" The penalty bonus point and the fact that over half of the teams are out in July just kills the interest for me and a lot of fans "
If it is a straight knock out, after one round 50% of teams are out, that is one game they have had. After round two another 25% are out, so I don't get your argument? At least in the league format, teams are guaranteed 4 games and one game doesn't end their hopes. The penalty shoot outs give more entertainment for your money. The truth is that the fans of teams that get put out at the group stage, are just making excuses for their teams poor showing. In all likelihood, their teams interest in the League Cup would still end in July, or whenever the first round date is.