I agree with you here and a couple of your other points today. What gives me some concern though, is both Mourinho and now Conte have both said that the squad isn’t good enough. Regardless of what we might think of their methods, or their style of play, those two generally know what they’re doing.Hard to disagree but the issue is whether it's now a loss of confidence in Conte or the players simply not being good enough.
I get the impression it's the former and that means it's terminal and just a matter of time.
I think it comes down to the players not being good enough. That cries out for investment and squad turnover. Maybe the blame here falls to Levy and ENIC, but irrespective of that, the main issue is the players aren’t good enough.
TLDR; if you blame ENIC, you’re in agreement with Conte that the squad isn’t good enough.