Say what? Give me an example of this. If anything, the exact OPPOSITE is true. As soon as a top young player emerges, one of the top four or five clubs in England snaps him up faster than you can say Eric Cantona.
A few recent examples of young players purchased away from smaller teams by top English clubs:
Man U
Michael Carrick
Wayne Rooney
Cristiano Ronaldo
Louis Saha
Ji-Sung Park
Mikael Silvestre
Chelsea
Shawn Wright-Phillips
Damien Duff (since joined Newcastle)
Scott Parker (since joined Newcastle)
Arjen Robben
Wayne Bridge
Liverpool
Xabi Alonso
Peter Crouch
Jermaine Pennant
Luis Garcia
Dirk Kuyt
Arsenal
Cesc Fabregas
Robin van Persie
Kolo Toure
Mathieu Flamini
Theo Walcott
Spurs
Pascal Chimbonda
Jermaine Defoe
Mido
Michael Dawson
The days of powerhouse squads built through homegrown talent in the youth system, the base of Man U's dominant teams in the 90s, are gone. Free agency, via transfers, reigns as supreme in soccer as any sport.
Take care,
PK

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