Asier Illarramendi moved to Real Madrid in 2013 but has struggled to cement a place in the starting line-up. Manuel Queimadelos Alonso / Getty Images
Asier Illarramendi moved to Real Madrid in 2013 but has struggled to cement a place in the starting line-up. Manuel Queimadelos Alonso / Getty Images
Asier Illarramendi moved to Real Madrid in 2013 but has struggled to cement a place in the starting line-up. Manuel Queimadelos Alonso / Getty Images
Asier Illarramendi moved to Real Madrid in 2013 but has struggled to cement a place in the starting line-up. Manuel Queimadelos Alonso / Getty Images

Asier Illarramendi poised for Real Sociedad return — a sign of giant strides by David Moyes


Andy Mitten
  • English
  • Arabic

Real Sociedad manager David Moyes is not one for building hopes. The Scot would rather under promise and over deliver, politely telling fans to calm their expectations of European football on one of his nightly walks around San Sebastian.

At Manchester United, he was correct when he kept repeating there was a huge rebuilding job to do which would take time, even when it did not seem obvious, such as when they beat Bayer Leverkusen 5-0 away in the Uefa Champions League early in his reign.

At Real Sociedad, his line is similar. He wants to do what he did at Everton and improve the club gradually, season after season by making shrewd, value for money acquisitions in the transfer market, by promoting youth and by getting the absolute best out of the current squad of players, with whom he has formed an effective working relationship.

At Sociedad, that is a squad with a few ageing local heroes, plus a smattering of prodigious talents such as Carlos Vela, Esteban Granero and Sergio Canales who, through injury, bad luck, lack of opportunity or attitude, did not make it at the huge clubs to which they were once contracted.

Andy Mitten: Five to watch from Atletico Madrid, Valencia, Sevilla and La Liga's field

Moyes has added Asier Illarramendi to that list. The Basque midfielder was a surprise €40 million (Dh167.8m) transfer to Real Madrid aged 23 in 2013, but he was used sparingly by coach Carlo Ancelotti.

Overcome by anxiety when he arrived, he failed to settle quickly. After five months, he had played just 532 minutes of league football and had finished the full 90 league minutes only once.

There is little shame in not standing out at the Bernabeu and no player can be blamed for moving there, even if it is to join a bulging squad.

But the next step down is usually a Liverpool, Arsenal, Tottenham Hotspur or Valencia, not Real Sociedad, with their 23,000 average crowds and €50m annual budget for the whole club.

Illarramendi could have earned more by moving to England, where he is wanted by Liverpool, Tottenham and Southampton, and Madrid could get a bigger transfer fee if he goes to England, but the Basque met his former club and indicated he wanted to come home and continue where he left off, playing in a team good enough to reach the Champions League.

Sociedad have lost Claudio Bravo to Barcelona and Antoine Griezmann to Atletico since he departed, but funds from those sales allowed them to offer a club record €16m for Illarramendi, who will be able to play as a central midfielder bringing balance and creativity to the team as they seek to improve on last season’s 11th-place finish.

With new signing Jonathas having scored 14 top-flight goals last season for Elche, plus Argentine goalkeeper Geronimo Rulli, 23, now a permanent signing and promising Portuguese winger Bruma, signed on loan from Galatasaray, Moyes has improved his squad despite failing to land striker Danny Ings from Burnley.

Moyes’ best player is defender Inigo Martinez, one of 14 members of the current squad who have graduated from the youth system.

Two more gems have been spotted in the club’s juvenile ranks and have been promoted to the first team.

Such moves delight fans, who were satisfied with the opening result, a goalless draw at Deportivo La Coruna.

But the return of Illarramendi is his biggest coup.

After his team played Real Madrid last season and were defeated 4-1 in Madrid, Moyes struggled to pronounce Illarramendi when talking to the media.

He will have plenty of time to perfect it now that Illarramendi will be wearing Sociedad colours this season.

Eibar enjoying top spot while it lasts

On Monday morning, near a prominent Scotland the Brave mural, the narrow street behind the west goal at Eibar’s tiny Ipurua ground was briefly blocked while a groundsman and three helpers loaded two full-size nets onto a waiting lorry.

They were needed at the training ground for when the team returned from that night’s opening Primera Liga game at Granada.

The disruption was brief, unlike the construction of Eibar’s new stand, which has boosted their capacity from 5,200 to 6,200.

The new build has angered local residents in the tower blocks which overlook the ground. Their free view of watching top-flight Spanish football has been blocked and their white flags of protest are prominent.

They make a change from the rest of the town of 27,000 in the narrow Ego valley between Bilbao and San Sebastian, where massed red-and-blue-striped flags of Eibar hang from balconies.

Eibar’s residents in a town once famous for making small armaments are rightly proud that their club was the smallest ever to get promoted to the Primera Liga last season on average crowds of just 2,900.

They had been the smallest club in the second division the previous season, but once they hit the top level crowds increased to 4,600, paying the lowest prices in the league as Eibar stunned their fans with a superb first half of the season.

After 22 games they were comfortable in eighth, closer to Europe than the predicted relegation. Then they collapsed, and the second half was a disappointment.

Eibar lost 15 times in 17 games and slipped into the relegation zone for the first time in the penultimate weekend.

They had to beat relegated Cordoba at home and were leading 3-0, but they also had to rely on Deportivo La Coruna losing at champions Barcelona, which they soon were, 2-0, thanks to two Lionel Messi goals.

But then Depor scored twice and, even with other twists that night, it meant that despite having a superior goal difference, Eibar went down on the head-to-head rule.

Eibar were disconsolate, yet there was yet another twist and a happy ending out of unfortunate circumstances elsewhere. Eibar were reprieved after Elche were relegated for financial irregularities.

On Monday, as the groundsmen tended the Ipurua pitch ahead of its first match, Sunday’s Basque derby against the nearby giants Athletic from Bilbao, Eibar played their opening game of the season at Granada.

A surprise 3-1 win, with goals from Adrian, Gonzalo Escalante and Mikel Arruabarrena, handed them victory at Nuevo Los Carmenes.

The win ensures they are now the top team in Spain and images of the league table are being pinned around bars in the town, marking a turnaround from the despair of May’s relegation. They should enjoy it while it lasts.

Neymar flirting with United for new deal?

Excuse Manchester United fans for being sceptical about the likelihood of Brazilian striker Neymar ending up at Old Trafford.

The stories are correct. United are in the market for the best players in the world and the English club, who want a superstar signing, maintain they will not be beaten for money by anyone.

Unfortunately for United, there is more to it than money. Neymar is a starter in the best team in the world. He is winning trophies, he is loved by fans, he lives in a city where he speaks the language and which has direct flights to his home in Sao Paulo. He and his people are also after a pay rise because he earns €10.5 million (Dh43.9m) per year, lower than Lionel Messi as expected, but also Luis Suarez, Daniel Alves and Andres Iniesta.

What better way to get that than flutter your eyelashes at potential suitors? There is always the risk that the strategy will lead to your exit, but it is a risk many players and their agents have taken.

Valencia make it five

Valencia’s aggregate win over Monaco means Spain has a record five teams in this season’s UEFA Champions League draw, which will be held on Thursday. New signing Alvaro Negredo was superb as he got a vital away goal in the principality to ensure Valencia will join Barcelona, Real Madrid, Atletico Madrid and Europa League champions Sevilla in the draw.

The home of the European, world and Europa League winners, Spain is the planet’s current pre-eminent football nation and rivals would prefer to avoid Spanish clubs.

Player of the week - Pichu

Sporting Gijon’s goalkeeper was outstanding against Real Madrid as the Asturians held Rafa Bentiez’s side to a goalless draw. It was Sporting’s first game in the top flight since promotion, but Pichu, 31, has experienced the highs and lows at the club. Now in his eighth season with Sporting – though he has only been the first-choice keeper since 2012 – he was crucial in keeping Gareth Bale, Cristiano Ronaldo and the rest of Madrid’s forward line at bay.

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If you go

Flight connections to Ulaanbaatar are available through a variety of hubs, including Seoul and Beijing, with airlines including Mongolian Airlines and Korean Air. While some nationalities, such as Americans, don’t need a tourist visa for Mongolia, others, including UAE citizens, can obtain a visa on arrival, while others including UK citizens, need to obtain a visa in advance. Contact the Mongolian Embassy in the UAE for more information.

Nomadic Road offers expedition-style trips to Mongolia in January and August, and other destinations during most other months. Its nine-day August 2020 Mongolia trip will cost from $5,250 per person based on two sharing, including airport transfers, two nights’ hotel accommodation in Ulaanbaatar, vehicle rental, fuel, third party vehicle liability insurance, the services of a guide and support team, accommodation, food and entrance fees; nomadicroad.com

A fully guided three-day, two-night itinerary at Three Camel Lodge costs from $2,420 per person based on two sharing, including airport transfers, accommodation, meals and excursions including the Yol Valley and Flaming Cliffs. A return internal flight from Ulaanbaatar to Dalanzadgad costs $300 per person and the flight takes 90 minutes each way; threecamellodge.com

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EXare%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJanuary%2018%2C%202021%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EPadmini%20Gupta%2C%20Milind%20Singh%2C%20Mandeep%20Singh%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunds%20Raised%3A%20%3C%2Fstrong%3E%2410%20million%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E28%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eundisclosed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EMS%26amp%3BAD%20Ventures%2C%20Middle%20East%20Venture%20Partners%2C%20Astra%20Amco%2C%20the%20Dubai%20International%20Financial%20Centre%2C%20Fintech%20Fund%2C%20500%20Startups%2C%20Khwarizmi%20Ventures%2C%20and%20Phoenician%20Funds%3C%2Fp%3E%0A

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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Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
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Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

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The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

The specs

Engine: 3.0-litre six-cylinder MHEV

Power: 360bhp

Torque: 500Nm

Transmission: eight-speed automatic

Price: from Dh282,870

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