I would love to see Europa scrapped and the top ranked League (England currently) given 6 CL spots then Spain and Germany given 5 CL spots, then France and Holland given four and carry on etc. Champions league could operate the same as Europa now does, instead of going from group stages to last 16, it could go from group stages to last 32 then last 16 then Quarters, Semis and Final. All Leagues would then take Europe seriously as there would be one competition and a very lucrative one at that. We could scrap the Carling cup so that the six teams on Europe would only be challenging in 3 competitions and a total revamp of the FA Cup would make it better for fans and all other teams.
Imagine if we had MAN CITY, MAN UNITED, ARSENAL, CHELSEA, LIVERPOOL & TOTTENHAM in the CL!