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- Team Liquid has named John Patterson to the position of Chief Financial Officer (CFO).
- Duties will include the oversight of “new tools and procedures” to aid growth and manage Team Liquid revenue streams.
- Patterson’s experience spans over 15 years, including various roles at PricewaterhouseCoopers, Live Nation, and All Def Digital.
Team Liquid announced the appointment of John Patterson as the organization’s Chief Financial Officer. While this will be Patterson’s first foray into esports, he brings over 15 years of financial experience to the role and specializes in building infrastructure in emerging markets, Team Liquid said in a release.
As CFO, Patterson will oversee the “evolution of Team Liquid’s revenue structure into a new stage,” including the development of new tools and procedures that will serve as a “foundation for growth,” while managing the organization’s many revenue streams.
In a Team Liquid blog post, Patterson explained his intensions in more detail.
“Right now, [Team Liquid] relies on outside investment,” Patterson wrote. “We want to build a company that is self-sufficient. Over the next couple of years, I want to help support Victor and Steve in terms of bringing in new revenue opportunities and growing the revenue base at Team Liquid.”
Before joining Team Liquid, Patterson served as CFO for user-generated video licensing and syndication company Jukin Media. Other roles included CFO of All Def Digital, Executive Director of Finance for Live Nation’s Merchandise division, and senior associate at PricewaterhouseCoopers.
Patterson joins the organization during a key time of team transitions and international expansion. In June, Team Liquid partnered with HUYA to stream content in China. Team Liquid signed a strategic partnership agreement with Newzoo in August that is designed to improve market insights.
Netherlands-based Team Liquid was founded in 2000 as a Battle.net clan and Starcraft community site before its acquisition by aXiomatic Gaming in 2016. Team Liquid has a franchised slot in the League of Legends Championship Series (LCS) and competes in a myriad of other games including but not limited to Counter-Strike: Global Offensive, Hearthstone, Fortnite, and Super Smash Bros.
Parent company aXiomatic has received a steady flow of funding over the past year including $21.5M USD in April 2019, a $26M funding round in October 2018 that included investment from NBA legend Michael Jordan, and a $25M Series B funding round in April 2018.
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