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

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dims?quality=85&image_uri=https%3A%2F%2F Lee Sang-hyeok aka FAKER of South Korea looks during Asian Games Esports Demonstration Event League of Legends Group A match between China and South Korea on day nine of the Asian Games on August 27, 2018 in Jakarta, Indonesia. Yifan Ding via Getty Images

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 CEO Joe Marsh, "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."

Faker has won three League of Legends championships with T1, and now with a contract running through 2022 they can try to avenge last year's result, a loss in the semifinals to G2 Esports. The T1 team is currently ranked third in ESPN's League of Legends power rankings.

Team equity is a rare get in negotiations, but as a part-owner Faker has a piece of the business along with sponsor SK Telecom and Comcast. Last year, T1 announced Nike as a new sponsor, and began working with the athletic company to improve esports training.

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Source: T1

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