SK Square and Comcast Spectacor, T1’s two largest shareholders, held a board meeting to discuss the possible replacement of CEO Joe Marsh. The controversy centers on an exclusive sponsorship agency agreement that charges commissions of 10-15% even on deals sourced by T1’s internal team. Roughly 75% of the partnerships team members have reportedly left the organization. Despite exceptional sporting results, including a first-ever operating profit and a fourth League of Legends World Championship in 2023, Marsh’s contract running until June 30, 2026 has not prevented shareholders from exploring a leadership transition.
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