See, I'm personally under the idea that one of two things will happen:
A) TL will drop entirely out of the LCS and potentially other esports (keeping their cs:go team as they have no reason to drop what is literally their "crown jewel"), forming steve's little "Agency" thingy where they represent players instead of fielding them
OR---
B) TL will field a "competitive" team next split featuring mostly rookies plus two mid to bad-level koreans (could very easily see them drop piglet in favor of a guy like kramer), with their current LCS team becoming their academy team.
As for what I think of TL, I'm going to go on a bit of a rant (hang on, things may get a bit bumpy). At the beginning of 2016, Liquid fielded a roster with the idea being that they'd "put their rookies at the forefront" and "show that scouting can be successful". The reason they did that was painfully obvious at the beginning of it (Dom retiring because of personal reasons, Quas/Loco clashing heavily, Xpecial knowing the team's best chances of making worlds were behind them) and didn't exactly feel like a smart move. 2016 spring went by, and for the most part the team was pretty average with DD and Fenix (a guy who I personally feel was overcriticized during his LCS tenure) carrying the majority of their games and their rotating roster looking pretty meh.
2016 Summer rolls around, and for the most part it again is a "clown fiesta" of sorts with their rookies having a massive fall from grace (Matt leading the LCS in total deaths and inheriting the "Kiwi-crown", Lourlo looking bottom-tier, DD looking decent before being benched for Quentin Tarrentino's doppelganger arcsecond). Looking like a clown car full of laxitive-ingesting goldfish, they went into the 2017 offseason apparently wanting to do the exact opposite of what they did in the last one. Out were the "problem child" of dardoch and their again, overcriticized Midlaner. In were Huni-less Reignover and their challenger-team's midlaner, essentially replacing two mid-tier players for half of a game-wide win condy and a guy many people expected to never see serious LCS time again.
2017 spring goes by, and the same stuff happens. Matt again leads the entire LCS in deaths (I repeat, Kiwi-crown!), multiple roster moves are made towards the end of the season, notably the almost LCS-ban-worth acquisition of DL (but hey, if Renegades and TDK aren't allowed to do it then it's ok to allow TL to do so) and benching of goldenglue so that Piglet can make SKT memes, and the team barely manages to survive, again.
2017 summer begins with TL doing what was apparently supposed to be a massive roster overhaul which included literal dozens of subs added and removed (at one time TL legitimately having 5 midlane subs in Piglet/Goldenglue/slooshi/arcsecond/Link) and steve doing a weird bin-laden-esque video in which he appeared to be trying to get people to either stay faithful to his team and/or acquire a sweet waterbed for a decent rate off him. Goldenglue did an excursion to korea on his own dime in which he practiced with zero LCK or challenger teams and instead focused strictly on soloqueue (because as we all know, solo-queue very easily shows who is the best at competitive LCS games, just ask NA's best Top and Mid duo Quas and Shiphtur), even doing a Thorin interview in which with somewhat teary and/or sleepy eyes said that 2017 summer would be his last "shot" and that he desperately wants to show all of his fans who stuck with him that he has something to offer in the LCS. Sure enough, TL saw his dedication and stuck by him for all of one WHOLE WEEK before benching him and replacing him with asian-Johnny Bravo Slooshi. Subs didn't stop there though, with former EULCS MVP reignover (I think, I know either him or huni got the honors with fnatic) being benched for Inori and eventually DD, Matt FINALLY being benched for god-kwon (not leading the LCS in deaths, in no small part because of flyquest breaking the historic mark), and looking through and through like a slightly more disorganized 2017 spring origen.
Now, if I'm a potential investor/esports fan looking at the past 2 years of LCS for TL, why? Why should I get involved with an organization that clearly has no real strategy or longterm goal going on? Why should I get invested in their players who realistically could not even be playing the entire split or be utilized properly? Just, why?