It's not quite as bad if that's the case then, I thought someone was going to be relegated to the UEFA Cup because of this.
They haven't announced seeding details yet, whether Liverpool will be seeded or not in the qualifiers and group stage. If they're seeded in the groups they'll be in pot 1, which moves the bottom team currently in pot 1 down into pot 2, and the bottom team in pot 2 down into pot 3, etc, so it does affect more than just Fenerbahce.
They haven't announced seeding details yet, whether Liverpool will be seeded or not in the qualifiers and group stage. If they're seeded in the groups they'll be in pot 1, which moves the bottom team currently in pot 1 down into pot 2, and the bottom team in pot 2 down into pot 3, etc, so it does affect more than just Fenerbahce.