The experimentally known reaction of Cp 2 Cr 2 (CO) 6 with white phosphorus (P 4 ) to give CpCr(CO) 2 (η 3 -P 3 ), Cp 2 Cr 2 (CO) 4 (μ-η, 2 η 2 -P 2 ), and the triple-decker sandwich Cp 2 Cr 2 (μ-η, 5 η 5 -P 5 ) is of interest since the P 4 reactant having a tetrahedral cluster of four phosphorus atoms is converted to products having P 2 , P 3 , and P 5 ligands. The mechanism of this obviously complicated reaction can be dissected into three stages using a coupled cluster theoretical method that has been benchmarked with the P 2 , Mn(CO) 5 , and CpCr(CO) 3 dimerization processes. The first stage of the Cp 2 Cr 2 (CO) 6 /P 4 reaction mechanism generates the unsaturated singlet intermediate Cp 2 Cr 2 (CO) 5 that combines with the P 4 reactant. Decarbonylation of the resulting Cp 2 Cr 2 (CO) 5 (P 4 ) complex provides a singlet tetracarbonyl readily fragmenting into the stable triphosphacyclopropenyl complex CpCr(CO) 2 (η 3 -P 3 ) and the chromium phosphide CpCr(CO) 2 (P). The isomeric triplet tetracarbonyl Cp 2 Cr 2 (CO) 4 (P 4 ), readily fragments into CpCr(CO) 2 (η 2 -P 2 ), which can generate the stable diphosphaacetylene complex Cp 2 Cr 2 (CO) 4 (η, 2 η 2 -P 2 ) as well as the pentamer [CpCr(CO) 2 ] 5 (P 10 ). Combination of the coordinately unsaturated CpCr(CO)(η 3 -P 3 ) with CpCr(CO) 2 (η 2 -P 2 ) can lead to a ring expansion. This generates the P 5 pentagonal ligand in a Cp 2 Cr 2 (CO) 3 (P 5 ) precursor to the experimentally observed carbonyl-free triple-decker sandwich Cp 2 Cr 2 (μ-η, 5 η 5 -P 5 ) after three successive decarbonylations.