Stephen Crainey, centre, and Ian Evatt reflect on Blackpool's relegation at Old Trafford.
Stephen Crainey, centre, and Ian Evatt reflect on Blackpool's relegation at Old Trafford.

Blackpool's bubble bursts



Manchester United 4 // Blackpool 2

MANCHESTER // The tangerine balloons released by the Blackpool fans drifted over the vast hordes of the home support, towards the directors' box or the pitch. They were illuminating Old Trafford, much as the team has lit up the Premier League.

But Manchester Unitedare no sentimentalists. The balloons, like Blackpool's bubble, were burst. The tangerine dream is no longer. Blackpool are relegated.

Cruelly, dramatically but somehow typically, they went down. With the smallest budget, with the smallest gates, with players who possessed virtually no Premier League pedigree, the ultimate underdogs came so close. For five, heady minutes yesterday at Old Trafford, they led. For much of the afternoon, survival beckoned.

But Blackpool already had proof of United's habit of staging comebacks - a 2-0 advantage became a 3-2 deficit at Bloomfield Road in January - and another ensured victory. United equalled the finest home record of the Premier League era, earning 18 wins and a draw on their own patch, but that was the statistical sideshow. Even when presented with the trophy, United's celebration was of secondary importance. Old Trafford afforded a standing ovation to Ian Holloway, but the quotable, quixotic Blackpool manager's reward for an extraordinary season was unjust in the extreme: relegation.

"The fat lady has finished singing and I don't like her tune," Holloway said. "I've got to swallow it. I'm really proud of my team's efforts. They bridged all sorts of gaps. I don't blame anyone. I honestly believed we could do it."

His belief was reflected on the pitch. A side with spirit and style had produced a comeback of their own.

After Park Ji-sung collected Dimitar Berbatov's pass to put United ahead, Blackpool responded. Charlie Adam, the captain whose summer departure was an inevitability whichever division they were in, fired in a free kick off the far post. His commitment has been unstinting, his quality a constant.

For all Adam's exploits, however, Blackpool are no one-man band. That was epitomised, when David Vaughan, the players' player of the year at Bloomfield Road, guided in a cross that Gary Taylor-Fletcher, a man whose roots are still lowlier than the club's, guided in. Improbably, incredibly, Blackpool led. United, who had not dropped a point at home for almost eight months trailed. Fortune, it seemed, had favoured the bold: Adam had tripped Park, but referee Mike Dean ignored the penalty appeals.

If only four of Sir Alex Ferguson's initial XI are likely to start the Champions League final, the chosen men had quality enough, however. It was illustrated in the equaliser, Anderson and Park exchanging passes before the Brazilian curled a shot in.

Even a draw, however, might not have meant been demotion for Blackpool. They fought for it, Matt Gilks saving superbly from Dimitar Berbatov's header and Alex Baptiste producing a goal-line clearance to thwart Nemanja Vidic. Then, however, disaster struck. Ian Evatt, at fault for United's first goal, extended a foot to meet Chris Smalling's low cross, diverting it past Gilks.

Ridiculously, the cumbersome defender had a shot at redemption, galloping clear at the other end. The retiring Edwin van der Sar, performing one last service in the United goal at Old Trafford, saved him. Then Michael Owen advanced, going through another gaping hole in the Blackpool defence to score.

It was, finally, game over.

Exit Blackpool, and exit Holloway, to a standing ovation from Old Trafford. Success carries a penalty. "I have probably got a very difficult job," he said. "I don't think the team will stay together. None of them will want to play in the Championship. The better ones will be snapped up by the vultures. My job is to make a silk purse out of a sow's ear."

It is something he has done once. To do so again will be still more awkward after an end-of-season exodus. It is the Championship for them, the Champions League final for United. "I don't think there's been a more dramatic season than this one," Ferguson said. He wasn't talking about Blackpool, but they have been responsible for much of the excitement.

SERIES SCHEDULE

First Test, Galle International Stadium
July 26-30
Second Test, Sinhalese Sports Club Ground
August 3-7
Third Test, Pallekele International Stadium
August 12-16
First ODI, Rangiri Dambulla Stadium
August 20
Second ODI, Pallekele International Stadium
August 24
Third ODI, Pallekele International Stadium
August 27
Fourth ODI, R Premadasa Stadium
August 31
Fifth ODI, R Premadasa Stadium
September 3
T20, R Premadasa Stadium
September 6

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

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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The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

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