Why doesn't Europe have a continental fùtbol league?

[poklane]

BraveNewWorld said:

poklane said:
Why? We have the Champions League for that. It would also immediately screw up every other competition. Also, how would promotion/relegation work?

Regulation would be done away with to keep all clubs on an equal playing field.

Then what if a club completely slips away or a club that isn't in the league becomes very good?