Longzhu TV’s CEO plufriend broke the news:

I wanted to wait a few days but it seems that tomorrow Korean side has to make a statement, league (lolesports) doesn’t allow any suspected subject owning two teams, so forced me to sell longzhu, the argument has been going on for half a year now, still can’t do anything. Starting tomorrow team will change its name, still a Chinese company called 综皇(kingzone, aka kz). Longzhu TV will become their sponsor and stream partner. It’s a shame that I didn’t even think of letting Prilla stream, it’ll soon happen.