It’s a moot point as to whether the Academy itself is to blame or whether it’s the club for such short sighted policies, but what comes over clearly is that our spending is not of the order you’d expect from a club in twenty third place - it’s the lack of receipts from the sale of youngsters that hit us hard. Sides like Forest, Derby, Reading and the wurzels have been able to supplement their buying with a fairly steady stream of Academy products sold for seven and eight figure sums.