The biggest worry is that it will only give Pep two chances of winning the CL instead of 3.
Signings wise, i think the draw of Pep and the Europa League is a bigger draw than Pellers and the Champions League. It might mean that we have to bend over a little bit to meet player demands, but given the shite we have signed over the last 2 years, we ought to be doing that anyway. It's more of an embarrassment than a worry and it slightly takes the shine off the optimism for next season. I also don't think we will necessarily be going for marquee signings from Champions League clubs. We will be going for younger players who fit a certain criteria whilst having the necessary skill set to play in a Pep system.