I see that they plan to evolve this into places being based on tournament performances over the preceding years, starting with the 2nd iteration. However, their proposed methodology for (eg) Europe seems somewhat flawed:
The 8 CL finalists plus the next 4 best performing clubs based on their co-efficient iirc. This rather ignores the possibility of sides appearing in more than one CL final in those 4 years, so would that just mean more co-efficient-qualifying clubs?
Plus of course the eminent possibility that those qualifying courtesy their performance in the previous iteration of this tournament would be the same clubs qualifying through their performances over the next 4 years.
Still, all these are details. What some previous posters have missed is that the 'invitation only' system only applies to the 1st tournament. It is still likely to help preserve the rich elite though - and possibly drastically imbalance leagues with less money. The latter of course provides fertile ground for the corruption that international football organisations seem to love so much.