The 52nd Bundesliga season kicks off on Friday night with a new slogan: “The league of the world champions.”
That, at least, is how its major broadcasters are billing it, keying into Germany’s summer triumph in Brazil. They sense the World Cup momentum should be productive, in terms of the Bundesliga’s general esteem, for viewing figures and spectator attendance, though the latter has been on the rise for several years.
The number of fans who pour into the German top flight’s high-spec stadiums each weekend, paying ticket prices that seem more than reasonable compared with other leading European leagues, is one of the Bundesliga’s major virtues.
The victory in the Maracana last month has also endorsed the idea that this is a domestic structure that encourages good technique and enterprising football.
“It’s no coincidence that after the joint efforts of everybody in German football since the turn of the century we achieved what we did in Rio,” said Christian Seifert, chief executive of the Bundesliga.
Just as Joachim Loew, the national team coach, was quick to praise the rigorous work of German club academies during the past 14 years in supplying native talent to his squad, and the youth teams that underpin it, so the Bundesliga now wants to ride the wave from the national team’s 1-0 World Cup final win over Argentina in Rio de Janeiro.
The likes of Mario Gotze, scorer of the winning goal in the Rio final, and goalkeeper Manuel Neuer are bigger global stars than they were two months ago, which has a knock-on effect. Overseas TV sales are increasingly important for major leagues and the Bundesliga will earn nearly €70 million (Dh341.5m) from them this season, almost 10 per cent of its broadcast income.
Another procession for Bayern Munich?
Fans get a good rate of goals per game in the Bundesliga. But how much suspense the title race can offer a growing fan base is open to question, given the ease with which Bayern Munich sealed the last two championships.
The connection between the Germany who beat Argentina and the Bayern who hold the Club World Cup, Bundesliga and German Cup titles is pronounced, from Gotze to Thomas Muller, who hit five goals in the tournament, to Neuer, the acrobatic goalkeeper whose status as the world’s best in his position was promoted by his displays in Brazil.
Bayern’s captain, Philipp Lahm, lifted the prize in what has turned out to be his last cap, as he has retired from international duty.
Lahm has no worry about leaving a leadership void; his Bayern teammate Bastian Schweinsteiger showed plenty of commanding qualities in Brazil.
But as the giants from Munich prepare to usher the season in, draped in medals, against Wolfsburg on Friday, the World Cup casts a shadow as well as a sheen.
Pep Guardiola, the Bayern coach, said on Thursday he expected the coming months to “be very, very hard”. He has sounded a little like a man with a more distinct view of World Cup payback than Seifert’s as he prepares the defence of the Bundesliga Shield.
“We are far from top fitness,” Guardiola said of a squad from which seven players were involved in the World Cup until the last weekend of the tournament, and so missed much of the club’s pre-season.
“It’s not an inevitability that we win the league,” said Franz Beckenbauer, noting that the club he played for, coached and is honorary president of, have never followed up a German, or West German, World Cup win with the championship the next season.
Injuries as well as potential fatigue vex Guardiola. Schweinsteiger, Spaniards Javi Martinez and Thiago Alcantara and French winger Franck Ribery all have physical problems and, unusually, Bayern were outspent in the transfer market.
Only striker Robert Lewandowski, Pepe Reina – back-up to Neuer – and Juan Benat, the young Spanish winger, are significant additions to a squad that has lost Toni Kroos, the best passer last season for Bayern, who has left for Real Madrid, and centre-forward Mario Mandzukic, who is now at Atletico Madrid.
Borussia Dortmund, runners-up the past two seasons, splashed out more heavily than Bayern to replace Lewandowski with Ciro Immobile, the Italy striker, and recruit defender Matthias Ginter and forward Adrian Ramos.
Financial Fair Play is a double-edged sword
Immobile is one of several intriguing arrivals, his capture a notable feather in the cap of German football in that the leading scorer in last season’s Serie A has moved to the Bundesliga from Torino, not to a bigger Italian club.
But overall, the spending in Germany remains modest compared with the English Premier League or the sums invested on new players by Real Madrid and Barcelona. Ten days ahead of the closing of the window, the Bundesliga clubs had spent only €110m; the Spanish Primera Liga and the Premier League have each reached towards a €400m outlay.
The Bundesliga is proud of its general abstemiousness in that sense, its balance between nurturing young talent and hiring the best from elsewhere. Its clubs are mostly protected from the pitfalls of reckless spending.
The standard German ownership model, which forbids most clubs from having a majority single shareholder, is hailed as a sound one by those who also laud Uefa’s Financial Fair Play initiatives.
But it means the Bundesliga is not home to the sorts of super-rich patrons who have altered the landscape of elite European football in the past decade, taking over the likes of Chelsea, Paris Saint-Germain and Manchester City, all now major contenders in their domestic leagues and in the Uefa Champions League.
Might the Bundesliga benefit from the kind of shake-up an ambitious outsider could bring?
Wolfsburg hinted at that when they won the title in 2009. They have the backing of Volkswagen and a different ownership model because of their traditional ties to the automobile manufacturer. They could not repeat that triumph and will not do so this season, but another corporate juggernaut is intent on challenging the status quo.
While Bayern’s progress over the season will intrigue, while Dortmund are certain to be very watchable and while Hamburg are liable to be jittery after their close shave with relegation, keep an eye out for Red Bull Leipzig.
They have just been promoted to the second division, are financed by the Red Bull multinational group and have been spending big to gain promotion to the top flight.
sports@thenational.ae
Follow us on Twitter at @SprtNationalUAE
How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.
The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.
The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
Jiu-jitsu calendar of events for 2017-2018:
August 5:
Round-1 of the President’s Cup in Al Ain.
August 11-13:
Asian Championship in Vietnam.
September 8-9:
Ajman International.
September 16-17
Asian Indoor and Martial Arts Games, Ashgabat.
September 22-24:
IJJF Balkan Junior Open, Montenegro.
September 23-24:
Grand Slam Los Angeles.
September 29:
Round-1 Mother of The Nation Cup.
October 13-14:
Al Ain U18 International.
September 20-21:
Al Ain International.
November 3:
Round-2 Mother of The National Cup.
November 4:
Round-2 President’s Cup.
November 10-12:
Grand Slam Rio de Janeiro.
November 24-26:
World Championship, Columbia.
November 30:
World Beach Championship, Columbia.
December 8-9:
Dubai International.
December 23:
Round-3 President’s Cup, Sharjah.
January 12-13:
Grand Slam Abu Dhabi.
January 26-27:
Fujairah International.
February 3:
Round-4 President’s Cup, Al Dhafra.
February 16-17:
Ras Al Khaimah International.
February 23-24:
The Challenge Championship.
March 10-11:
Grand Slam London.
March 16:
Final Round – Mother of The Nation.
March 17:
Final Round – President’s Cup.
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
The lowdown
Badla
Rating: 2.5/5
Produced by: Red Chillies, Azure Entertainment
Director: Sujoy Ghosh
Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
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
more from Janine di Giovanni
The%20Roundup
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What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Brown/Black belt finals
3pm: 49kg female: Mayssa Bastos (BRA) v Thamires Aquino (BRA)
3.07pm: 56kg male: Hiago George (BRA) v Carlos Alberto da Silva (BRA)
3.14pm: 55kg female: Amal Amjahid (BEL) v Bianca Basilio (BRA)
3.21pm: 62kg male: Gabriel de Sousa (BRA) v Joao Miyao (BRA)
3.28pm: 62kg female: Beatriz Mesquita (BRA) v Ffion Davies (GBR)
3.35pm: 69kg male: Isaac Doederlein (BRA) v Paulo Miyao (BRA)
3.42pm: 70kg female: Thamara Silva (BRA) v Alessandra Moss (AUS)
3.49pm: 77kg male: Oliver Lovell (GBR) v Tommy Langarkar (NOR)
3.56pm: 85kg male: Faisal Al Ketbi (UAE) v Rudson Mateus Teles (BRA)
4.03pm: 90kg female: Claire-France Thevenon (FRA) v Gabreili Passanha (BRA)
4.10pm: 94kg male: Adam Wardzinski (POL) v Kaynan Duarte (BRA)
4.17pm: 110kg male: Yahia Mansoor Al Hammadi (UAE) v Joao Rocha (BRA
LOVE%20AGAIN
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COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
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.”
The specs
Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)
Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.