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In this video made by ITTF, some players have very cool logos. Are the logos real designs from their sponsors? Have you seen them wearing clothes with their own logos?
Yes!!
Timo's one is used for real (with Butterfly blades) for sure!
And same with Mizutani's one!
ML's dragon looks like a snake to me.
Hard to guess the concept behind the design of this one except the L.