He was supposed to be the Chelsea Jack Wilshere, the slick left-footed passer who would herald a new generation of English midfielders at the 2014 World Cup.
He was also going to be the precocious anomaly, the first homegrown player to establish himself in the Chelsea side in the Abramovich era.
Or maybe not.
Josh McEachran does not represent the future any more; rather his supposed greatness seems a fantasy.
He may finally get first-team football at a west London club next season but it will be Brentford, who are set to sign him, to bring to an end a 15-year association with Chelsea.
It will bring a definitive end at Stamford Bridge for one who has been a great hope, fringe figure and forgotten man. He debuted at 17 and will be gone at 22.
McEachran’s tale represents a salutary warning to those making bold predictions and also to young players and to clubs who imagine that investing in academies represents a guarantee of players progressing to the highest levels.
There is a sense that emerging English talents can be overhyped. McEachran certainly was; ludicrously, he was compared to Andrea Pirlo and Liam Brady.
Perhaps Stamford Bridge was not the right place for him.
Carlo Ancelotti was the only Chelsea manager to truly champion the midfielder and he was rarely trusted at a club where short-termism has tended to rule; even expensive imports, such as Romelu Lukaku, were not given extended runs in the team at a tender age.
Read more: Jody Morris, Nathaniel Chalobah and other former Chelsea players who now shine for other clubs
Nevertheless, it is notable that while Jose Mourinho is promising to give youth a chance, his attention is focused on teenagers.
They seem the future, just as McEachran did once. Instead his Chelsea career consisted of a dispiriting sequence of loan spells, which highlighted his limitations.
Brendan Rodgers’s Swansea City had the passing ethos to suggest McEachran would be ideally suited to them but he made only a solitary league start. He was reportedly deemed too slow.
When he went to Middlesbrough, he was outshone by Grant Leadbitter, another skilled distributor but one with more bite in the tackle and a greater eye for goal.
McEachran’s meekness, his capacity to be neat and tidy without offering invention or incision, was a microcosm of a greater shift, from street footballers to academy products.
In that sense McEachran is very much a 21st-century footballer.
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An earlier generation, such as Steven Gerrard and Wayne Rooney, had rough edges and cared little about pass completion rates but were imbued with a determination to personally make a difference.
In contrast, McEachran has never scored a senior goal – like Tom Cleverley, whose inability to decide games brought criticism in his Manchester United career, he never appeared the catalyst.
Elite clubs tend to either require players with defining attributes or who are excellent all-round performers and McEachran has ticked neither box.
He is part of a changing dynamic in the English game in another respect.
In a warning Raheem Sterling ignored, Gerrard talked of young players wanting too much too soon and Danny Higginbotham, in his autobiography Rise Of The Underdog, spoke of money proving a corrosive factor.
“Where it’s gone wrong is with the 17 and 18-year-olds,” he wrote. “They’re getting ridiculous money. They get a big contract because they’re progressing well but they haven’t made the first team yet. A four-year contract takes them up to 22. I’m not saying they all do it, but many take their foot off the gas. It’s the best contract they are ever going to have. At 22, when they have stagnated and drop down the leagues, they take a massive pay cut and get a reality check.”
Higginbotham did not mention anyone by name and it may be entirely coincidental, but McEachran signed a contract reputedly worth £1.5 million a year at 18, when he started dating a soap star.
At 22, he will drop down the leagues, no doubt with a pay cut and presumably to receive a reality check.
Rather than emulating Brady or Pirlo, he will compete with Jonathan Douglas for a place in the Brentford midfield.
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550 tonnes of moulded steel were raised last year to cap the dome
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Financing stage: Seed round (raised $2 million)
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Three-and-a-half stars
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T20 World Cup Qualifier
Final: Netherlands beat PNG by seven wickets
Qualified teams
1. Netherlands
2. PNG
3. Ireland
4. Namibia
5. Scotland
6. Oman
T20 World Cup 2020, Australia
Group A: Sri Lanka, PNG, Ireland, Oman
Group B: Bangladesh, Netherlands, Namibia, Scotland
The results of the first round are as follows:
Qais Saied (Independent): 18.4 per cent
Nabil Karoui (Qalb Tounes): 15.58 per cent
Abdelfattah Mourou (Ennahdha party): 12.88 per cent
Abdelkarim Zbidi (two-time defence minister backed by Nidaa Tounes party): 10.7 per cent
Youssef Chahed (former prime minister, leader of Long Live Tunisia): 7.3 per cent
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Four reasons global stock markets are falling right now
There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:
1. Rising US interest rates
The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.
Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”
At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.
2. Stronger dollar
High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.”
3. Global trade war
Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”
4. Eurozone uncertainty
Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.
Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”
The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”
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