Jeff Vinik has a new investment partner with a big name. Michael Jordan bought into aXiomatic, the esports ownership group Vinik co-chairs.
Vinik, who owns the Lightning and has embarked on numerous real estate projects in downtown Tampa, joined aXiomatic in June 2017. The group was co-founded by Ted Leonisis, CEO and majority owner of Monumental Sports & Entertainment, which owns and operates the Washington Capitals, Wizards and Mystic as well as the Capital One Arena. Golden State Warriors co-owner Peter Guber is also a co-chair.
"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.
Declaration Capital, the family office of financier David M. Rubenstein, also joined the ownership group.
"The next generation of sports fans are esports fans," said Leonsis in a statement. "Esports is the fastest-growing sector in sports and entertainment, and aXiomatic is at the forefront of that growth. We are thrilled to welcome Michael and Declaration Capital to aXiomatic and look forward to working together on some truly cutting-edge opportunities."
aXiomatic is the majority owner of Team Liquid, which Forbes ranked the third most valuable esports team.