Michael Jordan Enters Esports Industry With Investment in Team Liquid’s Parent Company

NBA legend and Charlotte Hornets owner Michael Jordan became the most recent high profile backers in esports as one of two new investors in a $26 million Series C funding round by aXiomatic, the parent company of one of esports' most valuable teams, Team Liquid. Jordan and billionaire investor David Rubenstein were the new names to join aXiomatic's star-studded list of investors. The rest of the capital raised came from additional investments from existing co-executive chairmen of the company — Golden State Warriors' co-owner Peter Guber, Oaktree Capital Management cofounder Bruce Karsh, Tampa Bay Lightning owner Jeff Vinik and Washington Capitals owner Ted Leonsis.