i definitely think there is something to be said about the Bibao model. As has already been mentioned, arguably Englands two best players are scousers in Gerrard and Rooney. If you want to go to a generation before that, the key player was Owen.
The point is, the hardest youth leagues in the country by some distance are the Merseyside ones. So I would love the club to really tap into that. That means hiring the best coaches in Europe and working closely with the youth leagues.
I have a feeling that as a club, we seem to scout big, strong, tall, fast athletes not necessary the best footballers. The can physically bully everyone at youth level but find it hard to make the step up- (this is a national problem not just Everton, but I know some of our scouts take the same approach).
So really taping into the unquestionable talent that exists in this area would be amazing. In itself it would not make Everton a driving force in the Premiership, it has to be in conjunction with genuine investment and adding bits of quality from the continent. So if we had the money I would love Everton to have the best youth development in the country.