Chelsea just paid $3 million for a 15-year-old in Texas who can't legally play for them until 2029. FIFA bans international transfers of minors, so Europe's richest clubs built a workaround: a futures market for teenagers.
Here's the structure. Chelsea pays FC Dallas now. Benji Flowers signs a first-team deal in Dallas and keeps developing there. The transfer executes automatically when he turns 18. Add-ons tied to his MLS minutes and US youth national team milestones can push the fee to $10 million, and Dallas keeps a sell-on clause. That's a call option with performance-based strike escalators, written on a kid who hasn't played an MLS minute.
Chelsea ran the same play with Kendry Paez in Ecuador at 16. Manchester City did it with Cavan Sullivan in Philadelphia at 14, a deal worth up to $5 million.
The repricing of American teenagers is the wildest part. In 2016, Weston McKennie walked from the FC Dallas academy to Schalke for nothing. In 2022, Dallas sold Ricardo Pepi to Augsburg for $20 million. Now a 15-year-old commands up to $10 million before his league debut.
The math explains everything. Chelsea paid $73 million for Christian Pulisic at 20, after Dortmund captured all the appreciation. Buying the option at 15 costs about 5 to 15 percent of buying the finished player. Most of these bets miss. One Pulisic pays for a decade of misses.
Ten years ago American teenagers left for free. Now they trade like call options.
DRIVE was released 15 years ago today.
Drive was originally a conventional action thriller with Hugh Jackman attached. Ryan Gosling brought in Nicolas Winding Refn, and together they reinvented it as the stylish neo-noir that became a modern classic.
Jeremy Irons spends most of Margin Call (2011) off-screen, which only makes his entrance hit harder. The second he walks into that late-night meeting, the movie feels like it belongs to him. Every line lands like a decision everyone else has to live with.
🏴🇮🇹❤️ This is incredible! 4th division English side Grimsby Town released their new away kit which is inspired by Italian culture and the video is superb. 🤌
In 1996, Grimsby and Milan had almost identical kits, so they decided to bring it back. 👕
Jason Segel says his mom found out about his full-frontal scene while sitting next to him at the premiere
"I thought it would be one of the great practical jokes not to tell my parents that I did full frontal nudity in Forgetting Sarah Marshall and then take them to the premiere"
"Within five minutes into the movie, my dick comes out, and I turned to my mom expecting her to be laughing hysterically"
"Her face is beet red and there’s a tear coming down her face. She said, why didn’t you tell me? I said, I thought it would be a funny joke. She said, it’s not a funny joke"
"That night she sent out an email to the entire family that said, Jason has chosen to do full frontal nudity. However, it is not gratuitous and essential to the plot"