Due to issues regarding server location and pings, it is likely that the ViP v1.0 tournament will be split into 'two' leagues - 2 smaller leagues with 6 clans in each (since 12 are participating), one league representing Europe (Premier League) and one league representing the Latin contingent (Primera Liga). The winners of both leagues would then face each other in the 'Champions League' final.
All leaders of participating clans will be given more info regarding this over the next few days. Keep up to date by regularly checking the Tournament Forum.