#4 Arsenal
So much has been made of Arsenal, for a few years now. So much so that it seems like a yearly occurrence on behalf of the fans and the board. Thirteen-time English top division champions are one of the most celebrated clubs in the country's footballing history. But as things stand they are slowly falling down the pecking order in English football.
The Gunners' last league title came back in the 2003-04 season, a season where they hit the heights of an unprecedented invincible season. Sadly, things have only gone down since for Arsenal and everyone associated with the club. Not only have they failed to secure a league title after that glorious campaign, the situation regarding manager Arsene Wenger has only grown worse during that same period. Things have now reached a point where it is threatening Wenger's legacy and the club's public image as a whole.
Arsenal are one of the giants in English Football, be it in terms of history, the finances or the stadium. It's a club which stands out in most aspects and this is perhaps the reason why it is somewhat bewildering that despite such power and grace that the club have not even challenged enough for the league title.
Inconsistency, lack of character and the regular exodus of key players have all been contributing factors to the decline of the club during this spell. Judging by the way things are going for the London side, the gradual downfall might take sometime to stop.