From player to shareholder: Faker signs new contract with T1

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Madrid, Spain - October 27: --- during Worlds 2019 Quarterfinals at Palacio Vistalegre on October 26, 2019 in Madrid, Spain. (Photo by Michal Konkol/Riot Games)

League of Legends superstar Lee “Faker” Sang-hyeok has signed a three-year contract at T1. The LoL superstar will not only be a player in the future, but also a shareholder of the T1 Entertainment organization.

The best League of Legends player in the world, Lee “Faker” Sang-hyeok has signed a new employment contract with T1 Entertainment, the organization announced on Tuesday. For the next three years, Faker will play for the South Korean telecommunications company. LoL publisher Riot will not allow longer contracts.

Faker has already won the World Championship in League of Legends three times with T1 and is record world champion with Bae “Bengi” Seong-woong. Faker has never played for another team in his professional career.

The 23-year-old Korean is the first Esportler to be inducted into the Esport Hall of Fame during his active career. According to Liquipedia, Faker has won prize money of 1.25 million dollars. In addition, Faker receives a salary from T1, the amount of which is not known.

According to ESPN, Faker has already been wooed by other teams from Germany and abroad with blank cheques. Nevertheless, Faker decided to stay with SK Telecom T1. Now that he is also a shareholder in the organization with his new contract, a change to another team is becoming increasingly unlikely.

On Twitter, Faker stated that he is looking forward to continue playing for T1 in the future. In addition, he is looking forward to taking on leadership roles and helping shape the future of the organization in addition to his gaming career.

Just recently, T1 Entertainment announced a partnership with sporting goods manufacturer Nike to provide new training facilities and programs to improve physical and mental strength.