Of course I dont know for sure, I'm speculating the same as anyone else is. I just don't understand why UEFA, having already sold too many tickets, would scrap the whole thing and start again. They'll just re-ballot existing ticket holders as they'll clearly already have sold enough tickets to fill the limited capacity. It would be an unnecessary, overly costly and complicated process to scrap everything and start again. Especially at this short notice.
And that's before you have several thousand legitimately pissed off people who, having already gone through a ballot process and sat with a significant amount of money in limbo for over a year, then get bumped to the end of a queue for some loser with a massive collection of obscure cap badges.
The wording of the emails ticket holders have already received over the past few months os significant. Even after they revised their Ts and Cs there was no mention at all of reduced capacities requiring a cancellation of the entire process. If there was, everyone would have cancelled and we wouldn't have this problem.