Christian Slater
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You're saying all that CS but I'm not a City fan and I'd rather see it straight knockout.
You will still get the big fixtures and the minnows have a chance to progress. You say it helps them because they get more matches but they have no chance of progression. Also it wouldn't necessarily mean a financial loss because they could simply change the payout structure of the competition. That won't help with ticket sales but I doubt many clubs are bothered too much about the money made from filling the stadium compared to TV rights and prize money which can both be altered.
There's lots of things that would improve the CL. Being truer to its name would be a start.
If that's the way you'd prefer it that's fine, a knock-out system would be preferable to me as a United fan.
Getting back to the minnows, you'd have to offset a huge sum to be able to make up for the lost revenue in TV deals, sponsorship and gate receipts. I doubt very much they'd be able to afford to offer a parity to those earnings when the competition would be earning less. Then there's the fact that the fans of these clubs will most likely see two games rather than a guaranteed six. There's also the Europa to play for in qualifying.