The Roma coach Lucianno Spalletti is one of a number of big-name managers around Europe who are under pressure following poor results.
The Roma coach Lucianno Spalletti is one of a number of big-name managers around Europe who are under pressure following poor results.
The Roma coach Lucianno Spalletti is one of a number of big-name managers around Europe who are under pressure following poor results.
The Roma coach Lucianno Spalletti is one of a number of big-name managers around Europe who are under pressure following poor results.

An ill wind blows through Europe


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As the leaves start to fall and autumn begins to bedeck much of Europe, the cold light of day has exposed a plague running through the game's crispier coaches. It appears to be a plague on all their houses. We have only skimmed over the early moments of October, but some momentous and wonderful faces may already be entering the autumn of their careers in management. Time and tide wait for no man, or it seems no angst-ridden manager.

At the age of 70, the venerable and checkered Luis Aragones, a coach who oversaw Spain's elevation to the European championship in July, looks to be frail in his role in running the Turkish club Fenerbahce. The same could be said of the Bayern Munich coach Jurgen Klinsmann, Tottenham's much-maligned Juande Ramos and Luciano Spalletti of AS Roma. In the quicksand of the management game, these individuals are up to their knees in it.

The timing of a break in the sport's calendar for international football this week enables hoary old club chairmen, that yesterday included the feted former Germany striker Karl-Heinz Rummenigge, to pause, reflect and even gather breath. But their musings and talk of support in troubled times represents a short rain delay amid the gathering storm. Wintery months lie ahead, and a harshness is already descending. It is somewhat easy to trot out cliches in sporting jargon, but it must be said that it is more fruitful to be a lucky coach than a good one. Aragones, it seems, shelled out his wad of good fortune in squeezing out Italy on penalties to progress to the semi-finals of Euro 2008.

He also bet on the club game rather than opting to continue with Spain. So far, he has come up short in Istanbul. Fenerbahce are 12th in Turkey and have gathered only a solitary point from their two games in the Champions League. It is generally regarded as the club's worst start to a season. Players such as the former Brazil defender Roberto Carlos were yesterday emerging from the bleakness to defend the ailing figurehead, but it was perhaps what was not said that proved the most telling commentary on a barmy three months that has allowed Aragones to slip from a heroic figure to the harangued.

The Spain forward Dani Guiza was signed from Real Mallorca in the close season, but he appears to have already entered some kind of period of mourning. "I'll take it very badly if he's sacked," he said. "As for the rest of the squad, I really couldn't say." The Bosporus is not a good place to be a sitting duck, but others are fighting to stay afloat. In Rome, a baldy and frothy Spalletti is trying to make sense of some hairy times for his club.

All the rage in such a scenario is the vote of confidence, but the Roma president Rosella Sensi has surpassed herself by promising a cull of anyone who deals in misplaced talk about the head coach. Roma lost out on the Serie A title to Inter Milan on the final day of last season, but have mustered only two wins from six games this season. A 1-0 defeat to Siena last Sunday has not irrevocably damaged the manager, despite his side occupying a languid 14th place in Italy's prime division.

"If I find out that someone is rowing against Spalletti, I would intervene decisively and I would send them away from Roma," commented Sensi. Roma's home defeat to Cluj in the Champions League continues to be memorable, for all the wrong reasons, but Bayern Munich find solace from preserving top place in Group F ahead of Fiorentina and Lyon. The Bayern chairman Rummenigge feels his side can make up a shortfall of points under Klinsmann that has left them seven points behind the German league leaders Hamburg.

Bayern lost a 3-1 lead in a 3-3 draw with Bochum last weekend. Tottenham fans must continue to hanker after better times, days when Klinsmann led their front line under the management of Terry Venables. They might even wish for the return of Venables, which is hardly preposterous after his links to the Newcastle United position. Klinsmann used to drive a second-hand car around London during his time playing for Spurs to avoid attention, but there seems nothing the disaster-struck Spanish coach Ramos can do to avoid adverse publicity. He has recently started to speak English in press conferences, but his communication with his players is under the most scrutiny.

The Tottenham sporting director Damien Comolli commands transfer policy at White Hart Lane and continues to have a belief in a coach who was brought in to replace Martin Jol after his unsatisfactory opening to last season. Tottenham have only two points from seven Premier League games. They are bottom of the league. They can only go up, but there is a fear that they will not be good enough to escape the status quo.

"The only thing I can say is that everyone at the club, the staff and the players, are working very hard to turn things around and to bring positive results," said Comoli. With every passing defeat, frazzled historians have to delve further into the record books to clarify the extent of the club's malaise. Hull's 1-0 win at White Hart Lane has been confirmed as the their worst start to a league season since 1912. That was a year in which the Suffragettes went on the rampage in London's West End and the Titantic sunk on her maiden voyage.

For all his good intentions, Ramos is facing sinking and drowning. @Email:dkane@thenational.ae

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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How much sugar is in chocolate Easter eggs?
  • The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
  • The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
  • The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
  • The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
  • The Cadbury Creme Egg contains 26g of sugar per 40g egg
Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

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.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Dubai World Cup nominations

UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer

USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.

Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million