Michael Erin is the manager of global initiatives for the Las Vegas Global Economic Alliance, where he helps promote economic development in Southern Nevada. Outside his professional life, Michael Erin is a fan of the Chicago Cubs.
A recent valuation by Forbes shows that the Chicago Cubs franchise has increased by 22 percent in overall value from last year, making it the fifth most valuable team in professional baseball.
In total, the Cubs boast a value of $2.2 billion. The club increased its revenue by 12 percent from the previous year, up to $340 million total. Beyond the revenue increase, the team adds to its worth from rights fees and the value of its brand. The Cubs’ sizable jump in value represents the best such performance of any baseball franchise in history.
In more good news, the Cubs are also a World Series favorite this year after adding key free agents in the off-season.
Michael Erin currently serves as the global initiatives manager for the Las Vegas Global Economic Alliance.