Brazil Valorant killed by franchising, Loud was making profit because they were paying BRL to player, gaining USD from Riot, the currency gap was a big factor of their success. Things completely changed since franchising.
When they merged to the America league and move to US, they are nothing special anymore, they are not rich enough so they can't bid the offer from the other NA team, so they lost Pancda, Sacy, and then Aspas. Maybe Less and Saadhak in the future.
Meanwhile, the loss of Furia, Loud, Mibr killed the tier 2 scene, not only the viewership but also the competitiveness. Brazil tier 2 team can not scrim against tier 1 made them not able to progress further. But NA tier 2 team has the chance to scrim the top teams.
And I would also give a honourable mention to Mibr, this shit org has 0 success gene, they don't know how to run a team and guide their player to success, they are wasting their talents, kill their confidence. The brazil version of Tyloo