Italy coach Antonio Conte believes a lack of investment has seen Serie A drop from the most attractive league in the world to just the fourth best.
Conte won the Italian top flight five times as a player with Juventus between 1995 and 2003, claiming three more as coach of the Bianconeri before taking over from Cesare Prandelli as Italy boss in 2014.
Juve's dominance has continued under Conte's successor Massimiliano Allegri last term, while he also guided the Serie A holders to a Champions League final where they were beaten by Barcelona.
That was the first time an Italian side had made the final in five years and, despite a poor start to their Scudetto defence this term, Juve sit just two points off leaders Napoli and stand a good chance of maintaining their domestic dominance.
And Conte feels the status of the Italian league has fallen dramatically since his playing days, but feels it can be restored in the coming years.
"I think the best football matches are currently being played in England," he told Fifa Magazine.
"Then there's Spain and Germany, but Serie A comes after. The Italian league is in fourth place and there's no way out of that.
"It's not an issue of being sad or not, it's simply the truth.
"Before it was different. It Serie A was one of the most beautiful championships of the world.
"Everyone wanted to play in Italy. But today the club owners are not willing to invest so much in their teams. There is simply a lack of money.
"But I'm still optimistic for the future, we're on the road back to the top."