Youth squad or no youth squad?

First of all, you need to know whether you want to have a youth team or not. The answer is really simple. All the players who have had the youth squad for some time and pulled young players every week will have won more than they invested without any effort. Not investing in a youth team simply means throwing away your money.

Youth squad or youth academy?

The answer depends on your situation and interest on the game. If you lack the time or the interest for managing a youth academy, the youth squad suits you better. Nevertheless, by working well, you will get far better players with a youth academy. In my case, despite I have had a youth squad for much more years than the youth academy, I have got my best young players from the youth academy.