The Netherlands-based pro gaming organization started as a clan on Blizzard's Battle.net gaming network in 2000, but today, it's a powerhouse with 50 players across 10 teams for League of Legends, Dota 2, StarCraft 2, CS: GO, and others. Current Team Liquid co-CEOs Steve Arhancet and Victor Goossens will keep those positions, and both assured in a blog post that their roles are even more secure now that they are not sole owners.

The ownership group, aXiomatic, is composed of a slew of entertainment and sports executives. These include Mandalay Entertainment CEO Peter Guber, who is co-owner of the Golden State Warriors and Los Angeles Dodgers, as well as Magic Johnson, AOL co-founder Steve Case and entrepreneur Tony Robbins. They hope to build Team Liquid into a major sports entertainment franchise, according to Deadline.