Yes and no.
Whilst we have found Phil, Rico and Oscar, the main and hidden success of the academy is in boosting our transfer sales. Since 2014 sales fro,e the academy top 375m euros
From transfermarket:
If you take Man City’s income from their youth academy and treat it as a separate club, it would rank thirteenth among all clubs in England for transfer income since 2014. A figure which stands just short of what
Arsenalhave made from all transfer sales in that period of time and less than €100m short of
Brighton's famed ability to sell star players in the window. Which, again, just goes to show how huge and profitable an operation Man City are running in their youth academy.
My take on its is that this is the main reason for the academy and if we can pick up one or two first team players every couple of years then that's a Brucie bonus.
The other real benefit is 100s of kids get prepared for professional football whilst being coached in the right way and receiving a top education. Winner all round.