**T1’s board-level discussions over CEO succession amid a sponsorship agency controversy represent the dominant factor shaping trader sentiment on Joe Marsh’s tenure.** Reports from late August indicate the organization’s major shareholders are evaluating replacements following scrutiny of an exclusive deal with CAA Singapore, with attention on Marsh’s prior professional ties at Comcast Spectacor. This has fueled visible fan protests, including protest trucks outside T1’s Seoul headquarters calling for “Marsh Out,” alongside internal reports of partner-team staff turnover. Earlier contract extensions—to March 2029—had been finalized in spring 2026 after T1 achieved operating profitability and competitive stability across League of Legends and other titles. However, the term lapsed without formal renewal by June 30, creating a de facto vacancy status that the August governance issues have amplified. While T1 continues postseason play in the LCK with roster adjustments involving players like Peyz and Oner, the CEO market reflects uncertainty around leadership continuity rather than on-field results. The 61.5% implied probability for departure by year-end captures the market’s weighting of unresolved board deliberations and external pressure against the lack of any official exit announcement.