You make some very good points, some I concur completely with.
I agree, and would say up until recently, from the time Arnesen arrived, transfer trading formed an enormous part of our business model (maybe the most important part - because until recently our profit from other revenue streams wasn't huge), with heavy emphasis placed on procuring players with inherent value, and as much as Ive moaned about various purchases during that time, Ive always maintained that we've still done it better than most up to a couple of years ago. But even within that remit, I think by not making the best use of some academy products, we've not always maximised another great revenue stream - conversion of our own HG product, even the ones that aren't ultimately good enough for our level or PL level.
This ties in with your last paragraph which again makes very salient points:
This is where I think putting Poch at the top of the pyramid (as you said in your other very good post today in the Poch thread - and Ive touched on in places too) making him the "manager/head of recruitment" and not just head coach has seen that strategy become very blurred and veer more toward the "now" signing. We have no DOF, gone is our "dream team" scouting/analytics dept., and even the committee has been usurped by a more Poch driven policy. Hence we get 30m (and 4.8m pa) on a 27yo Sissoko, 12m on a 32yo Llorente, 25m on a 26yo Moura, 25m on a 24yo Aurier. In todays bananas fees they don't look expensive (apart from Sissoko obviously), but to a club with our resources the fee/wage packages represent big commitment, they were all players who are exposed at a certain level, don't have loads of clear scope, unlike many of the deals we did in previous years for the likes of Dier, Alli, Eriksen, Walker, Rose, Modric, Bale...
And to bring this back to the youth integration issue (and touch on something
Spursidol
has said above, and Ive said previously that we've also seen our playing strategy become very diluted - partly from circumstances this season outside Poch's control, but part of it started last season, the fading press, the more reliance on "individual" over the collective ethos. And I think this is where the academy can also play a part in the football sense, not just from a value/financial sense - because these kids will run through walls for a chance, they can bring energy and intensity, have young supple minds that will follow tactical instructions. They don't have to be world class, it's not like all our purchased players are.
This is what galvanised Poch's revolution here and I think he's got further from it the longer time's gone on, he's become less "brave", has more fear of failure. The one thing Ferguson never feared was using young players for certain remits, even the functionary ones (the Fletcher's, Evans's, Brown's etc) as well as the decent ones. Because he knew they'd give him 100% every time and do what he asked. And Wenger's best years always seemed to be when he was developing young players not spending big money on buying them. And in doing that even if they don't end up top drawer, you kick the regulars up the arse, and you add to the kids value when you sell them on etc. Win/win.
It's not us, it's him. He was exactly the same at PSG, where playing for PSG greatly enhanced his "numbers". There has always been a lot of headless chicken wastage with him. He was always most effective in a 433 as a wide forward, and Poch did him no favours (or Kane/us) playing as a striker in his 442 bollocks, but Moura's not the most intelligent and never has been. I got a lot of shit on SC for calling him the Brazilian Lennon. Lots of whiz, not much bang. In this respect, I still see him as blocking pathways, because we've added another - not peanuts cheap - player that Poch is going to feel obliged to play (like Sissoko) meaning one of either Son, Alli or Lamela on the bench, meaning no Edwards, Shashoua, Roles on that bench. That's OK if the player is great, or bags of potential to be great, not so good if he isn't.