Why did the whole UCAM squad get dropped?

Wasn't UCAM a really good Tier 2 team?
https://liquipedia.net/valorant/Player_Transfers/2021/November
https://twitter.com/UCAM_esports/status/1464232478030413835

UCAM was unreal but ICUM better

They seek to stay together, their coach and assistant are Spanish, Piqué is creating an esports team for LoL and probably Valorant, so.. 👀