Well you start by selling your strongest assets, spend a fuckload on inferior ones, appoint a succession of managers who either don't know the club or in some cases the job, sell more players, continue to replace them with poor imitations, recieve money from selling your last decent player but by this time your manager has signed 3000 more shit ones, that money gets spunked on their wages and he gets sacked, appoint another manager who further cripples the clubs finances by signing even more abysmal players, slide further down the table with a gigantic squad list, new manager comes in and has to spend money just to get said players to fuck off and is left signing donkeys who wouldn't even cut it as programme sellers 10 years ago.
Et voila, you have yourself a nice big Sheffield United clusterfuck supreme.