Chelsea FC's decline can be traced back to the mismanagement of funds by owner Roman Abramovich and later by Todd Bley.
Chelsea's excessive spending on players has resulted in a bloated squad and inflated wages, hindering their ability to offload underperforming players.
The lack of a clear and consistent transfer strategy has led to a disjointed team with players that do not fit the manager's vision.
Poor recruitment decisions, such as signing Enzo Fernandez, have added to Chelsea's woes.
The constant turnover of managers has disrupted team cohesion and hindered long-term success.