Yeah when you put it like that, it does make sense, plus, removing Liverpool doesn't necessarily remove LFC players from the draft, but what it does do is stop you having the example above of an LFC XI by pulling LFC, Southampton and Hull as 3 of your sides, which would definitely be possible because they'd likely be in different pots. The most anyone could do is maybe get VVD, Mane and Lallana maybe into their side.
My thinking on the pots:
Pot 1: Man Utd, Man City, Chelsea, Arsenal
Pot 2: Spurs, Villa, Southampton, West Ham, Blackburn, Everton, Leeds, Leicester, Newcastle Utd, Middlesbrough, Sunderland, Wolves
Pot 3: Fulham, Bolton, Brighton, Burnley, Charlton, Crystal Palace, Norwich, Portsmouth, QPR, Sheff Utd, Sheff Wed, Stoke, Swansea, Watford, Wigan, Derby County, Forest
Pot 4: Barnsley, Birmingham City, Blackpool, Bournemouth, Bradford, Brentford, Cardiff, Coventry, Huddersfield, Hull, Ipswich, Oldham, Reading, Swindon, Wimbledon, WBA
These could be changed if any looked a particularly odd outlier.
3 minimum per team, 1990 - present day, minimum of 30 league appearances for chosen team, 1 wild card to pick a player from outside the time category, eg Clough for Sunderland, Robertson for Forest, Mackay for Derby etc - wild card will take up one of the slots of the side you're selecting for.
4 drafters (randomised) would get a pot 1, 2, 3 and 4 draw. 4 would get 2,2,3,3 and the rest would have 2,3,3,4 but perhaps an extra wildcard or even two. Could even do no wildcard if you've a pot one team, one wildcard for the 2,2,3,3s, two wildcards for the people selecting players from the bottom pot. Would still be a draft because there's tremendous cross over here, for example WBA drafters might want to take Lukaku early despite having picks available in better pots, so they can take him from the Chelsea and Everton drafters. You could draft from whatever team you have in whatever order you want, order would be randomised snak draft.
So to take the example above (you can tell I'm not allowing work to get in the way today), a drafter who got teams from 2,3,3,4 could draft the following:
Teams - Spurs, Stoke, Derby, Hull
Berbatov (Spurs)
Bale (Spurs) (WC) Matthews (Stoke)
Modric (Spurs) Lee (Derby)
(WC) Mackay (Derby)
Roberston (Hull) Maguire (Hull) Woodgate (Stoke) Glen Johnson (Stoke)
Poom (Derby)
People would need to get creative and the wildcards for the drafters with weaker seeded teams means there's some greats from pre 1990 that can come and fill in if modern players are a touch underwhelming. I think it would make for a fairly competitive draft, no one would be ultra stacked.