Thomas Tuchel has warned that Chelsea have to be wary of Real Madrid’s ability to rouse themselves and produce special performances when it matters most.
Chelsea are the reigning Champions League winners after eliminating Real in the semi-finals last year but while the Spanish league leaders are the competition’s most successful club, lifting the European Cup a record 13 times, the German has paid most attention to their recent record.
Tuchel’s team are bidding to become just the second team to retain the Champions League in the last three decades after Real, who won it in 2016, 2017 and 2018.
While some pillars of that team, including Cristiano Ronaldo and Sergio Ramos, are long gone, others remain, such as Karim Benzema, Luka Modric, Toni Kroos and Casemiro. Tuchel believes that big-game experience matters more than their defeat to Chelsea in 2021.
“I think this has nothing to do with last season's game,” he said. “They won it three times [in a row] and this competition is unbelievably hard to win. They trusted a similar squad in a long period of time which is impressive.
“It is normal that cycles like this change at times in terms of a winning streak but we should be very aware that teams with this kind of experience, flair and quality can produce special performances and special occasions.”
Real Madrid’s former Chelsea manager Carlo Ancelotti may miss the game after testing positive for coronavirus and Tuchel said: “I'm pretty sure he can do the team talk and be in charge of players. But it's always nicer to be there and have direct influence. I personally hope he makes it.”
Chelsea had been in fine form until suffering a shock 4-1 defeat to their neighbours Brentford on Saturday but winger Christian Pulisic, who scored against Real in the semi-final last year, thinks that could galvanise them.
“The game at the weekend was a tough one but maybe it was the kick we needed,” he said. “I think the guys are going to turn it around. It was a crazy result and it is not the time to panic.
Chelsea 1 Brentford 4: player ratings
“We got good results against them [Real] last year and hope to do so this year. Knowing we have done it last year, we should feel confident and that is our mindset.”
Pulisic praised his teammates for the way they have coped with the uncertainty surrounding Chelsea’s future, with the club up for sale after owner Roman Abramovich was sanctioned by the British government for his links to Vladimir Putin.
“I think the guys have done really well to deal with it,” he said. “You can see when everything was going on, the way the guys reacted and continued to get result after result.”
While Pulisic stressed he is happy at Stamford Bridge, defender Andreas Christensen, who is out of contract in the summer, has reportedly agreed to join Barcelona.
Tuchel, who said the Dane was omitted against Brentford because of a tactical decision to play with a back four, told him he should stay and ought to be grateful to Chelsea for their role in his development.
“He is in exactly the right place and he should continue his journey at this club to become the defender he can be and the personality and figure he wants to be,” he added. “In my opinion he should not forget where he gave from and he who gave him his education.
Tuchel could recall Christensen, explaining: “It is very clear when I had conversations with him, the bottom line is as long as you are my player I expect him to be 100 per cent committed and nothing less. It is what we expect and what we have experienced.”
Real Madrid 3 PSG 1: player ratings
Al Jazira's foreign quartet for 2017/18
Romarinho, Brazil
Lassana Diarra, France
Sardor Rashidov, Uzbekistan
Mbark Boussoufa, Morocco
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The major Hashd factions linked to Iran:
Badr Organisation: Seen as the most militarily capable faction in the Hashd. Iraqi Shiite exiles opposed to Saddam Hussein set up the group in Tehran in the early 1980s as the Badr Corps under the supervision of the Iran Revolutionary Guards Corps (IRGC). The militia exalts Iran’s Supreme Leader Ali Khamenei but intermittently cooperated with the US military.
Saraya Al Salam (Peace Brigade): Comprised of former members of the officially defunct Mahdi Army, a militia that was commanded by Iraqi cleric Moqtada Al Sadr and fought US and Iraqi government and other forces between 2004 and 2008. As part of a political overhaul aimed as casting Mr Al Sadr as a more nationalist and less sectarian figure, the cleric formed Saraya Al Salam in 2014. The group’s relations with Iran has been volatile.
Kataeb Hezbollah: The group, which is fighting on behalf of the Bashar Al Assad government in Syria, traces its origins to attacks on US forces in Iraq in 2004 and adopts a tough stance against Washington, calling the United States “the enemy of humanity”.
Asaeb Ahl Al Haq: An offshoot of the Mahdi Army active in Syria. Asaeb Ahl Al Haq’s leader Qais al Khazali was a student of Mr Al Moqtada’s late father Mohammed Sadeq Al Sadr, a prominent Shiite cleric who was killed during Saddam Hussein’s rule.
Harakat Hezbollah Al Nujaba: Formed in 2013 to fight alongside Mr Al Assad’s loyalists in Syria before joining the Hashd. The group is seen as among the most ideological and sectarian-driven Hashd militias in Syria and is the major recruiter of foreign fighters to Syria.
Saraya Al Khorasani: The ICRG formed Saraya Al Khorasani in the mid-1990s and the group is seen as the most ideologically attached to Iran among Tehran’s satellites in Iraq.
(Source: The Wilson Centre, the International Centre for the Study of Radicalisation)
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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.”
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UAE currency: the story behind the money in your pockets
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Day 2, Dubai Test: At a glance
Moment of the day Pakistan’s effort in the field had hints of shambles about it. The wheels were officially off when Wahab Riaz lost his run up and aborted the delivery four times in a row. He re-measured his run, jogged in for two practice goes. Then, when he was finally ready to go, he bailed out again. It was a total cringefest.
Stat of the day – 139.5 Yasir Shah has bowled 139.5 overs in three innings so far in this Test series. Judged by his returns, the workload has not withered him. He has 14 wickets so far, and became history’s first spinner to take five-wickets in an innings in five consecutive Tests. Not bad for someone whose fitness was in question before the series.
The verdict Stranger things have happened, but it is going to take something extraordinary for Pakistan to keep their undefeated record in Test series in the UAE in tact from this position. At least Shan Masood and Sami Aslam have made a positive start to the salvage effort.
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