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There's some thought that this is a warning shot or side issue to force UEFA to reconstruct the Champions League as there not keen on the qualifying stages or small countries being included in the completion.
I'm guessing they would rather see more and better revenue generating teams qualifying teams from the major tier countries such as England, Spain, Italy , France and Germany rather than from smaller domestic and less attractive leagues ??
I think a league format for CL could work but would have to go hand in hand with domestic leagues. If you are used to being a big club in your own country are you really going to be happy to accept losing 90% of games. The only thing I can see is causing a bigger seperation between these teams.
I don't think it will happen