They are the epitome of the problems which exist in the Premier League - They believe the hype Sky Sports creates around "the best league in the world". They believe the hype, that they are a global club, not realising a lot of that is connected to Green Street, and has nothing to do with their achievements on the football pitch. They believe they need to sign "big name" players like Higuain, rather than trying to develop their own, or take a risk on promising players from the Championship.
This should be a club, which is churning out young talented footballers and selling them on at extortionate fees to the likes of Man City, Chelsea et al, yet they prefer to buy old players on a downward trajectory.
But for that, they would need to have owners in there who were realistic and showed some business acumen, who get in managers, who will just keep them around midtable while developing these players. Then in the long run they would build a successful club. Instead they are looking for instant gratification and success and putting the club on the line.
Sadly I believe there will be at least 3 clubs who are worse than them this season, and I think that Pellegrini is probably a decent enough manager to keep them up. But I wish that that they would go down, to show the fallacy of their approach. And also because it would be amusing.