Faker to Become Part Owner of T1 Entertainment & Sports
Deal Includes New Three-Year Player Contract Through 2022
SEOUL (February 18, 2020) – T1 Entertainment & Sports (T1) today announced that legendary professional esports athlete Lee "Faker" Sang-hyeok will be part owner of the global esports organization. The deal is one of the first of its kind in esports history and includes a new three-year player contract with T1 effective through the 2022 season.
T1 also announced that Faker will assume a leadership role within the organization after his playing career and will help facilitate global operations. This move ensures that Faker will continue to be a key player in the esports industry after his professional player career comes to an end.
"I am excited to continue playing for T1 and am thankful for all the fans around the world who have supported me all these years," said Faker. "I am honored to become a part owner of T1 and look forward to working with the leadership team beyond my playing career. I love this team and am proud to help mold the future of this organization."
"T1 is thrilled to have Faker on its roster for the next three seasons," said Joe Marsh, CEO of T1. "Since T1's inception, Faker has been the cornerstone of our team's success and his undying passion for this organization will continue to drive us forward now that he is a part owner of T1 Entertainment & Sports. Even after Faker's retirement – whenever that may be – he will begin the next chapter of his legacy in a leadership role with T1, helping to mold the next generation of elite esports athletes."
Established in 2004, T1 is recognized as one of the most successful organizations in the history of esports. The T1 League of Legends team was founded in 2012 and Faker joined the team in 2013 as the star mid laner. He is renowned for winning three World Championships (2013, 2015, 2016), two Mid-Season Invitationals, and eight LCK titles with T1, making it the most celebrated esports team in the world. Faker is one of only two esports athletes to have won the League of Legends World Championship three times and is the first and only player to have won all of the League of Legends international tournaments organized by Riot Games: Mid-Season Invitational, World Championship, Rift Rivals and All-Star.
Faker was named to Forbes 30 Under 30 Asia – Entertainment & Sports 2019 list, won the 2018 David Yan Award for Most Beloved Gamer, and was named the 2017 Best Esports Player at The Game Awards. Faker is widely regarded as the most iconic player of all time and has helped the T1 LoL team acquire one of the largest, most influential fan bases in all of esports.