IMHO FIFA (& UEFA especially) allows way too many unnecessary tournaments/cups. Europa, Gold Cup, the now defunct Cup Winners Cup, Confederations Cup...
How many tournaments do we really have to have to prove something?
Tottenham if they win this week will be in the Europa Cup for the 5th or 6th year in a row. Pochettino even said it may be better that they don’t qualify for that competition so they can focus more on the domestic league.
RM has 10 CL trophies.
On the other hand, though I wouldn’t agree with the analogy myself, one could also say Continental Cups like the Gold Cup and Euro Cup pale compared to the World Cup, why hold those?
Real Madrid especially has always been able to get the best players, Di Stefano, Puskas up to Zidane. Barcelona in the last 20 years moreso with Ronaldinho and Messi. I’d say too, both teams have had a number of stars from their own country of Spain.
So, it may be a good argument if one says Liverpool doesn’t need to fool around with a Europa League schedule.
So, I definitely think it is a mix of good and bad.