I dont usually get involved in this kind of thing Odds but i would have to disagree with you. Its only the money thats made the European Cup into this Champs League thingy. If they had won the European cup they would be able to defend it (they could couldnt they?

) Every team deserves the right to defend a traphy that they hold irrespective if they dont meet the criteria for entry into the competition they won the year previous.
It seems the Champs league are good enough to change the rules and requirements to suit themselves regarding format etc. It seems to me they havent really thought this through at the time and in future they should always make allowances for the team thats got the trophy to defend it against those that want to take it from them. If i was a liverpool fan i would be raging at those in charge.