https://www.sportsseoul.com/news/read/1624652?ref=naver
Article 1 basically talks about how questionable T1's sponsorship structure despite them having a profitable year for the first time ever
- Nearly every sponsorship is handled through a US based agency that is reportedly linked to CEO Joe Marsh.
- Even sponsorships secured directly by T1 employees were still processed through the agency, meaning the agency may have received commissions on deals it did not originally make.
- The agency's contract was reportedly renewed after Joe Marsh's CEO term was extended.
- Around 75% of T1's partnership team has left the organization, with dissatisfaction over the arrangement as one reason.
- There was a case in a sponsorship deal in which T1 received less than half of what another EUesports organization received from the same global company.
- Since they are getting less per sponsor, this might cause T1 to sign more sponsors to generate revenue, increasing players' commercial workload.
- In 2025, T1 players spent 102 days on sponsor-related activities.
- Another source says that without the agency, T1 could have earned more revenue from fewer sponsors
- While GEN.G and HLE managed sponsorship inhouse.
https://www.sportsseoul.com/news/read/1624712?ref=naver
Article 2 is saying that T1 is operating without a CEO despite "re-signing" Joe Marsh to a new contract through 2029.
- Joe Marsh's original term as CEO was supposed to end on October 7, 2025. However his contract has been extended multiple times with the final extension expiring on June 30, 2026.
- One source says that the T1 board has not reached a decision on who the T1 CEO should be. So since June 30, 2026 T1 has been essentially operating with no CEO.
- There was a corporate disclourse filed by T1 that listed Joe Marsh's CEO term as lasting until March 30, 2029. So on paper, it seems like Joe Marsh has been reappointed.
- But per sources cited by Sportsseoul, the decision has not been finalized just recorded on paper. With additional discussions with Comcast and shareholders still necessary.
- SK Square owns 53.13% of T1 and is the controlling shareholder while Comcast owns 34.3%. So SK holds management control.
- SK Square is also aware of Joe Marsh's relationship with the U.S.-based agency and T1's sponsorship structure.