The experienced midfielder has stated his belief that the Che still are not at the level they were before the arrival of the Dutch coach and president Juan Soler
Albelda won two La Liga titles with Valencia at the beginning of the 21st century, but they have been unable to replicate those successes in recent years, and the influential midfielder blames former president Juan Soler and head coach Ronald Koeman for their recent slump.
"It really hurts that we can not really compete right now. We had the best team in Spain and had closed the gap with Barcelona and Real Madrid," Albelda was quoted as saying by El Mundo Deportivo.
"However, then president Juan Soler destroyed everything that we had achieved. He fired Quique Sanchez Flores when we were only four points off the pace. The club then appointed Koeman and we were nearly relegated. The club is still recovering from that period.
"We are doing an extraordinary job now if you bear in mind that we constantly have to sell our best players. We have to be inventive in order to return to the top."
Valencia are currently preparing for the Europa League match at home against PSV on Thursday, kicking off at 21.05CET.