Ngl I don't see any other team winning Masters Madrid other than Sentinels. Na always seems to have a good start to the year and win the first tournament of the season (2023 being the exception).
But I do think emea will get stronger later on towards the year now that the new emea teams have had international experience. Feel like Heretics especially will go crazy with Wo0t coming back in and Fnatic hungry to win again.
Masters Shanghai or Champs 2024 will probably won by either Fnatic, Heretics or Liquid