Of course, but that's just modern football, innit. There's so much money about that almost anyone you can think of wants to get their cut of it; hence more and more tedium and bloat, as you call it.
The good thing about the Europa League though, is that we can simply focus on being one of the real favourites and concentrate on actually winning it, without having to bang on about financial doping and FFP and the Tiredness and whatnot.
If Wenger has anything at all left, this competition really ought to bring out the very best in us.