T1’s board-level discussions over a potential CEO succession, triggered by the August CAA Singapore sponsorship controversy and fan protests outside Seoul headquarters, have created a near-even split in trader sentiment around Joe Marsh’s departure by year-end. SK Square and Comcast Spectacor, the joint owners, have reportedly exchanged candidate lists amid scrutiny of agency ties dating to Marsh’s Comcast Spectacor tenure, while his prior term extension through 2029 and the organization’s profitable 2025 results provide counterbalancing stability. Prolonged shareholder negotiations, a de facto leadership vacuum since June, and unresolved internal partner-team turnover keep the implied probability tightly balanced near 50 percent. An official board vote on a successor or clearance of the agency probe before December 31 could shift odds decisively, whereas sustained impasse or performance rebounds in LCK competition might reinforce continuity.