Michael Jordan Invests in the Parent Company of TeamLiquid

TLO on TeamLiquid (Denis Dervisevic / Flickr)

Six-time NBA champion Michael Jordan has reportedly made his first major investment in the esports industry, leading a $26 million financing round for aXiomatic, owner of TeamLiquid, which is considered to be the second most valuable team in the industry.

According to the announcement, Jordan joins Declaration Capital, the family office investing the personal wealth of David Rubenstein, the billionaire private equity investor who hosts his own peer-to-peer conversation show on Bloomberg.

“I’m excited to expand my sports equity portfolio through my investment in aXiomatic. Esports is a fast-growing, international industry and I‚Äôm glad to partner with this great group of investors,” said Jordan.

With the injection of capital, aXiomatic will now look to further expand its footprint in the esports industry, with a particular focus on TeamLiquid’s gaming and media brand.

This news comes just a week after rap music legend Drake reportedly purchased a stake in 100 Thieves, a Los Angeles-based lifestyle, apparel and esports company.

More: Esports Ownership Group aXiomatic Secures Investments from Michael Jordan and Declaration Capital
Photo: Denis Dervisevic / Flickr
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