Money isn't the issue here to be fair, they have teams worth of hundreds of millions of euros, which is more than a lot of teams who wins the Europa or conference, so they could have a team win.
PSG is also good enough to win the UCL, a huge club with an owner that has deep pockets, so they built many good teams over the years, and spent a lot of money on the club as well. What they are lacking is experience in tournament schedule, they are just not experienced in it which shows itself during the European competitions. Too many teams go up and down, and not a lot of them joins the same competition every year, aside from PSG that goes to UCL, and I think they need to learn to be better at tournaments, which will help them on the long term.
If they want to win the Champions League title, they definitely need an experienced coach. Sustaining consistent good performances in both Ligue 1 and Champions League is no easy task. Good performance should be continued in busy schedule. At the same time, the fitness of the players should also be good.
The last few years have seen PSG's owner spend a lot of money and build a strong squad. Despite PSG's strong squad, the team could not do well in the Champions League. Because they did not have an experienced coach. But now PSG has got an experienced coach like Luis Enrique. If Luis Enrique is able to build a squad to his liking, I believe PSG can perform even better on the Champions League platform.
PSG already got what they needed to have. In the last season, they had superstar players but they didn't have a coach like Enrique in this team to help players have better teamwork and they have it. Also, Enrique is experienced enough to make PSgeven win the Champions League title.
But other than this, they have to give Enrique some more time and provide him the players he needs, Mbappe leaving PSG was harmful for them.