Right now League/Riot are trying to start a real "sport" of sorts and need other investments and sponsors to really set their foot in the sand to become a true sport within the E-Sports scene.
The Challenger scene is gone but instead, I believe teams need a 10 man roster within their teams to have to either start a challenger scene to really develop talent, which isn't all that selfish if certain players are given to develop instead of getting dunked constantly for years when they are nowhere near the talent that is needed at the time(Goldenglue).
Pros are pretty much getting a full career with these changes on established rosters and sponsored teams. Fans are upset with teams such as Immortals and Dig pretty much being gone as of now but it was a decision that Riot had to make, hopefully, they will talk about those decisions and we all can move from it.
I think people are worrying about the wrong thing in the context of this sponsored League of Legends.
People who are wanting teams within their communities or states to represent them, to go to shows outside of just California, Germany and Korea, this is how to make that happen.
As of right now, I'm all for this honestly.
The post also seems to be concerned about degrading skill levels due to teams not having to work their way up through challenger, but seems to have missed out on some of the incentives to keep things competitive. Yes, the new model is more business-focused. One of the ways it does that is by having profit-sharing between the teams and Riot. These big organizations are investing in the LCS because they want to make money. The better their team does, the more popular they will be, and the more money they will be able to make off of merch, sponsorships, streaming, etc. Therefore, it's in the best interests of everyone involved to maintain the highest level of play possible.
Diddnt read but upvoted for unicorn thunder