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Magic Johnson now an investing co-owner of Team Liquid, other Sports Personalities also invest in Esports

Magic Johnson now an investing co-owner of Team Liquid, other Sports Personalities also invest in Esports

by Louis Daniel AndresSeptember 28, 2016
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Looks like Shaq isn’t the only big Sports personality in Esports.

More and more sports personalities, particularly in the area of basketball, are venturing into Esports as Team Liquid recently reveals that they have finalized a strategic partnership with some of NBA’s big names like Golden State Warriors co-owner Peter Guber, Washington Wizards majority owner Ted Leonsis and NBA Hall of Famer Magic Johnson. This after a recent announcement regarding the acquisition of Esports organizations Dignitas and Apex by long time NBA franchise Philadelphia 76ers.

The strategic deal will have Team Liquid grant a controlling share to a group called aXiomatic Esports which  is lead by Guber and Leonsis, and Johnson being one of the co-owning investors. While Team Liquid will still be able to retain their current CEOs, Steve Arhancet and Victor Goossens, both Guber and Leonsis will serve as the organization’s co-chairmen while aXiomatic will now former Sony Interactive head Bruce Stein as their CEO.

TLTI6

Team Liquid Dota 2 at the The International 2016, part of the team’s major achievements include ending 7th-8th place at TI6, and the 2nd place finish at the Manila Major.

Apart from co-owning an NBA franchise, Peter Guber is also the chairman of Mandalay Entertainment which owns minor-league baseball teams through its Mandalay Sports Entertainment arm, while Ted Leonsis also holds major stakes in other sports franchises such as the NHL and the WNBA.

Team Liquid is one of the long running and well recognized multiregional Electronic Sports organization founded back in 2000 and initially served as a hub for professional StarCraft before expanding into Dota 2 by 2012 and then venturing into other Esports titles such as League of Legends and Counter Strike Global Offensive.

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About The Author
Profile photo of Louis Daniel Andres
Louis Daniel Andres
Gaming know it all, dresses like a thug at conventions, loves to spam Spiritbreaker in Dota 2, and only owns video games because of free keys and game codes.

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