Michael Jordan Buys Ownership Stake in Esports Franchise aXiomatic Gaming
After the announcement of Drake and producer Scooter Braun as co-owners of Matthew “Nadeshot” Haag’s eSports organization 100 Thieves, NBA’s GOAT and Charlotte Hornets owner Michael Jordan, will be investing in international eSports ownership group aXiomatic Gaming, Bloomberg reports.
The value of Michael Jordan’s investment was not revealed, but the company said it comes during a $26 million round of Series B funding. The rest of the fund is made up of capital from David Rubenstein’s family office, Declaration Capital, as well as existing investors including aXiomatic’s four co-executive chairmen with Golden State Warriors’ co-owner Peter Guber, Oaktree Capital Management cofounder Bruce Karsh, Washington Capitals owner Ted Leonsis and Tampa Bay Lightning owner Jeff Vinik.
aXiomatic Gaming, which owns Team Liquid, began almost two decades ago in South Korea, thanks to the series of popular StarCraft contests. Team Liquid is regarded as one of the top pro gaming organizations worldwide, and according to Forbes, it’s the third-most valuable eSports team worth at $200 million.
For the full story, head on over to Bloomberg.
Up next, you won’t believe how much eSports players are earning.
