As someone who's been playing since season 1, I can't imagine starting the game now and learning all the champions, there's so much shit. Also low levels are filled with toxic smurfs which just ruins the experience. So yeah, I'd say LoL is a dead game for new players.
How the fuck can someone be so stingy while being worth 200 billion is mind-boggling. Megalomania is a mental illness caused by money.