We should either buy top quality players who can add to the team or let the youth have a chance.
If only it were that simple.
Top-quality players typically want to go to clubs playing in the Champions League and whilst that's less of a problem for a big team not playing in the competition - like Liverpool or Juventus - it limoits our options
When we were in the Champions League we had a manager who had a mixed record in the transfer market - largely because our owners for most of his time at the club (Hicks & Gillete) were unwilling to stump up the cash needed to get his primary targets - so we usually ended up settling for the second or moreoften than not, third and fourth choices
Also it's been a long time since any youth players came into the team and made such a positive impact - as Spearing, Flannagan, Kelly and Robinson have this seasin. You have to go back to the days of Carragher, Owen and Gerrard
We bought Reina, Alonso, Garcia in one summer and they transformed the team.
Luis Garcia and Alonso came the summer before Reina - but like Torres, Kuyt, Benayoun, Mascherano and Crouch they were quality purchaes (in fact at £5m Luis Garcia was an absolute bargain).
For all that though we wasted lots of money on the likes of Dossena, Babel, Riera, Keane and as it currently stands, Aquilani