Recent board-level discussions between T1’s majority shareholder SK Square and Comcast Spectacor have introduced uncertainty around Joe Marsh’s continued tenure, despite an earlier reported extension through March 2029. The closely balanced 50% implied probability for his departure by year-end stems from shareholder negotiations stalling after his prior term lapsed June 30, compounded by fan protests and scrutiny over exclusive sponsorship deals routed through CAA Singapore. Marsh’s oversight of T1’s LCK dominance, multiple Worlds titles, and return to profitability supports continuity arguments, while unresolved governance and internal sponsorship-management concerns fuel succession talk. Any official replacement announcement or clarified board resolution on the CAA matter could swiftly shift sentiment either direction before December 31.