AnAll-StarGroupOfInvestorsHasBoughtAControllingInterestInTeamLiquid

FantasySports

PostedByJossWoodonSeptember27,2016-LastUpdatedonJanuary22,2018

[toc]Oneofthetopesportsteamsintheworld,TeamLiquid,isnowundernewownership。

Alargegroupofinvestors,withexpertiseinprofessionalsports,mediaandtheinternet,haveboughtacontrollingstakeinthecompany。

Thepreviousowners,SteveArhancetandVictorGoossens,remainasshareholders,andwillcontinueintheirrolesasco-CEOsofTeamLiquidaswellasservingasdirectorsofthenewcompany,aXiomatic。

PeterGuberandTedLeonsiswillserveasco-executivechairmenofaXiomatic,andBruceSteinwilltakeontheroleofCEO。

aXiomaticbringsenormoussportsmanagementtalenttoTeamLiquid

GuberisthechairmanandCEOofMandalayEntertainmentGroup,chairman/ownerofMandalaySportsMedia,andtheco-owneroftheGoldenStateWarriors(NBA),LosAngelesDodgers(MLB)andLosAngelesFootballClub(MLS)。

Leonsisisthefounder,chairman,andmajorityownerofMonumentalSportsEntertainment,whichownstheWashingtonCapitals(NHL),WashingtonWizards(NBA),WashingtonMystics(WNBA),WashingtonValor(Arenafootball)andtheVerizonCenter(downtownD。

C。

)。

Heisalsoanexperiencedfinancier,co-founderofRevolutionGrowthwhichhasover$1billionoffundsundermanagement。

AsaninvestorthroughRevolution,LeonsisservesontheboardofdirectorsofSportRadar,amongothers,andisadirectorofAmericanExpressandGroupon。

Gubercommented:

ThekeytoourfuturesuccesswillbetobringtheresourcesandresourcefulnessofourownershipgrouptoVictor,Steveandtheteamtheybuilt。

Ted,myselfandtheindividualsthatcompriseourownershipgrouphaveanenormouswealthofexperienceandtalentsacrossvirtuallyeverymajormediaandsportsbusinesscategory。

TeamLiquidhasaglobal?

esportspresence

TeamLiquidisoneofthemostwell-knownbrandsinesports,witharosterofover50playerssplitbetweentenseparateteams。

Theteamscompeteinthehighestprofilecompetitionsingamessuchas?

StarCraft2,LeagueofLegends,Dota2,Hearthstone,CS:GO,HeroesoftheStorm,Overwatch,Halo,StreetFighter,andSSBM。

VictorGoossensexpressedhisdelightatthenewtrajectoryTeamLiquidisnowon:

WatchingTeamLiquidgrowfromacommunitysiteintooneofthebiggestesportsteamsintheworldhasbeennothingbutajoyforme,andthisisjustthenextstepinourgrowth。

Iamproudwesharethesamevisionasthisownershipgroupfortheteamandforesportsasawhole,andIknowthatwewillworkwelltogether。

TeamLiquidcanexpectmassivesupportfromnewowners

Thepresenceofsomanyhighprofileinvestorsbringsmorethanjustmoneytothetable。

BasketballplayerMagicJohnsonandlifestrategistTonyRobbinsbringacelebrityinterest,whileinvestorslike?

AOLfounderSteveCasebringtheexperienceofrunningabilliondollarbusiness。

Manyoftheinvestorsknowhowtomakethemostofasportsteamintermsofsponsorshipandmerchandising,andunderstandhowtobuildaninternationalfanbase。

ItwillbeinterestingtoseehowTeamLiquidwilldevelopcomparedwithTeamDignitas,whichhasjustbeenacquiredbythePhiladelphia76ers。

Whichownershipmodelwillworkbestforanesportsteam?

Thetightfocusofanestablishedsportsteamlikethe76ers,orthebroadbaseofexperienceprovidedbyTeamLiquid’sinvestors?

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TeamLiquid’snewinvestors

MonumentalSportsEntertainmentOneofthelargestsportsandentertainmentcompaniesinthecountry,MonumentalownsandoperatesprofessionalsportsteamssuchastheNHLsWashingtonCapitals,NBAsWashingtonWizards,WNBAsWashingtonMysticsandtheAFLsWashingtonValor。

MagicJohnsonHallofFamebasketballplayerandserialentrepreneur。

SteveCaseChairmanCEORevolution,co-founderofAOL。

DonnDavisCo-founderofRevolutionandmanagingpartnerofRevolutionGrowth。

DickGloverRepresentingMandalaySportsMediaandits?

currentpresidentandCEO,formerEVPofESPN,formerCEOFunnyorDie。

TonyRobbinsEntrepreneur,philanthropist,andlifeand?

businessstrategist。

NextVRIndustry-leadingVRcompanyspecializinginliveVRsportingeventsforFOXSports,NBCSports,HBO/GoldenBoy,etc。

AlanShapiroCEOofDickClarkproductions。

MikeMahanPresidentofDickClarkProductions。

LonRosenEVP,chiefmarketingofficeroftheLosAngelesDodgers。

TuckerKainCFO,LosAngelesDodgersandmanagingdirector,GuggenheimBaseball。

RickWeltsPresident,COOoftheGoldenStateWarriors。

BrandonSchneiderSVPBusinessDevelopmentoftheGoldenStateWarriors。

KirkLacobAssistantgeneralmanageratGoldenStateWarriors,Co-founderofimoji。

HarryTsaoGeneralpartnerofJuvoCapital,Co-founderofJuvo+。

PaulSchaefferVicechairman,COOoftheMandalayEntertainmentGroup。

JasonSugarmanFounder,chairman,CEOofValorGroupHoldings。

BlakeByersGeneralpartnerofGoogleVentures(GV)。

ChadByersCo-founderandgeneralpartnerofSusaVentures。

MarkScherFounder,principalofScherInvestmentGroup。

JordanRambisVPdevelopmentIDW,tech/esportsconsultant。

FredSchaufeldManagingdirectorSWaNLegendVenturePartners。

ZacharyLeonsisVPandgeneralmanagerofMonumentalSportsNetwork。

EricLefkofskyCo-founderofGroupon,Innerworkings,Echo,UptakeTechnologiesandLightbank。

BradKeywellCo-founderofGroupon,co-founderandmanagingpartnerofLightbank,CEOofUptakeTechnologies。