I am not certain about fatigue in regards to playing two matches a week. With the youth we have it shouldn't impact us too terribly.
I would've liked to see them play in the Europa League for three reasons:
1. All be it a longshot, the winner of Europa League gets an automatic Champions League bid.
2. Playing time for our "wealth" of youth to gain experience and new talent joining the club to become more acclimated.
3. One of my football channels televises Europa League games all the time. Since Liverpool is a big name club they showed a majority of LFC's games. That's a number of matches I won't get to see. It may be selfish, but it's true.
Unfortunately the winner does not qualify for the champions league, if that was the case, I think we would be there by now through that route.