I know this is often levelled at UEFA but to be fair, often those competitions were utter gash for the neutral until the quarter final stages. We are where we are.i have another idea....how about you have ONE team from each country (the league winners...or...champions perhaps). The other teams from each country could then take part in another competition, some sort of "cup", for teams in UEFA...not sure of the name yet. That competition might get a bit crowded, so you could bring in another, one for maybe just "cup winners". Resulting in 3 strong competitions instead of 1 strong competition and 1 that no-one cares about.
You could then get rid of all this mega draw nonsense
I'd tweak things so that you had no seeds in the Champions League, no transferring from the Champions League to the Europa League (as that clearly diminishes the latter), and the finalists of the Europa League are guaranteed a spot in the Champions League, (instead of the 4th placed teams of the two of the bigger leagues).