Magic Johnson And Others Join Forces To Purchase Team Liquid

The co-CEOs of Team Liquid, Steve Arhancet and Victor Goossens, will stay within their current roles in the franchise. They will also become directors.

Controlling interest was sold to a large investor group apart of aXiomatic. Among the group including Johnson is co-owner of the Washington Wizards and Capitals, Ted Leonsis, and Golden State Warriors co-owner, Peter Guber.

Leonsis commented on this as a business opportunity for possible growth for all parties involved.

Magic joins the likes of Rick Fox and Jonas Jerebko as NBA figures that have ventured into the growing business of eSports.