Mister Appointment said:
You cannot, under any circumstances, expect to see value from a youth system put in place slowly over a five year period, overnight. It's a stupid mindset to have. Look at the rags and their much vaunted youth system. How many of their current first team squad come from it?
I've said for years that someone should pose questions about their youth system. They had the same manager for 25 years, who had absolute authority inside the club, and they played the same way for those 25 years (and let's be honest here, he wasn't shy in giving his youth players a go). This was a club who probably should have been able to field a first team that was full of their own talent. However, it wasn't. In actual fact the Shower of 92 is the exception that proves the rule - you just get lucky.
I remember the reports years ago, when clubs were going to Ajax to copy their system (including the Rags). Well it's decades since, and no one has managed to replicate the Ajax success in producing youth. I also heard a bloke on 5Live saying that the FA sent him to have a look at the Belgium system to see what they were doing given their glut of decent talent. He spoke with one of their youth coaches, and the bloke said they hadn't done anything different at all, they just got lucky with a group of players who came through at the same time.
I must admit that I'm disappointed that we haven't got one single product of our youth system in our team. It was a huge disappointment that we couldn't bring ourselves (as Wenger does) to field a predominantly youth team for the Capital One Cup.
We can spend as much as we like, but it'll come down to large dose of luck, and a manager willing to give them a chance (!).