I believe the training facilities are the important one, as I don't think I've ever seen a feeder club move a loanee to the youth squad. Ideally you want a club that will do well at its level too, so your player gets successful playing time. The perfect scenario would probably be a club that consistently placed in the top third or better, and yet doesn't promote into a league too good for the players you want to send there. Hard to get that specific of course =)
You can prompt your board into offering you the club of your choice by befriending the manager of that club.
This is FM10 but I don't see why it shouldn't work on FM11/12. In the above example I didn't even ask for Shrewsbury specifically, it was offered to me in a list of four possibilities, but as you can see the friendship made it happen. (notice the game's deliberate mistake! I am the manager of Crewe.)
Be sure to do your research thoroughly, and don't choose a club that already has a Parent club, then make friends with the manager before asking your board for a feeder club. When prompted ask for any type of feeder.
Last edited by pigfacemonkeyman; 21-06-2012 at 01:34.