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A Few Questions. Please Help!

Alright, to start I'm rather new to the world of European football, that being said, I'm a devout Chelsea fan. I have a few questions that I tried researching but can't seem the find the answer for. Mostly regarding the different leagues and trophies.

I completely understand how the England football league system works, with the premier league at the top and countless levels below it. I also understand how the bottom 3 teams in premier drop down and the best teams from the league below move up. I understand all of this, however I don't understand which cup means the most to us.

There is the regular premier league cup that goes to the team with the most points in the premier league right? And there is no playoff of any sort, it goes to the team with the most amount of points.

Then there is the 2 other cups? The football league cup which includes only the top 4 divisions of England's football teams and the FA Cup which includes the top 10 or so divisions of England's football teams. Both of these are single elimination tournaments correct?

Aside from that there is also the UEFA leagues. The Champions league which takes the top 4 teams from the premier league standings and enters them along with the top 2-4 teams from other countries top leagues. And the winner of the Champions league is decided sort of like the world cup right? Teams are split into small 4 team groups and the top 2 advance. All the teams that advance are entered into a single elimination tournament?

And the other UEFA league is Europa. This is the exact same as the Champions league except its second best. So it takes the teams that are ranked 5-8? in the premier league? Or are the entrants decided some other way?

All this being said, Which trophy means the most to us? The regular Premier League cup, the Football League cup, the FA cup, or the UEFA champions league cup? In what order do the cups rank in importance to us?

Sorry for asking so many questions, but thanks for helping me out, I really appreciate it. GO CHELSEA!

-Nick

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