West Ham manager Manuel Pellegrini believes investing in youth development can save clubs spending huge sums on transfer fees.
Pellegrini was speaking after West Ham opened their new academy facilities at the club’s Chadwell Heath training ground on Tuesday, with the investment hoping to help continue the club’s tradition of producing young talent.
West Ham have forged a reputation for their development of young players, with former England internationals such as Frank Lampard, Rio Ferdinand and Joe Cole having come through the club’s academy system.
Declan Rice is the latest talent to have established himself in the first team, with the 20-year-old making his senior England debut in the recent international break.
Pellegrini believes investment in youth is important, saying he believes clubs can save themselves up to £60m by developing academy talent.
“For every club the best investment you can do is in young players,” he said at his press conference ahead of his sides trip to face Chelsea on Monday.
“When a player comes through that means you can save £40m, £50m or £60m on signing someone else.
“So it’s very important what has been done at Chadwell Heath.”