T1’s ownership split between majority stakeholder SK Square and Comcast Spectacor has created prolonged uncertainty around CEO succession, with Joe Marsh’s formal term extended through 2029 in board filings yet repeatedly rolled over on short extensions amid stalled negotiations that left the role effectively vacant after June 30. Recent scrutiny over exclusive sponsorship routing through a CAA-linked agency fueled fan protests and board-level discussions of a leadership change by late August, even as Marsh continued directing operations during a period of sustained profitability and roster stability across League of Legends and other titles. These competing signals—formal reappointment versus active ownership friction and governance concerns—have kept the implied probability of an exit by year-end near even. A decisive board vote on a successor or public resolution of the agency arrangement could shift sentiment quickly, while continued on-field results and revenue growth under the current leadership would reinforce retention.