Eddie Howe accepted responsibility for Newcastle United crashing out of Europe after a Europa League place slipped from their grasp as they tried to secure a Champions League berth.
A 2-1 defeat at home to AC Milan on Wednesday meant Newcastle finished bottom of Group F. More infuriating for the Premier League club was that they had one foot in the last 16 of the Champions League, then looked destined for the lesser Europa League only to end up empty-handed.
With the score level at 1-1 going into the final minutes after Christian Pulisic had cancelled out Joelinton's effort, the Magpies' place in the Europa League at least had looked assured with Paris Saint-Germain having secured second place behind group winners Borussia Dortmund after a 1-1 draw in Germany, but substitute Samuel Chukwueze’s late strike ensured it was the Serie A side who claimed it instead.
Asked if they might have played for a draw as time ran down, Howe said: “We wanted to qualify for the Champions League for sure. That was very much our intention before the game and in-game.
“I’m not sure in that moment you can take that will away from the players. If you look at the goals we’ve conceded, they’ve come from mistakes that can happen in any moment whether you are being proactive or reactive.
“Of course I take ownership of that, but I’d much rather have the intention to go and attack and to try to win rather than the other way round.”
Joelinton’s 33rd-minute piledriver had put Newcastle in the driving seat and their position improved further when Dortmund went ahead, but PSG levelled minutes later and crucially, so did the Italians through Pulisic.
Goalkeeper Mike Maignan managed to turn a goal-bound Bruno Guimaraes shot on to his crossbar as the Premier League side sought the victory which would have kept them in the competition, but Chukwueze’s late intervention amid a chaotic conclusion proved decisive.
Howe said: “We’re desperately disappointed. It’s tough to take at the moment. The lads played very well in that first half and I thought we were good value.
“I was hoping the goal would come earlier than it did. Second half, we wanted to try to consolidate that and look for the second goal.
“I was really disappointed with the first goal we conceded because I think that is the key moment. We didn’t deal with a second-phase set-play well enough – it was an uncharacteristic goal, really, for us to concede and then the game became very transitional.
“It was end-to-end from both teams, both teams looking to win, and we conceded on one of those transitions.”
For opposite number Stefano Pioli, who headed into the game at St James’ Park under pressure and with former striker Zlatan Ibrahimovic having been drafted in as a senior adviser, there were mixed feelings.
Pioli said: “We definitely wanted to continue our path in the Champions League and that is very difficult. It was a bittersweet evening.
“What we could do this evening we did. Of course we’re disappointed about the Champions League and we regret it. Clearly we’re disappointed, but we also have the conviction that we’re a team that can do well.”
Meatless Days
Sara Suleri, with an introduction by Kamila Shamsie
Penguin
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
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Match info:
Real Betis v Sevilla, 10.45pm (UAE)
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more from Janine di Giovanni
Tax authority targets shisha levy evasion
The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.
Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".
The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.
He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.
"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.
As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.
the pledge
I pledge to uphold the duty of tolerance
I pledge to take a first stand against hate and injustice
I pledge to respect and accept people whose abilities, beliefs and culture are different from my own
I pledge to wish for others what I wish for myself
I pledge to live in harmony with my community
I pledge to always be open to dialogue and forgiveness
I pledge to do my part to create peace for all
I pledge to exercise benevolence and choose kindness in all my dealings with my community
I pledge to always stand up for these values: Zayed's values for tolerance and human fraternity
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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The%20Iron%20Claw
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Fanney Khan
Producer: T-Series, Anil Kapoor Productions, ROMP, Prerna Arora
Director: Atul Manjrekar
Cast: Anil Kapoor, Aishwarya Rai, Rajkummar Rao, Pihu Sand
Rating: 2/5
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.”