Mel said on Radio Derby that we use the loan system to protect our youngsters. Bloating the squad with big money signings on 4/5 year deals blocks their path to the first team. Arguably, that's what's been happening for years now.
Also, it takes time with academies, and you can't say because we don't get 3 or 4 top players a season, it's not producing. Bogle and Lowe have graduated out of the academy and could be good news in the next year or two. Not to mention Bird, Mitchell-Lawson, Sibley, Buchanan, MacDonald etc. who are also making waves and could have their breakthrough season the way Bogle did.
Of the 7 players named there, we will be lucky if one or two make the grade. But they're all around the same age. So if each generation produces a decent amount of prospects, we'll start seeing a few of those break through.
But we will see a lot more not make it, that's just how it is for all academies