Tuesday, 18 February 2020 | 19:19 WIB

Michael Jordan invests IDR395 billion into aXiomatic Gaming

Michael Jordan

JAKARTA, NNC - Basketball star Michael Jordan became the latest sports legend to invest in esports, following the previous footsteps of NBA stars Rick Fox and Shaquille O'Neal.

Jordan became a major investor by investing around $26 million (around IDR 395.7 billion) into aXiomatic Gaming, the parent company of professional esports franchise Team Liquid.

“I'm excited to expand my sports equity portfolio through my investment in aXiomatic. Esports is a fast-growing, international industry and I'm glad to partner with this great group of investors," Jordan said in a statement quoting gamesindustry.

Established in 2015, aXiomatic Gaming acquired a controlling stake in Team Liquid the next year. Team Liquid was formed in 2000 and is now worth $200 million (around IDR 3.04 trillion) according to the latest Forbes valuation.

This would make the esports franchise the third most valuable in the world, behind Cloud9 worth $310 million (around IDR 4.71 trillion) and Team SoloMid worth $250 million (around IDR 3.80 trillion).

The aXiomatic leadership team is comprised by veterans from the traditional sports world, including the NBA, National Hockey League, Major League Baseball, and Major League Soccer.

aXiomatic was also part of the Walt Disney's 2017 acceleration program invested in 11 media and technology companies. In addition, aXiomatic has invested in esports coachin platform dubbed Gamer Sensei and local tournament organizer, Super League Gaming--citing Antara.