The squad is nowhere near good enough. Players have the reputations they have because of what they've won and massive amounts of media and fan-made propaganda, not because of how they actually play. Last year Lucas Vasquez was a brilliant option to have, Bale would have no problem replacing Ronaldo's goals, Asensio was a future Ballon D'Or winner, Isco was actually a big candidate for a while, Modric freaking won it...
Perez has made shit decision one after the other, it's incredible how badly managed Madrid have been in the past 2 years. It's like he got to 2016/17, had the club's best season ever and then decided to feck it all up one piece at a time.