I think as a Premier League club we have a duty to keep our academy going, not only for us as a club, but also for home-grown talent and for the benfit on the Football League
Yes we might not have an academy side as good as Chelsea or whoever, but those lads we do have are good footballers and 80% of them that get through to their first professional contract will probably end up somewhere in the football league.
All you need is for one Berahino to come along every 10 or 20 years and you recoup all the money in one instance.
I mean, look at the Walsall team that got to Wembley this year - the Chambers twins, Sam Mantom, Romaine Sawyers, Paul Downing. All from our youth setup.
I remember Dan Ashworth when he was a youth coach/head of our academy, he said something along the lines of from any one year group, at say U15 level, only a small percentage progress to the next level, then at U17 or whatever it is, an even smaller percentage get taken forward. But even these players probably won't break into the first team. But to just abandon the entire setup altogether? That doesn't sit well with me.