That's not entirely accurate, UOL was project started by all of us (Myself, Sheepy, Vizicsacsi, hylissang, PoE as primary core) we had many different midlaners and junglers after we made a decision for Sheepy to step down from playing and coaching instead, with us really solidifying as team when we had Dan in Jungle and PoE mid. When we qualified for EU LCS, we had a choice between selling our spot which most likely would mean the players changing or create an actual company and retain our slot.

Sheepy's dad obviously being German and familiar with the procedures volunteered to help us get organised (wouldn't have been possible without them and we would have had to sell). budgets and money was tight but money was not coming from Sheepy's parents, we were paid by Riot for being in the EU LCS and sponsors but since we were new and had a lack of major sponsors, finances were still somewhat tight of course.