It would take a while for me to understand how this new UCL format will play out especially the league phase. I have become very familiar with the old format so much that this new changes seem very strange. What qualification rounds are being played right now? Because I thought all teams for 4 pots have been seeded already. With all these changes, are you all still big on Madrid winning the UCL? I strongly doubt so because the new changes will make it a lot tougher even for the strongest teams in the competition.
Here you go.

There is a video on the link below explaining the whole logic of the new system.
https://www.uefa.com/uefachampionsleague/news/0268-12157d69ce2d-9f011c70f6fa-1000--new-format-for-champions-league-post-2024-everything-you-ne/Actually there isn't a huge change but there are some important points to know.
- There isn't going to be anything such as moving on in the Europa League by finishing in a specific position anymore.
- There is no group format in the first place.

It looks like a league with 36 teams.
- Top 8 qualifies for next round directly, 9-24th placed teams play a knockout phase and the rest say goodbye to the CL.
- Everything else is the same as before - qualification rounds which are going on currently and the rounds after the league stage ends.