As you know, Worlds skins are an indispensable part of the tournament and were created by Riot’s design team in collaboration with the players of the championship team. These Worlds skins not only honor the champion of the tournament but also contribute a large part to the income of the winning players. According to Riot’s rules, 25% of the profits earned from Worlds skin sales in the first year will belong to the players. Therefore, in the League of Legends industry, Faker is the person who benefits the most from this skin line when he owns 3 Worlds skins.
Worlds skin is an indispensable element of the tournament to honor the champion
However, according to a recent revelation from T1 CEO himself, another part of the profits from the World Championship costume business will be transferred to all other teams in the LCK. Specifically, he said in a conversation with male streamer LS: “For me, this is a bit strange, but there are many teams that don’t even win a spot at Worlds, but they will still receive a portion of the benefits. Profit from selling Worlds skins”. T1 CEO’s sharing surprised even streamer LS. However, the CEO did not forget to share that T1 itself also received similar profits from DRX’s outfit last year.
CEO T1 shared that the profits from the Worlds skin will be divided equally among the teams and T1 itself will also receive a portion from the DRX skin.
This made the LoL audience extremely surprised. Because, in the minds of many people, Worlds costumes are usually only divided 25% for the players and this is considered part of the prize money of the tournament, in addition to the money they will receive immediately after winning the championship. However, the fact that other teams in the region also receive money from the World Championship skin business is still confusing.
“This is really crazy. I always thought this minimized competition between players but it seems unfair, especially for organizations like organizations with active income sources in the ecosystem like T1 and organizations with big budgets. I don’t know specifically about LCK teams but it sounds like C9 will split their prize money with IMT? People who won Worlds will see how much their skins go down in price percent”
“Joe spoke up when there were some LCK teams that just wanted to take their share and do nothing. This was especially infuriating. They imposed a salary cap (a luxury tax would be applied to other LCK teams) and the account for new recruits, it’s not surprising to hear him (the CEO) sound disappointed”
However, according to some opinions, this is not at all strange. Because small teams or teams with tight budgets also need money to maintain team activities. This sharing of profits also has some similar properties to royalties as in other sports.
“This is completely normal, school football teams still receive money from teams that qualify for the playoffs, this helps school football teams have money to pay players.”
“This has a lot of meaning, helping teams have an income to maintain operations”
Furthermore, with the franchise format, teams participating in the tournament will also require a certain fee. Besides, according to some information, LCK has implemented revenue sharing, especially towards teams with poor results. The reason is because these teams are often less famous groups, do not have much investment money and the prize money from the tournament is not much.
T1 itself also received a portion of the money from DRX’s Worlds skin sale
Furthermore, according to T1’s CEO himself, this is no longer a strange thing to the League of Legends audience, especially in the LCK region when T1 itself also receives profits from the DRX skin. And perhaps, this incident is heating up at the present time due to the attraction of T1 and they are the defending World Championship champions.