The whole thing is unclear for a number of reasons , some of which are
1. The club have agreed to enter the competition without any consultation with fans. Competition matters are specifically listed as matters which the club has agreed(in writing) to consult with the Fans Advisory Board with but they haven`t done so
2. Even if the above had been done , there has still been no clarity as to whether this will be a CCFC first team contest or one for the u21s. If the former, then this will put more fixture pressure on what is a limited first team squad. If the latter, is this acceptable to the FAW?
3. The limited information given out to date indicates that there will be little or no financial benefit to CCFC from entering this cup. Any prize money from Europe goes to the FAW not the club and , as you say, fixtures against minor clubs from countries most people would have to look up on a map are hardly likely to attract decent match attendances.
4. To even get to Europe we would have to beat teams who are currently stronger than us.