It means that FV have packed in having a reserve team /U23's and presumably the end for the old guard and McGinlay's buddies Lee and Philips.
Fwiw I've mentioned for years that the academy must have been losing the club millions, it's biggest success being Clough to Forest (and in retrospect that was a very bad buy from Forest) and that I couldn't see the point of it unless we were required to have one somehow - clearly not it now seems.
Whether the scraping of it now is a FV's cost cutting exercise or part of the 'masterplan' is anyone's guess.
From a practical point of view, if we have no U23's anymore and we are under an embargo for squad places next year (23/24 or something like that?) then we won't have any wriggle room if and when players get injured, suspended, off form, worn out, etc, etc, etc - as they will.
I think our stay in division four is going to be much longer than the immediate promotion back that many seem to believe it will.
There as seemed to be an agenda from Hill against the academy and the 'quality' (is that the right word?) that they've been producing - maybe he's been in the know about this from the start?
Maybe the penny has dropped that for clubs like ours, even if we do unearth some occasional gems, that they tend to walk away for free/very little, such as Mooy from a few years back and Luca Connell to Celtic for buttons at the start of the season.
Seems if the gossip is true that Darcey wants more money than we can afford to sign professional with us - hence why he hasn't been playing.
My first thoughts for what they are worth is that it does seem the way things are going for clubs looking to financially sustain themselves (rather than the owners subsidise losses as per the norm now).
I think it is signalling the end for now of any ambition to 'buy' our way up the leagues but rather try to build teams from scratch and sell anyone who turns out to be any good to Championship level clubs - with every sale 'snaking' us back down the league table's following the 'ladders' we've just had to clime to get that far in the first place.
That being the case then do we really need a close on 30,000 capacity stadium and the costs involved for sub 10,000 crowds and the income they will generate???