Faker signs new League of Legends deal and becomes a co-owner of T1 | The Loadout

Faker signs new League of Legends deal and becomes a co-owner of T1

Faker

Iconic League of Legends mid-laner Lee ‘Faker’ Sang-hyeok will remain with T1 for the foreseeable future after signing a blockbuster three-year contract extension. The three-year deal is the maximum that the game’s publisher, Riot Games, allows.

As part of the deal, Faker has become a part-owner of T1 Entertainment & Sports, the company co-owned by the South Korean telecommunication company and American telecommunications company Comcast. And in addition to that, Faker will take up a leadership role within the company once he eventually decides to retire from playing professionally.

In said role, Faker will assist in the global operations of the organisation which means he will work in esports titles other than LoL for the first time in his career.  T1 currently has teams and players competing in Fortnite, Hearthstone, Apex Legends, Smash Bros. and more. It’s a proposition that greatly excites the 23-year-old though he has no intention of stepping away from Summoner’s Rift just yet.

“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,” says Faker in T1’s official press release.

“I am honoured 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 mould the future of this organization.”

Faker is not the first player to become a part-owner of their organisation as part of a new contract. Last October, Danish mid-laner Søren ‘Bjergsen’ Bjerg acquired a stake in North American organisation Team SoloMid after signing through to 2021.

Three-time world champion Faker is largely considered the greatest LoL player of all time but despite strong interest from around the globe, he has spent his entire career with T1, formerly known as SK Telecom T1. Unsurprisingly, the organisation’s CEO, Joe Marsh, is delighted to have secured Faker’s services:

“Since T1’s inception, Faker has been the cornerstone of our team’s success and his undying passion for this organisation 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 mould the next generation of elite esports athletes.”