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T1
T1, originally known as SK Telecom T1, was founded in 2012 as a South Korean esports organization backed by telecommunications giant SK Telecom, and the team quickly became closely associated with legendary League of Legends player Lee "Faker" Sang-hyeok, widely regarded as one of the greatest players in the game's history. T1 won the League of Legends World Championship multiple times across the 2010s and into the 2020s, and the organization's sustained dominance made it one of the most consistently successful teams in the entire history of competitive League of Legends specifically. The organization rebranded from SK Telecom T1 to simply T1 in 2019 following a major investment from Comcast Spectacor, the parent company of the Philadelphia Flyers NHL franchise, reflecting the same kind of traditional sports crossover investment seen elsewhere in top-tier esports. T1's combination of its sustained multi-championship League of Legends dominance and its close association with legendary player Faker has made it one of the most historically significant esports organizations in the world.
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TSM
TSM, originally founded in 2009 as Team SoloMid by Andy "Reginald" Dinh, began as a League of Legends-focused organization built around Dinh's own competitive playing career before he transitioned fully into ownership and management as the team grew. The organization became one of the most successful and popular League of Legends teams in North American competitive history, winning numerous domestic championships and building one of the largest fan followings of any team in the region's League of Legends scene. TSM drew significant industry attention in 2020 when it sold its League of Legends franchise slot naming rights to cryptocurrency exchange FTX in a reported 10-year, roughly $210 million sponsorship deal, at the time one of the largest sponsorship agreements in esports history, before FTX's subsequent collapse ended the partnership early. TSM's combination of its founder's own competitive playing roots and its landmark, later ill-fated FTX naming rights deal has made it one of the most closely watched esports organizations in the industry's business history.
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