Lee Myung-joo, centre, trains with his Al Ain teammates ahead of the Asian Champions League final first leg against South Korean club Jeonbuk Hyundai Motors. Courtesy Al Ain FC
Lee Myung-joo, centre, trains with his Al Ain teammates ahead of the Asian Champions League final first leg against South Korean club Jeonbuk Hyundai Motors. Courtesy Al Ain FC
Lee Myung-joo, centre, trains with his Al Ain teammates ahead of the Asian Champions League final first leg against South Korean club Jeonbuk Hyundai Motors. Courtesy Al Ain FC
Lee Myung-joo, centre, trains with his Al Ain teammates ahead of the Asian Champions League final first leg against South Korean club Jeonbuk Hyundai Motors. Courtesy Al Ain FC

Asian Champions League final: Al Ain’s Lee Myung-joo has one last covert operation before returning to Korea


John McAuley
  • English
  • Arabic

Lee Myung-joo is to return home to South Korea next summer, closing the book on three largely fruitful seasons at Al Ain, required to postpone his professional career and trade football club for country as he embarks on mandatory military service.

Yet the Al Ain midfielder is back in his homeland sooner than originally expected, taking on Jeonbuk Hyundai Motors at the Jeonju World Cup Stadium on Saturday in the first leg of the Asian Champions League final.

There, in front of more than 40,000 compatriots, Lee will seek to put club before country and serve his side so they gain a footing in the two-tie encounter.

Al Ain, the UAE’s only continental champions are bidding for a second Asian crown and a first in 13 years. It is a dream Al Ain have chased with increasing anguish since they defeated Thailand’s Tero Sasana in the 2003 final.

But, for Lee, it also provides the opportunity to give back to the club that in 2014 recruited the Korean league-and-cup winner from Pohang Steelers.

See also:

• First leg: Omar Abdulrahman, Ismail Ahmed and Mohanad Salem sit out training

• Omar Abdulrahman: There is no 'I' in team

• Asian Player of the Year: Omar Abdulrahman makes shortlist

“Al Ain have spent a long time trying to reach the final and also win the Champions League, and they spent a lot of money to bring me here two years ago,” Lee says ahead of the most important match of his career. “So I want to do something to repay Al Ain and that’s winning the Asian Champions League. Then I can leave the club smiling.”

Lee has had plenty to grin about lately. He is glad to be back home for such an occasion, having left Pohang to make a name for himself outside the K League Classic, Korean football’s top flight.

He has succeeded in the UAE, an integral component in Al Ain’s 2014/15 Arabian Gulf League championship-winning team, a key element too of the club’s run this year to the Champions League final.

Returning to South Korea, and to a Jeonbuk club he knows well, adds to the appeal of the showpiece. The spotlight will shine brightly on the home-grown interloper this weekend, but predictably, Lee is looking forward to the challenge.

“I’m a Korean player playing in a Middle Eastern team against a South Korean team,” he says. “So this feels really different. But it will be like playing any other big opponent in a big final. I want to show all the South Korean fans how strong we are, because they think the level of Gulf football is a little different to South Korean football.

“I don’t like this. I want to show more – our strength, our good quality – and prove Al Ain are a strong enough team to play against Jeonbuk and in the final.”

It is not only the home fans he wishes to impress. Al Ain’s supporters have long coveted the Champions League, a title that sets them apart from their compatriots, a prize that elevated the club who view themselves as the UAE’s leading side to the top tier of Asian club football.

The intervening years have been characterised by frustration. Since the 2005 final defeat to Saudi Arabia’s Al Ittihad, the closest Al Ain have come to clinching the trophy was in 2014, when they were eliminated in the semi-finals by Al Hilal.

Lee played both legs, when Al Ain dreamed of finally ending their Asian drought but ultimately came up short.

There is a different level of expectation there when it comes to the Champions League, a championship that weighs heavily on all those connected to the club. Lee is well aware. “All the players know the pressure regarding the Champions League, especially from the media and the fans,” he says.

“They always ask the players about ‘Asia, Asia, Asia’, but it’s not just all the fans who want to take the title, it’s the players also.

“We are ambitious and we desire more than anything else to win the Champions League. Not just Al Ain – all the players who play in Asia, like those at Jeonbuk and every other club, want to win it.”

Lee, 26, understands better than most the size of the task awaiting Al Ain.

Having come through the ranks at Pohang, he regularly crossed paths with Jeonbuk, notably between July 2013 and May 2014, when the two sides met seven times, including twice in the last-16 of the Champions League.

Lee came out on top in all but one, yet he realises on Saturday’s opponents represent an altogether sterner test.

“This season, Jeonbuk signed a lot of big players from other teams in South Korea, big-name strikers and midfielders,” Lee says.

“So there’s a huge difference this season. Also, they possess a lot of international players at the moment, that’s the strongest part of Jeonbuk.

“But you never know before you play against any team, so we cannot expect any certain result in the match. Of course, the best situation is to win the away leg.

“However, no matter what we do against Jeonbuk there, the second leg is most important.

“Even if the result is a win, a loss or whatever, we need to prepare well for the second leg. That’s the most important.”

Despite Jeonbuk’s quality, Lee is pleased to meet them in the final.

He watched their semi-final against compatriots Seoul with particular interest, knowing should Al Ain get past Qatar’s El Jaish, then he would take on a team from his homeland for Asian football’s foremost crown.

He has had messages from South Korea in the build-up to the first leg, but has refused to engage in a little friendly goading with Ko Moo-yeol.

The Jeonbuk forward and Lee have remained in regular contact since their time together at Pohang. Lee prefers to focus solely on his side.

“I have a lot of experience playing against Jeonbuk in South Korea, so I know about them, about how strong they are,” he says.

“But Al Ain are also a talented team. It will be a really good competition for the final. Al Ain have enough to fight against Jeonbuk.”

Fight against Jeonbuk, eventually capture that cherished title, and Lee can leave Al Ain, to go back to South Korea and begin his national service, sufficiently fulfilled.

“Before I came to Al Ain, I already knew about this team, that they could do very well in the Champions League, could reach the final,” he says.

“That’s why I signed for this club. I was always ambitious to play in Champions League. So this is a real honour to be part of this great team in the final. To win would be an incredible experience. It would be a great memory for me in my career.”

jmcauley@thenational.ae

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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.”

UAE tour of the Netherlands

UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures:
Monday, 1st 50-over match
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match

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THE SPECS

Engine: 2.0-litre 4-cylinder turbo

Power: 275hp at 6,600rpm

Torque: 353Nm from 1,450-4,700rpm

Transmission: 8-speed dual-clutch auto

Top speed: 250kph

Fuel consumption: 6.8L/100km

On sale: Now

Price: Dh146,999

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Company%20profile
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The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

Price: from Dh130,000

On sale: now

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Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Day 1 results:

Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)

Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)

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SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FLIP%204
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The specs

Engine: 3.5-litre twin-turbo V6

Power: 380hp at 5,800rpm

Torque: 530Nm at 1,300-4,500rpm

Transmission: Eight-speed auto

Price: From Dh299,000 ($81,415)

On sale: Now

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)