
Let's discuss one of the weirdest things to happen at clubs history, because the planning and expectations aren't on the same wavelength — there are issues that need fixing & change of direction.
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Bale & Cristiano publicly came out asking to leave. Ronaldo was allowed & Bale wasn't. Zidane had already made decision to leave & h3 suggested that club signs Sadio Mané – given reports, he had verbal agreement with player already.

The coach went & came back in less than a season worth, Julen Lopetegui & Santiago Solari failed to make best of a squad that was weakened & Perez called upon Zizou for his return.

Cristiano is Irreplaceable. Fact. But saying the clichés like he should've been replaced is a must here — in terms of squad planning.
Instead, Madrid opted for a more youth side of signings, Vinícius, Rodrygo, Militão, Jović, Reinier etc.

Real Madrid signed only 2 bona-fide World Class footballers with a lot of money, the Ballon d'Or level Hazard & one of best LBs in the world, Ferland Mendy.
Was it enough?

Real Madrid's core is over 30 years old in average, besides the rise of Federico Valverde, they would normally employ one of the oldest squads in La Liga & trying to get best of them is hard — it's rather dangerous approach.

The players are either "too old" or "too young" and it's hardly any middle ground, some well established footballers who have experience but also years left — which is something Zidane requested.

It's hard to blame the coach for not playing and developing all the youngsters but this is an impossible mission:
Real Madrid requires trophies, those youngsters won't bring them so he opted to use the old guard for results.
2 trophies so far.

Clarify your plan. Either turn into Ajax/Dortmund being competitive but not reaching much until the young player are ready — therefore hire a coach to develop them OR
Sign necessary players to compete in all fronts – experienced & good enough footballers.

Cash in. Sell majority of investments made in last few years, increase the cash flow & probably risk a higher debt to make club more successful and competitive.
That way Real Madrid can use a more depressed market to make the necessary changes to the club.

2 players than can fix Madrid offensive structure for a long time — do they not suffer unfortunate injuries & manage to maintain their level — like anythose remains gambles & you never know how it turns out.

Players like Paul Pogba & Aouar will be available throughout the summer — no reason for Madrid not to chase one of the two as both have the necessary skill-set to improve Madrd and add depth.

Given how season shaped up – Madrid must already start planning their budget, targets & possibly a debt that needs to be taken in order to fund the transfers.
Make your transfer decisions with the coach.