Abstract Accretion of debris seems to be the natural mechanism to power the radiation emitted during a tidal disruption event (TDE), in which a supermassive black hole tears apart a star. However, this requires the prompt formation of a compact accretion disk. Here, using a fully relativistic global simulation for the long-term evolution of debris in a TDE with realistic initial conditions, we show that at most a tiny fraction of the bound mass enters such a disk on the timescale of observed flares. To “circularize” most of the bound mass entails an increase in the binding energy of that mass by a factor of ∼30; we find at most an order-unity change. Our simulation suggests it would take a timescale comparable to a few tens of the characteristic mass fallback time to dissipate enough energy for “circularization.” Instead, the bound debris forms an extended eccentric accretion flow with eccentricity ≃0.4–0.5 by ∼two fallback times. Although the energy dissipated in shocks in this large-scale flow is much smaller than the “circularization” energy, it matches the observed radiated energy very well. Nonetheless, the impact of shocks is not strong enough to unbind initially bound debris into an outflow.