Real Madrid faces a second consecutive trophy-less season.

If that happens, for the first time in many years, the Spanish Royal club will experience two consecutive seasons without winning any trophy. This is unacceptable for a club built on a foundation of victory and that proudly claims to possess a "championship DNA."

In both Champions League quarter-final defeats, Real Madrid did not perform poorly. In fact, these were among the best matches played by the White Eagles this season.

Real Madrid is renowned for shining on the biggest stages, where higher pressure makes them more dangerous. This season, that image has nearly vanished; the team no longer maintains its resilience and lacks those decisive, explosive moments.

The White Eagles entered with a clear plan, ready to play openly and managed to lead three times at the fiery Allianz Arena. However, football is always measured by the final outcome, and Real Madrid is paying a high price for an entire season of instability.

Real Madrid's problem is the accumulation of numerous weaknesses, unresolved over a long time despite a mid-season leadership change. Notably, this season, when needing composure to finish opponents, a typically composed team like Real lacked cold-bloodedness. And when requiring solidity, their defense exposed flaws.

On an individual level, Kylian Mbappe still displayed his class with game-changing plays. However, the leadership role expected of him remains unclear. In major matches, Real Madrid lacked any player truly capable of decisively altering the course of the game.

This season, Real Madrid's midfield often lost control of the match's tempo. They frequently got dragged into the opponent's style of play, lost their tactical advantage, and were forced to defend passively.

The defense continues to be Real Madrid's Achilles' heel. The return of Éder Militão and Ferland Mendy was insufficient to patch systemic vulnerabilities.

It would not be premature to assert that Real Madrid will certainly endure another trophy-less season like last year. A second consecutive season without winning a major trophy (Champions League or La Liga, the King's Cup), and this could merely be the beginning of a chaotic period for the White Eagles.

Real's issues are not financial. Last summer, President Florentino Perez boldly brought in four stars, covering key positions. Alongside that was the strategist Xabi Alonso, seemingly tailor-made for the head coach role at the Bernabeu. But after half a season, Alonso was dismissed, and Real Madrid plunged into chaos due to numerous unresolved backstage problems.

Those problems were evident in the Champions League defeat to Bayern Munich, when Bellingham and Vinicius openly argued during the match, and Real Madrid fans continuously jeered President Perez in the stands.

Real clearly lacks neither money nor superstars, yet they are engulfed in chaos. Even towards the season's end, Real Madrid fans remain bewildered about what their strongest lineup actually is.

In domestic competitions, Real lost to arch-rival Barcelona in the Spanish Super Cup final, were eliminated early in the King's Cup, and are virtually unable to catch up to Barcelona in La Liga, trailing by 7 points with eight rounds remaining. According to La Liga history, no team has ever lost the title when leading by 7 points or more at a similar stage.

Two consecutive trophy-less seasons are not merely a failure in terms of titles but also a sign of a declining cycle. Despite possessing many top stars, Real lacks cohesion, tactical discipline, and the spirit of sacrifice—core elements for sustaining success at the highest level.

Real Madrid must undertake comprehensive reform, from squad building to reinforcing each individual's role. Not only must they reinforce the squad, Los Blancos also need to rebuild their identity, which once enabled them to dominate Europe for years.