+1
I would like to know of the different ways teams approached it as I'm sure there are multiple ways. So, different posts by different teams might also be useful.
Personally, as a team that is 'Australian' players only...I have entertained the idea (still do) of converting my team to a homegrown one. I understand it would take 5 to 10 seasons (in my estimate) to do it well and compete at a high level. I'd be happy to begin such a long-term enterprise, but I'd want to hear multiple ways to do it first.
Hopefully some of the HG teams will oblige my request :D
Well, I'll join the club as I'd like to hear more too. It's a very good idea/reminder that whoever decides to write such post/posts, previous success as a HG team is not a demand for doing that. It might be good to include a short description about previous experience (and possible success) as a HG team, so that everyone would get most out of it/could understand better from what background this post comes from. I know there are few very successful HG teams, and probably they've wrote something about this already, but I can't recall seeing such "guide" written about becoming a HG team. And it's very understandable that you'd like to read about experiences first before jumping to deep end - which I think is still not a bad option either, if one has enough cash to survive in lower division for enough time to get promoted (back) to the upper division.
I hope you keep on entertaining that idea, and that it becomes reality some day soon! I haven't checked out your roster (age structure and/or which of Australian players are your own draftees), and I guess that'd also affect how long it'd take for your team to be able to compete at high level. Other thing that's also a bit relative term as it changes from manager to manager and therefore needs probably to be defined, is competing at high level... :D
Just out of curiosity - would you be possibly interested in participating BBHG league with your main team? This has been discussed in previous posts (I don't know what kind of/if discussion about this has been taken place in discord), but as for now I (and many others) would rather see only main teams playing in BBHG league as that's more within the original spirit/definition of a homegrown team. (In previous posts, if you haven't read them, a separate league for Utopian BBHG teams has been proposed though as one solution if there are enough interested participants in the future and if someone wants to govern/be a league commissioner for such Utopian based league. As for now though, I hope to see teams interested in participating with their main team).