Well I'd be very surprised if a Chinese investment firm is interested in funding a competition that doesn't guarantee the participation of the world's largest clubs irrespective of where they finish in their domestic leagues. The cynic in me would imagine this will be an attempt to get Real, Barca, Bayern, United, Arsenal, Liverpool, Chelsea, City, PSG et al to play some form of semi-competitive tournament outside of Europe. I doubt they're particularly interested in seeing Leicester, Monaco, Nice etc. I can't read the FT article, but the NYT article doesn't state there will be a qualification process for it on the back of league positions.