Ajax was a very great academy club and still is to a point. I think that their CL win back in the days was so unbelievable because the majority of this team came from its own academy. With BVB I think that they have a very good scouting department that can spot very good players and sell them for profit. This is a good business model to get up there.
RE: The first financier of Bayern and the giants of Portugal.. clubs that specialize in producing stars