report issued by "Forbes Magazine" finds the Red Wings are the sixth most valuable franchise in the N-H-L with the value of the Mike Ilitch owned club put at approximately 346-million-dollars.

The highest ranked team on the list is the Toronto Maple Leafs with an estimated value of one-billion dollars. The NHL players’ lockout today enters its 75^th day.  The two sides met with a federal mediator Wednesday for six hours and plan another session for today.