and teams from Southeast Asia, Korea, Japan, South Asia, and Oceania will make up a league
I wonder they're going to balance the participation. With 16 teams, and 4 + SEA (MYSG, ID, TH, PH, HK/TW, VN ) = 10 "regions" to pick from, it's going to be hard to reach a good compromise.
On the other hand, LAN COMPETITION!!!!! HOLY POG, I don't think there's any PC esport that has even close to Valorant-popular LAN competition with this variety of regions.
Imagine a tour going like SK->JP->PH->TH->ID->SG/MY/India
Also, investment in APAC is going to grow so hard since the viewership will be very high combined with Riot assistance for all the teams. Hopefully no more bullshit like the X10 situation or players getting paid peanuts and not being able to put their all into the game.