Two sides of the English football club Manchester City were on display last weekend. On Friday, the club announced record revenue of £715 million and sustained profitability of £73.8 million, confirming once again the club’s status as a global sports powerhouse. On Sunday, City slipped from 1-0 up against Manchester United to 2-1 down in the final minutes of a tense derby match at the Etihad Stadium, the latest in a string of unexpected defeats for the champions.
Being beaten by your local rivals usually stings more than most. Losing because of historically uncharacteristic, misplaced passes and defensive errors hurts even more, especially in the context of a seemingly unprecedented stumble for the four-in-a-row Premier League title winners, who were tipped last summer to win again but now look a long way from reaching that goal.
Sunday marks a year since City wrapped up a short visit to Saudi Arabia by cruising to 4-0 victory over Fluminense in the Fifa Club World Cup final to become world champions. By the time that anniversary ticks around, the side’s current run of eight defeats in 11 matches may have become even worse. City travel to Birmingham on Saturday to take on Aston Villa, who sit two points and two places behind their visitors.
Being beaten by your local rivals usually stings more than most. Losing because of historically uncharacteristic, misplaced passes and defensive errors hurts even more
The Manchester side have averaged 0.57 points per league game since the start of November, putting them on par with bottom of the table Southampton. This is a rare moment when on- and off-field success are not in lockstep.
The champion’s sudden decline has precipitated a steady stream of commentary from analysts, fans and players. After Sunday’s match TV pundit Gary Neville noted that “these City players have won [multiple] Premier League titles – they’ve kept going, they’ve been so consistent, so reliable … they’ve grown together and [now] hit a wall together.”
Neither the playing staff nor their manager have been especially benevolent in their assessments.
Ilkay Gundogan, who played a starring role in City’s march to an historic treble of trophies only 18 months ago, had earlier referred to the side “always doing the wrong things” in games this season, while Bernardo Silva said the squad needed to “look at themselves”. Pep Guardiola said after that derby day defeat that “I’m the manager, I have to find solutions, but I don’t find solutions.”
Despite the overt pessimism of that statement, Guardiola is widely recognised as one of sport’s greatest ever innovators, constantly producing tactical tweaks and new formations to counter opponents, win games and claim titles.
Some long-term Manchester City fans, myself included, might remind others that the club’s late 20th century history is littered with worse dips in form than this and things really aren’t that bad right now. But it also may be the case that after year upon year of incredible achievements, City’s remarkable period of dominance is ending.
I’ve written before in these pages that history teaches us nothing about the relative shelf-life of sporting dominance, except, perhaps, that there are multiple examples of an unexpected and precipitous decline by a dominant club in the English game – Liverpool, Manchester United, Arsenal and Leeds offer four examples from the past 50 years. There are different reasons for decline in each of those cases, although it is also right to say that nothing lasts forever.
But it might be that this is a puzzle that organisational behaviourists and workplace anthropologists could solve. City’s transformation into their current state of underperformance has been a process not an event, despite their results seeming to drop off without apparent warning at the end of October.
The compounding effect of injuries to several important or irreplaceable players – notably Ballon d’Or winner Rodri – combined with key players losing form and showing fatigue simultaneously or “hitting a wall” as Gary Neville said, have triggered the current crisis. This offers a powerful reminder that workplace culture is never static and requires constant tending.
So how would you fix the team’s current problems? Typically, it would require several pieces of the puzzle to be examined.
Certainly, City will have to innovate again to restore their competitiveness. Over time, opponents have become more familiar with patterns of play and the way squad members are deployed on the pitch.
Shorn of squad depth by injury, suspension and circumstance, City have spent the autumn fixing problems with short-term solutions. Only when more players return from the treatment room can better assessments be made about the need for replacements, although the social media clamour for major investment in the squad has reached a crescendo and shows no sign of abating.
In the case of the derby defeat, City seemed focused on the result more than the performance, perhaps understandably after a sequence of losses, but both facets will need to be back in balance to correct the current course.
City have been slow starters in several games this year, another symbol of an accrual of fatigue, which has not typically been the case in their pomp.
The post-match comments by various players show humility, realism and a team ethic. While you could isolate certain quotes to disprove the last of those values, the squad exhibits clear understanding of what is required.
The caveat to that is that recognition is one thing, action is another – but who would genuinely back against Guardiola finding the right way out of this slump? Despite the low cadence of the team’s recent performances, the City manager is a natural and proven problem-solver.
JOKE'S%20ON%20YOU
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Company%20Profile
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
ESSENTIALS
The flights
Emirates flies direct from Dubai to Rio de Janeiro from Dh7,000 return including taxes. Avianca fliles from Rio to Cusco via Lima from $399 (Dhxx) return including taxes.
The trip
From US$1,830 per deluxe cabin, twin share, for the one-night Spirit of the Water itinerary and US$4,630 per deluxe cabin for the Peruvian Highlands itinerary, inclusive of meals, and beverages. Surcharges apply for some excursions.
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Spare
Profile
Company name: Spare
Started: March 2018
Co-founders: Dalal Alrayes and Saurabh Shah
Based: UAE
Sector: FinTech
Investment: Own savings. Going for first round of fund-raising in March 2019
Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi
Yadoo’s House Restaurant & Cafe
For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.
Golden Dallah
For the cappuccino, luqaimat and aseeda.
Al Mrzab Restaurant
For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.
Al Derwaza
For the fish hubul, regag bread, biryani and special seafood soup.
57%20Seconds
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How%20to%20avoid%20getting%20scammed
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Top%2010%20most%20competitive%20economies
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BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
UAE rugby in numbers
5 - Year sponsorship deal between Hesco and Jebel Ali Dragons
700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams
Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams
Dh1.8m - Dubai Hurricanes' overall budget for next season
Dh2.8m - Dubai Exiles’ overall budget for next season
Heavily-sugared soft drinks slip through the tax net
Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.
Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.
A 680ml can of Arizona Iced Tea costs just Dh6.
Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.
Mohammed bin Zayed Majlis
Green ambitions
- Trees: 1,500 to be planted, replacing 300 felled ones, with veteran oaks protected
- Lake: Brown's centrepiece to be cleaned of silt that makes it as shallow as 2.5cm
- Biodiversity: Bat cave to be added and habitats designed for kingfishers and little grebes
- Flood risk: Longer grass, deeper lake, restored ponds and absorbent paths all meant to siphon off water
Killing of Qassem Suleimani
Arctic Monkeys
Tranquillity Base Hotel Casino (Domino)
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.”
'Will%20of%20the%20People'
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ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
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MATCH INFO
Uefa Champions League semi-final:
First leg: Liverpool 5 Roma 2
Second leg: Wednesday, May 2, Stadio Olimpico, Rome
TV: BeIN Sports, 10.45pm (UAE)
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
A list of the animal rescue organisations in the UAE
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Strait of Hormuz
Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.
The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.
Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.
Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.
UAE cricketers abroad
Sid Jhurani is not the first cricketer from the UAE to go to the UK to try his luck.
Rameez Shahzad Played alongside Ben Stokes and Liam Plunkett in Durham while he was studying there. He also played club cricket as an overseas professional, but his time in the UK stunted his UAE career. The batsman went a decade without playing for the national team.
Yodhin Punja The seam bowler was named in the UAE’s extended World Cup squad in 2015 despite being just 15 at the time. He made his senior UAE debut aged 16, and subsequently took up a scholarship at Claremont High School in the south of England.
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
Mohammed bin Zayed Majlis