Yesterday, nine of the ten participants teams of the argentinian Liga Master Flow, which grants a spot to the promotion tournament to the LLA and is semi-supported by Riot, stated a unified post in which they communicated their decision.
https://twitter.com/FuriousGamingLA/status/1316483927822000129
https://twitter.com/LucasBenaim/status/1316493011447173120/photo/1
The statement was simultaneously posted by the orgs 9z, Coscu Army, Feint Gaming, Furious Gaming, Isurus Gaming, Malvinas Gaming, Flow Nocturns Gaming, Undead Gaming and Wygers, being River Plate Gaming the only one that didn't pronounce.
Minutes after that, the LVP (organizer of the "Liga Master Flow") posted the official answer, stating that they will keep up the league and opening their 9 vacancies to the best proposals.
https://twitter.com/LVPar/status/1316529483390816257
There was no follow-ups by the orgs or explanations by the CEOs on why did it happened; only the 9z CEO tweeted "The scene is made by the ones who love it" and, after that, "No one's against nobody, everyone's on the side of a wealthy scene and with equal footing. Thank you to LVP Arg who opened the doors for us, now it's time for the epic".
https://twitter.com/FrankkasterX/status/1316497167234863105 https://twitter.com/FrankkasterX/status/1316498926648930305
Speculations were made on all LATAM, considerating that it could start a domino effect on the other leagues regulated by LVP (Chile, Mexico, Peru, Colombia, Costa Rica and Venezuela).
The main reason of the pull-out that sources bring would be that the orgs received an insignificant part of the huge ammount of sponsors money that the league obtained; even one of the teams (Feint Gaming) had to loan their place on the league because they couldn't sustain their roster. Bringing context, the argentinian Liga Master Flow was a huge success, being by far the most watched on all LATAM and in some cases even being more viewed than the LLA.
Sources also bringed that the LLA Promotion tournament cancelation, another scandal that happened two weeks ago, was not the main reason, but the cherry on top.
TLDR: Nine teams from one of the second divisions of LLA pulled out from the league, the tournament organizer decided to go on anyway. There's no information available, but sources suggests that it could've happened because of poor distribution of the money that the league receives.