They don't, I hope they do that and lose more years, but they can also:
- sign a great manager and give him full authority
- sell their unwanted players for big fees
- splash big on the market
- form a new cycle because they have more money than us, far more.
The bad part is all of their poor players will be easily sold for big fees. There is money in the market and many teams would jump at them. Many would jump at Bellingham, Vinicius, Rodrigo, Tchouameni.
Whatever they decide to sell they will get huge funds from those deals and could invest those very effectively if they land a top manager.
He is one of the GOAT club presidents. However, there is a nuance to be looked at.
First, Perez will be 79 in less than 2 months time. I believe at this age, you are declining and doing it rapidly in terms of ability to lead. Like look, I am one who loves seeing old guard doing well and etc, but there is a limit and at 75 at most, very few are capable of doing half well. For context, he is older than Calderon who was a fairly old president and it feels forever since he was in the club.
Second, during his entire second tenure, he won 6 CL, 5 La Liga and 2 CDR, only one CDR and one La Liga were won under different manager than Ancelotti and Zidane. Granted, those were the coaches in 11 of 16 seasons between 2009 and 2025, but there is still 5 other years, and both were very similar coaches who are also a dying breed. Both can make the most unbalanced teams work and just work with what they have, both are very pragmatic.
He has hired 6 other managers, with Arbeloa being 7th, and only Mou managed to scrap a Liga + CDR with the most expensive team in the history.
So, while yes, they have resources and they have assets to sell, but Perez always forced unbalanced squads on the coach and asked them to work it out. He is someone who is past his best cognitive years, and he didn't do well in the market in the past few years. Their last genius moves were Vini and Rodrygo from Brazil, along Courtois signing. Since then most of their transfers was either super expensive big names (Mbappe and Bellingham) or stop gaps like Rudiger and Alaba.
This isn't to suggest they will be massively declining and it is over for them, but just like us, their golden years are behind them. They are a good competitive team now.