That would be insane, nobody wants to play in a competition where they have a 1% chance of winning the trophy. Not to mention you haven't thought of the replays in case of a draw, which would results in some teams playing 3 matches in a day. Add the crappy time scheduling to that mix and it quickly becomes a disaster - it's bad enough already.
Plus, I don't think that the chances of token buyers winning it would be slimmer - it would literally become a game of chances and the higher your team's quality, the higher your chances are.