check out the full list from Forbes here.