T1The power of world-renowned Esports led by the legend of the League of Legends Faker (Lee Sang-Hyeok), is at the center of a large leap. With its two main-SK Square and Comcast-Vicino stakeholders at the end of a mutual first reference agreement, the sources of the sector confirm that Negotiations are officially in progress. The result could see Comcast to take control of the majority of the famous organization.
Founded in 2019 as a joint venture between SK Telecom and Comcast, T1 Since then he has evolved into a global brand. Following the company renovation of SK Telecom in 2021, SK Square emerged as a majority shareholder with a participation of 55.4%, while Comcast holds 34.3%. Sources say comcast is now positioned exercise the right to purchase SK Square’s actions – A move that would move the balance of power.
The biggest question in negotiations? Assessment. In 2022, Forbes was anchored T1Value to 290 billion KRW (about 207.5 million dollars). But with an explosive revenue growth – reaching KRW 50.9 billion (about 36.5 million dollars) in 2024, almost four times his earnings from 2020 – analysts believe T1The value could now be as high as 500 billion krw (about 358 million dollars). This puts the value of the share of Sk Square at about 277 billion KRW (about 198.2 million dollars), if an agreement was reached at the time of the peak evaluation.
However, T1Fight with profitability Complicate the price. The team has I have never published a net annual profitlargely due to the operating costs, including the maintenance of a high -level list. Only in 2024, the KRW 24.7 billion was spent on operations, with the salary of Faker estimated a Over 7 billion KRW. Consequently, the company The debt-shareholder ratio rises to 2.126%raise concerns about financial sustainability.
However, stabilization signs emerged. T1‘S Net loss has decreased by over 50%from KRW 13 billion in 2023 TO KRW 6.3 billion in 2024. With international revenues tripled in Asia (excluding North America) and doubled in Europe, the brand has shown its own Global appeal – making it an attractive acquisition for a media giant such as Comcast, Nbuniversal’s parent company.
T1The appeal is not only financial. In November 2024, the team claimed its title of the Fifth League of Legends World Championship in London. The historic victory characterized a list of stars: Zeus, Oste, Faker, Gumayusi, Keria and Rekkles-Consolidated further T1Legendary state in the history of Esport.
With Sk Square that fill his investment portfolio, the decision is now based on how both parties evaluate T1strategic potential. The fact that Comcast emerges how the new owner of the majority will be closely, not only by investors, but by fans around the world.
Nate
