Basketball legend Michael Jordan invests in eSports franchise

Michael Jordan is branching out into eSports. (AP)
Updated 26 October 2018

Basketball legend Michael Jordan invests in eSports franchise

  • The next generation of sports fans are eSports fans: Washington Wizards owner

LOS ANGELES: NBA icon Michael Jordan is branching out into eSports, investing in the parent company of Team Liquid, aXiomatic.
Jordan, a six-time NBA champion with the Chicago Bulls and now owner of the league’s Charlotte Hornets, is making his first foray into the burgeoning world of eSports.
He was one of two new investors announced on Thursday by aXiomatic, along with Declaration Capital, the family office of Washington DC-based billionaire David Rubenstein.
According to Forbes the investments were part of a $26 million funding round.
“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,” said Jordan, who joined his fellow Dream Team teammate Magic Johnson as an aXiomatic investor, as is Ted Leonsis, owner of the NBA’s Washington Wizards as well as the NHL’s Stanley Cup champion Washington Capitals.
“The next generation of sports fans are eSports fans,” Leonsis told ESPN in a statement. “ESports is the fastest-growing sector in sports and entertainment, and aXiomatic is at the forefront of that growth.”
In 2016 aXiomatic acquired a majority stake in Team Liquid, one of the oldest and most popular teams in eSports with more than 60 competitive gamers based out of Los Angeles and the Netherlands.
Team Liquid teams compete in a number of eSports titles, including League of Legends, Dota 2 and Counter-Strike.
The NBA is involved with eSports with its NBA 2K League, which involves 21 NBA team affiliates.


Racing in the streets: Jeddah to host first Saudi F1 Grand Prix

Updated 29 October 2020

Racing in the streets: Jeddah to host first Saudi F1 Grand Prix

  • Kingdom’s inaugural race to take place in city while purpose-built track at Qiddiyah is being completed

JEDDAH: Saudi Arabia’s inaugural Formula 1 Grand Prix next year will take place on the city streets of Jeddah.
The Saudi Grand Prix appears on the provisional F1 calendar for 2021 that has been distributed to race teams. It is expected to be the penultimate race of the 2021 season, which will conclude
with the Abu Dhabi Grand Prix at the Yas Marina circuit.
Jeddah will host the Saudi race while a new purpose-built track at Qiddiyah is completed, which is expected to be in 2023.
It is one of 22 races on a provisional 2021 schedule as F1 plans to return to a calendar as close to normal as possible after this year’s disruption. The first 10 races of the 2020 season were either postponed or cancelled because of the coronavirus pandemic.

HIGHLIGHT

The Saudi Grand Prix is one of 22 races on a provisional 2021 schedule as F1 plans to return to a calendar as close to normal as possible after this year’s

The 2021 season will begin in Melbourne, Australia in mid-March and then goes on to Bahrain. It includes nearly all the races that had been due to be held this year.
That means a return for grands prix in China, Japan and Canada, which had to be cancelled because of the disruptions to international travel caused by COVID-19, as well as the debut of the Vietnamese Grand Prix.
F1 has been in conversations with the relevant national governments and all are said to be in agreement the races can take place, unless the pandemic worsens.
In 2018, Riyadh hosted the first Formula E championship in the Middle East in Diriyah with 23,000 in attendance. The second Formula E championship was held in late 2019.
This year, Saudi Arabia held its first Dakar Rally, a 7,800km race that began in Jeddah and finished in Qiddiyah.