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Now 'League of Legends' star Faker is a part-owner of his esports team

Lee "Faker" Sang-hyeok has been an esports superstar and key member of the T1 League of Legends team since 2013, and a new three-year contract with the squad adds "part owner" to his title. As first reported by ESPN, while the talented mid laner has said he received "blank check" offers from teams outside of South Korea, the 23-year-old will remain with the only pro team he's ever known.

The three year deal is the longest contract allowed under League maker Riot's rules, and according to T1, "Faker will assume a leadership role within the organization after his playing career and will help facilitate global operations." CEO Joe Marsh said in the accompanying statement that "Since T1's inception, Faker has been the cornerstone of our team's success and his undying passion for this organization 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 mold the next generation of elite esports athletes."

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