T1 board discusses CEO change amid sponsorship agency scrutiny

T1, one of the most decorated esports organizations on the planet, is dealing with a boardroom drama that feels increasingly at odds with its on-stage dominance. The organization’s two largest shareholders, SK Square and Comcast Spectacor, recently convened a board meeting to discuss the possibility of replacing CEO Joe Marsh and to scrutinize a sponsorship agency arrangement that has become a lightning rod for internal discontent. The meeting, first reported by Sports Seoul on August 25, covered several pressing issues facing the League of Legends powerhouse, including its future management direction and the appointment of the next CEO. Marsh’s current contract runs through June 30, 2026, following multiple extensions, but that hasn’t stopped the shareholders from openly exploring succession planning. The sponsorship deal at the center of it all The core tension revolves around T1’s exclusive sponsorship agency agreement with an external firm referred to in Korean media as “Agency A.” The arrangement reportedly funnels all of T1’s sponsorship deals through this single agency, which charges commissions of 10-15% on each deal. The part that has raised eyebrows: the agency reportedly...