The newly-franchised competition was set to commence on January 18, 2019, with the announcement of 10 final franchise partners for the 2019 season.
Interested parties submitted applications outlining finances, team plans, and ownership background.
Selected applicants underent in-person reviews with Riot Games representatives.
Riot Games utilized 32.5% for broadcast production, live events, and other expenses, while the remaining 32.5% will go to the teams, part of which was equally distributed.
Riot Games planned to introduce a player development platform, providing support for aspiring professionals in areas like personal finance and healthcare.