I disagree that Arsenal's model is all that similar to ours. They've seemed to continued on with the model that gave them success with players like Fabregas. Look around the world for the biggest talents you can find and entice them with solid sign-on bonuses and relatively high wages. The success of this model in the last 5 years or so has been fairly limited. It's a model other clubs have struggled to succeed with too, including (imo) ourselves, Chelsea and Liverpool.
Depends how you define success. From reading what you have written you seem to have defined/judged it purely through the extent of sporting success.
I'm sure the arsenal board totally disagree, but love the fact that you and many other football fans have that opinion. Over the past decade, Arsenal have spent almost nothing in terms of transfer fees almost solely because wenger has been able to pluck youngsters from across the world and groom them into superstars. This has meant that the academy has been able to supply players to the first team, and in some cases, the sales of these players has offset any incoming transfer activity. You have to understand that the arsenal board do not care about on-pitch results in and of itself. Because arsenal have been so succesful with this model, their net transfer fees has been incomparably low when compared to any of their rivals. From a financial perspective, i suspect the arsenal board believe that this model has been an almost total success.
But fans cant see this, or refuse to beleive that the board thinks along these lines. And thats probably the way their board want their fans to be.
Our recent success with young players has stemmed primarily from players developed through the academy from a younger age, or picked up early without the added pressure and individual success for the player resulting from the early big payday. Kane, Mason, Townsend, Bentaleb, as well as Carroll, Pritchard, Fredricks and Veljkovic enjoying loan spells this season along with recent PL level sales like Livermore and Caulker have fitted into this category.
What difference does this make? "without the added pressure"? what are you on about? all players have to come from somewhere. And Bentaleb's from Lille, Veljkovic is from Basel, and we nicked pritchard from whu. also, theres a seriously high chance that mason, townsend, bentaleb, carroll, pritchard, fredricks and veljokic (and maybe even kane, GHod forbid) will not be anywhere near good enough for us in 5 years time.
in contrast, arsenal have produced the likes of gibbs and Wheelchair, if you want london english lads. but football isnt about skin color or nationality anyway. and since you've included someone like bentaleb, i dont see how hes any different from someone like coquelin, bellerin or szczesny. Then theres the likes of alex song, fabregas or clichy. A level down theres a whole host of players who are having very good careers elsewhere; djourou, bendtner, senderos, traore, mannone, vela, jenkinson. the type of career that is looking to be a pipedream for someone like carroll now. probably someone like bentaleb will end up being this level. arsenal have been able to fill up their squad with these types of players for next to nothing. and not have to be concerned about players "fitting into their style of play" or filling home grown quotas.
We have also picked up some cheaper young players either into our academy like Rose, or (a bit further back) to send out on loan like Walker and Naughton. We did of course also sign Bale, and more recently Alli for significant fees and most likely on solid wages. Bale was signed for the first team though, not the reserves/academy and I hope the same is the case for Alli.
Signing relatively expensive, higher profile, relatively high wage players for the academy and development squads as a model hasn't been as successful as I think many used to assume (and still to an extent think). To become a true producer of quality young players you have to actually produce young players yourself with a quality academy, not just scout and sign talent I think. The narrative about Arsenal and young players is becoming a bit of a myth these days I think.
you have to remember that elite english clubs will find it basically impossible to graduate a large number of players from the age of say ten into the first team. teams like barcelona, ajax etc only are able to do this because theres no laws stopping them from cherry picking the best kids from the entire country. English clubs like us can only pick up local lads. Theres only so much developing you can do. Its a wonder that clubs like us and arsenal have produced the amount of players we have.