With Jose Mourinho, subplots are inevitable. He so often looks to manipulate the perception of an event to his advantage that it is assumed he is always up to something, that nothing he says is quite as it seems.
That is what makes the events of the past week so fascinating.
Mourinho was at his Machiavellian worst on Saturday, hinting darkly at conspiracies against him. No matter that the one major decision Mike Dean obviously got wrong was his failure to send off Ramires for an elbow on Sebastian Larsson. In Mourinho’s telling, a referee’s plot was afoot because Chelsea had a decent penalty turned down in the first half and because Sunderland got a late penalty for a slightly odd challenge from Cesar Azpilicueta, in which his trailing leg caught Jozy Altidore’s standing leg.
Mourinho is not the only one who does this – although the way he still harps on about Luis Garcia’s “ghost goal” for Liverpool in the Uefa Champions League semi-final without mentioning the red card to Petr Cech and the penalty that would have ensued had the goal not been given, suggests he harbours grudges longer than most.
It is a deeply unpleasant and worrying trend. Fans happily buy into the confection, and the result is often that the combination of a manager’s moan and an outpouring on social media creates a myth of controversy where none existed.
That is a major problem for the game, because the coverage of a manager’s complaint and the scale of the Twitter fury will be greater depending on the size of the club involved, generating the impression that big clubs are fighting the bias of referees when, in fact, all evidence suggests the opposite is true.
Sunderland won a perfectly understandable penalty at Chelsea that has generated reams of comment and will always be looked at as a questionable decision because of that comment. The fact they were denied a clear penalty at home against West Ham United when Kevin Nolan punched the ball out of the box is already almost forgotten.
It also is a problem because, by crying wolf every time a decision goes against their sides, managers risk obscuring genuine grievances. Paradoxically, by hinting at conspiracies, they are creating an environment in which conspiracies could exist.
When Roy Keane was Sunderland’s manager he had a rule he pretty much stuck to of criticising referees only when he could not understand how they had got a decision wrong.
One incident came during a home defeat to Everton when Andy Johnson leapt to meet a cross, missed his header and the ball went in off his arm. Replays showed a clear handball, but Keane did not complain because he admitted that to him, as to most people in the ground, it had looked a clean header on first viewing.
Football would be healthier if others followed that example.
Mourinho’s mock congratulation of the officials was part of a more protracted sulk. Over the past month he has regularly sent his assistant, Steve Holland, to perform news conferences in his place. The Portuguese has complained about the lack of “real forwards” in his squad and – put out by having to play a key league game between the two legs of a Champions League semi-final – he has threatened to play a weakened team against Liverpool tomorrow.
Such graceless antics have been a feature of his career, but they usually come when Mourinho is reaching the end of his stint at a club.
Given how trigger-happy Roman Abramovich can be, it is reasonable to suggest that a manager other than Mourinho might think his job was on the line in Wednesday’s Uefa Champions League semi-final second leg. Never before has Abramovich not dismissed a manager who has failed to win the league after a full season in charge.
Because of his record, Mourinho is probably safe, but given how much he clearly wanted the Manchester United job and given that it is vacant, he may not be too bothered even if his Chelsea job is at risk.
All of which creates the distant but deliciously possible narrative of Chelsea driving Mourinho into the hands of United. Delicious for everybody apart from Juan Mata, that is.
sports@thenational.ae
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2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Read more from Aya Iskandarani
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
SERIE A FIXTURES
Friday Sassuolo v Benevento (Kick-off 11.45pm)
Saturday Crotone v Spezia (6pm), Torino v Udinese (9pm), Lazio v Verona (11.45pm)
Sunday Cagliari v Inter Milan (3.30pm), Atalanta v Fiorentina (6pm), Napoli v Sampdoria (6pm), Bologna v Roma (6pm), Genoa v Juventus (9pm), AC Milan v Parma (11.45pm)
Mohammed bin Zayed Majlis
Straightforward ways to reduce sugar in your family's diet
- Ban fruit juice and sodas
- Eat a hearty breakfast that contains fats and wholegrains, such as peanut butter on multigrain toast or full-fat plain yoghurt with whole fruit and nuts, to avoid the need for a 10am snack
- Give young children plain yoghurt with whole fruits mashed into it
- Reduce the number of cakes, biscuits and sweets. Reserve them for a treat
- Don’t eat dessert every day
- Make your own smoothies. Always use the whole fruit to maintain the benefit of its fibre content and don’t add any sweeteners
- Always go for natural whole foods over processed, packaged foods. Ask yourself would your grandmother have eaten it?
- Read food labels if you really do feel the need to buy processed food
- Eat everything in moderation
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.