This is just a guess, but I think they might have had numerous champions from all over Europe and not just the big nations.
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I just dont remember the old european cup and how it functioned.
On reflection Id say it would be better that way too.
We'd never be in it though.
We'd have been in it 3 times under Wenger. But, and here's the point, that would make it more exciting if and when we are in it. Teams being in it year on year make it less exciting and special as it becomes routine. Plus it gives them such a big financial advantage that it makes it easier for them to stay in the top few and it can all become self perpetuating. City and Chelsea bought their way in, it's pretty hard to do it otherwise (which, grudgingly, makes Spurs achievement this season quite impressive although they've not exactly been thrifty themselves).
Only for the last 15 years thanks to Wenger.
There are so many great teams in Europe that arent necessarily champions though. In spain every year one of Barca or Madrid wouldnt be in it. I think the way the CL is a.t.m isnt exactly boring and in some countries it is only the top one or two isnt it?
My old man told me that back in the day, because only champions were in the European Cup, it arguably made the Uefa Cup harder to win and it carried more prestige than it does now, because the teams who finished 2nd and 3rd were involved.