I think you meant "dire" Anyway, it's a long story with quite a few nuances. Short version: we always had limited resources and depended on good scouting and smart dealings in the transfer market. Due to domestic achievements and regular participation in CL/UEFA Cup in the early to late 2000s, we generated a healthy stream of income and our financial state was healthy, so we were able to attract decent players and offer them decent salaries. On top of that, during this phase when everything was still was going well, the club decided to expand the stadium. The estimated costs were around 50-60 million, but due to various factors (increased steel prices, etc.) it wasn't feasible and in the end a simple modernisation of the stadium (even without the planned capacity increase) cost us 80 million instead. It was still all fine as long as we were finishing in the top 6; in fact the whole club expenditure was based on a somewhat naive belief that it's going to be the case for years to come. Unfortunately, we were regularly losing our key players to bigger clubs (usually for much too low fees too), the replacements weren't good enough, our performances started to drop, we started missing out on European spots and financial rewards that come with it, all while the squad was still largely made of players with salaries fitting for a club with CL ambitions. So essentially, we brought in players on high salaries who mostly failed to deliver (so we struggled to sell them for profit as well), we hired and then sacked managers each of whom turned out to be worse than the previous one, we failed to reach our sporting goals as a result, so the expenditure kept on growing while the income was decreasing massively. We went from making profit to making huge losses each year, so it was not sustainable and the club went on an extreme saving course. The financial situation got better after a while and we stopped making losses in recent few years, but then corona hit in 2020 and it meant that we lost around 40-50 million last season, which for a club of our stature is a loooooot of money. So now we're back to where we were a few years ago - poor financial state, no sporting achievements, danger of relegation.