Michael Jordan Enters Esports, Invests In Team's Liquid Parent Company



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Charlotte Hornets owner Michael Jordan applauds his team against the Orlando Magic in the second half of an NBA basketball game in Charlotte, N.C., Friday, March 10, 2017. The Hornets won 121-81. (AP Photo / Chuck Burton)

Esports is reuniting the Dream Team.

Team Liquid's parent company, aXiomatic, announced Thursday it raised $ 26 million in a Series C funding round. Michael Jordan and David Rubenstein 's family office, Declaration Capital.

The rest of the fund is made up of the capital of existing investors, and a co-executive chairmenGolden State Warriors' co-owner Peter Guber, Oaktree Capital Management cofounder Bruce Karsh, Washington Capitals owner Ted Leonsis and Tampa Bay Lightning owner Jeff Vinik.

David Rubenstein is the co-founder and executive co-chairman of the private equity firm Carlyle Group. Rubenstein, with a net worth of $ 2.8 billion, is investing in aXiomatic through its family office, Declaration Capital.

Jordan is considered by many the greatest NBA player of all time, winning six championships in his career. With brand deals with Nike, Hanes and Gatorade and his majority stake in the Charlotte Hornetsa franchise worth $ 1.05 trillionMichael Jordan has a net worth of $ 1.7 trillion. This is Jordan's first investment in the industry, and he joins his 1992 Olympic teammate Magic Johnson as a co-owner in aXiomatic.

"Probably no other franchise has the championship pedigree Michael and with Magic," said Ted Leonsis, whose own Washington Capitals earned his first Stanley Cup victory earlier this year. He notes he's a championship ring for both the Capitals' victory and Team Liquid's Dota 2 championship at The International 2017, which netted the team $ 11 million in prize money.

Team Liquid's Yiliang "Doublelift" Peng.Credit: Riot Games

Team Liquid is led by Steve Arhancet and Victor Goossens. The co-CEOs Ted Leonsis calls Lennon and McCartney have made a great show of accomplishment since the year 2016. Along with the Dota 2 title in 2017, the team opened a ground-breaking 9,000 square-foot training facility at the start of the year and its League of Legends Team won its first North American championship this spring and followed by a win in the summer. Forbes $ 200 million – the third highest among teams.

For Liquid, aXiomatic will use the capital to continue investing in infrastructure, training and further player acquisitions. The group also owns smaller companies in the space that they will continue to build, including analytics site Mobalytics, local tournament organizer Super League Gaming and Gamer Sensei training platform.

As the majority owner and CEO of Monumental Sports, Leonsis points out the live arena possibilities for esports throughout the DC metro area, such as the 20,000-seat Capital One Arena, the 10,000-seat EagleBank Arena at George Mason University and the new 5,000- Seat WNBA and G League Arena at St. Elizabeth's.

"I think you'll see hope and hope," he said. "I think you'll see a wave of investment and partnerships over the next decade.

aXiomatic's raise is the third major investment in two weeks, with Cloud9 raising $ 50 million in a B Series and Drake becoming a co-owner in 100 Thieves through a Series A round. $ 25 million in Series B funding this spring.

As aXiomatic's CEO and Cofounder Bruce Stein puts it, "It's a culture change."

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Charlotte Hornets owner Michael Jordan applauds his team against the Orlando Magic in the second half of an NBA basketball game in Charlotte, N.C., Friday, March 10, 2017. The Hornets won 121-81. (AP Photo / Chuck Burton)

Esports is reuniting the Dream Team.

Team Liquid's parent company, aXiomatic, announced Thursday it raised $ 26 million in a Series C funding round. Michael Jordan and David Rubenstein 's family office, Declaration Capital.

The rest of the fund is made up of the capital of existing investors, and a co-executive chairmenGolden State Warriors' co-owner Peter Guber, Oaktree Capital Management cofounder Bruce Karsh, Washington Capitals owner Ted Leonsis and Tampa Bay Lightning owner Jeff Vinik.

David Rubenstein is the co-founder and executive co-chairman of the private equity firm Carlyle Group. Rubenstein, with a net worth of $ 2.8 billion, is investing in aXiomatic through its family office, Declaration Capital.

Jordan is considered by many the greatest NBA player of all time, winning six championships in his career. With brand deals with Nike, Hanes and Gatorade and his majority stake in the Charlotte Hornetsa franchise worth $ 1.05 trillionMichael Jordan has a net worth of $ 1.7 trillion. This is Jordan's first investment in the industry, and he joins his 1992 Olympic teammate Magic Johnson as a co-owner in aXiomatic.

"Probably no other franchise has the championship pedigree Michael and with Magic," said Ted Leonsis, whose own Washington Capitals earned his first Stanley Cup victory earlier this year. He notes he's a championship ring for both the Capitals' victory and Team Liquid's Dota 2 championship at The International 2017, which netted the team $ 11 million in prize money.

Team Liquid's Yiliang "Doublelift" Peng.Credit: Riot Games

Team Liquid is led by Steve Arhancet and Victor Goossens. The co-CEOs Ted Leonsis calls Lennon and McCartney have made a great show of accomplishment since the year 2016. Along with the Dota 2 title in 2017, the team opened a ground-breaking 9,000 square-foot training facility at the start of the year and its League of Legends Team won its first North American championship this spring and followed by a win in the summer. Forbes $ 200 million – the third highest among teams.

For Liquid, aXiomatic will use the capital to continue investing in infrastructure, training and further player acquisitions. The group also owns smaller companies in the space that they will continue to build, including analytics site Mobalytics, local tournament organizer Super League Gaming and Gamer Sensei training platform.

As the majority owner and CEO of Monumental Sports, Leonsis points out the live arena possibilities for esports throughout the DC metro area, such as the 20,000-seat Capital One Arena, the 10,000-seat EagleBank Arena at George Mason University and the new 5,000- Seat WNBA and G League Arena at St. Elizabeth's.

"I think you'll see hope and hope," he said. "I think you'll see a wave of investment and partnerships over the next decade.

aXiomatic's raise is the third major investment in two weeks, with Cloud9 raising $ 50 million in a B Series and Drake becoming a co-owner in 100 Thieves through a Series A round. $ 25 million in Series B funding this spring.

As aXiomatic's CEO and Cofounder Bruce Stein puts it, "It's a culture change."

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