I'm definitely in favour of the move. At least when you win a cup, you are the champions of the competition, not the team of came in fourth yet still qualified for a supposed league of champions. It will also put an end to teams fielding weakened sides.
I'd say that it's harder to win the cup than to finish fourth. Also, should a smaller team manage to win the cup, the financial rewards of the CL are great enough to launch that side forward into being future title contenders should they use the money wisely and catch some breaks.
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