T1's ownership structure between majority stakeholder SK Square and Comcast Spectacor has created prolonged board-level deadlock over CEO succession, leaving Joe Marsh in effective limbo despite an earlier-reported extension through 2029. His prior term formally concluded June 30 without resolution, and an August board meeting reportedly shifted focus to evaluating replacements amid scrutiny over exclusive sponsorship routing through CAA Singapore. Fan protests, including protest trucks outside headquarters demanding “Marsh Out,” have amplified internal friction, while staff turnover in the partnerships team has highlighted operational strains. T1’s strong LCK playoff positioning and record-setting Home Ground event underscore Marsh’s commercial track record, yet unresolved governance questions keep the implied probability near even. A formal successor announcement or public extension before year-end would likely swing sentiment sharply, while sustained quiet on the board front or further agency revelations could reinforce the case for change.