By on paper I mean, the team with the best individual talents.
And yes, we all know that having 5 star players doesn't always work out, it actually often fails but that's not the subject.
I'd say fnatic honestly
Boaster-Say what u want about him but he is a proven igl. Made it to playoffs in every single international event(except Iceland 2022 coz 2 of their best players were missing). They have a history of choking but I still think he is very good at what he does.
Derke-Top 5 player in his role. Top 5 or top 10 acs in almost every event he plays.
Alfajer- Great mechanics. One of the best razes itw.
Leo- Top 5 initiators last year. Insane aim and brain.
Chronicle- One of the most flexible players ever and a world champion. I'd say the best player on the team. Was a little inconsistent last year but still among the best players itw.
Overall if they don't choke fnc is easily top 3 teams itw on paper. We have to see what happens tho