Jordan Henderson celebrates with teammates after scoring Liverpool's winning goal against AC Milan at Anfield. AP
Jordan Henderson celebrates with teammates after scoring Liverpool's winning goal against AC Milan at Anfield. AP
Jordan Henderson celebrates with teammates after scoring Liverpool's winning goal against AC Milan at Anfield. AP
Jordan Henderson celebrates with teammates after scoring Liverpool's winning goal against AC Milan at Anfield. AP

Jurgen Klopp: Liverpool 'lost the plot' before thrilling comeback win over AC Milan


Soraya Ebrahimi
  • English
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Liverpool manager Jurgen Klopp admits his side "lost the plot" in a thrilling Champions League opener against AC Milan, but he was happy with the 3-2 victory.

The hosts looked like they would cruise to victory when they were awarded a 14th-minute penalty that would have added to Trent Alexander-Arnold's shot that deflected in off Fikayo Tomori.

But Mohamed Salah missed from the spot for the first time in 18 attempts, dating back to Huddersfield in October 2017, and Ante Rebic and Brahim Diaz scored within two minutes of each other just before half-time.

Another comeback, although not as significant or as difficult as their 2005 Champions League final achievement from 3-0 down, against the Serie A side was required.

Salah provided the momentum with his 72nd goal in his 100th Anfield appearance. and Jordan Henderson's first goal in the competition for seven years clinched victory.

Asked if the game was everything he had hoped for, with a full crowd back in to see a European fixture for the first time since March 2020, Klopp said: "Nearly 100 per cent because it was a brilliant game.

"Very exciting and very entertaining, with 10 to 15 minutes where we lost a little bit of the plot or whatever and were not compact any more.

"We got carried away with our own football and complicated matters. They scored two goals and then we played again good football and scored two wonderful goals."

This was the first time outside of the two finals in 2005 and 2007 that the clubs had met.

While Rafael Benitez had to make significant changes in the dressing room of Istanbul's Ataturk Stadium more than 16 years ago, Klopp was satisfied with the way the game was going as he walked down the tunnel at the break.

"I wasn't angry at all. I cannot celebrate 30 minutes and then for 15 minutes be angry or whatever," he said.

"We saw the last five minutes [of the first half] coming so we tried to get the message across but we couldn't because of the outstanding atmosphere in the stadium.

"We lost the ball in the wrong moment. We started getting a bit complicated. If we are not organised then they just pass the ball through the gap.

"I was waiting for half-time and we could sort it and we didn't have that problem any more."

Milan coach Stefano Pioli was disappointed not to have got more from the game but admits his side, playing in the competition for the first time in seven years, were not up to the level of the 2019 champions.

"We played a really tough opponent and we put in a huge effort right to the end," Pioli said.

"It is pretty indicative of the level we have achieved so far. Liverpool are at a high level but we are not quite there yet.

"We were very good after the first 25 minutes. When we found ourselves having a tough time, we went into the lead and were a couple of inches away from going 3-1 up, and that might have taken things away from Liverpool.

"It is a shame we got caught out with that set piece towards the end."

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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.”

How to protect yourself when air quality drops

Install an air filter in your home.

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Updated: September 16, 2021, 5:10 AM