Topteams of their countries I miss are: EC KAC (AUT), HC Plzen (CZE), HC Davos & HC Lugano (SUI). But thats it.
Here is some additional info to the teams that were not in semifinals or top of regular season rankings but participate.
- Liberec (CZE) - twice in semifinals of Extraliga in last 4 years, in 2011 runners up in regular season
- Eisbären Berlin (GER) - DEL record champions, won title in 2011, 2012 and 2013, ET winner in 2010
- Djurgården (SWE) - Swedish record champions, returned from Allsvenskan but as second tier team made it to ET final round in 2013
- Bern (SUI) - one of Swiss top teams; champions in 2013, runners up in 2012
- Pardubice (CZE) - Extraliga champions in 2010 and 2012
- TPS Turku (FIN) - SM-liiga champions in 2010
- Mannheim (GER) - DEL finalists 2012, regular season winners 2013
- KalPa (FIN) - 2012 regular season winners
- VÃtkovice (CZE) - Extraliga vice champions in 2010 and 2011
- EV Zug (SUI) - NLA regular season winners in 2012, semifinals in 2013
- Jyp (FIN) - Finnish champions in 2012, won ET in 2013
- HV71 (SWE) - 2011 Elitserien regular season winners
- IFK Helsingfors (FIN) - Finnish champions in 2011
- Luleå (SWE) - 2012 ET champions, 2013 Elitserien finalists
Although these teams have not had much success in the 2013-14 season, they all were among the very best teams of their respective countries in the very last years. Well maybe with the exception of DIF but they showed their talent in last ET version despite playing Allsvenskan.
So, this shows that CHL is not a weak tournament by its lineup. Of course it can be reduced in the future like for a 32 team or 24 team format but it doesn't mean the additional teams are lowering the level at all. As we all know ice hockey is a rather well-balanced sports with many different top teams every year, not like football where you have the same top 4 teams for decades.