You’ve got the manager here of the club that won it last year saying we could do without it. That should really tell you how much this thing is valued.
For clubs the money is pathetic. For fans the bragging rights are just about zero unless you’re Tottenham winning it several years into an Arsenal drought. For players the prestige isn’t there except for the joy of a Wembley final which is always a great thing.
But once you have a competition the competitors aren’t fussed about winning it really stops being a competition.