You are looking at this from the wrong angle. The CL is a bloated cash cow driven by the needs of the hierarchy to reap as much cash as possible. For it to be a proper competition it should be for the WINNERS of the respective leagues only. This will reduce the amount of games, meaning the PL would not need to accommodate it, it will be just Europe's top clubs, which will then generate more interest from sponsors and fans alike and it will be a true reflection of the game as a whole.
Chuck them all in a hat, draw them out, 2 legs, winners moves on. Sorted.
It can then be marketed properly.
I've highlighted a small bit. This is nonsense. Utter nonsense. You are devaluing the PL which should remain untouched. It is the greatest league in the world at the moment. Any club can beat any other club. What happens next season if a resurgent Leicester or Everton are in 5th and 6th place? Not in Europe but a weekend off? Arsenal in 7th get to play? Even though they are in Europe?
If they want to do it properly they should go back to having 1 competition for the winners, 1 for the cup winners and 1 for the next few in each league.
Defined. No bleeding into other competitions. Once out you are out.
This will then give anyone finishing 2nd-4th an incentive for the following season. Go for first. Don't think top 4 is enough. Go for it.