Neymar is set to make his debut for Paris Saint-Germain against Guingamp on Sunday. Etienne Laurent / EPA
Neymar is set to make his debut for Paris Saint-Germain against Guingamp on Sunday. Etienne Laurent / EPA
Neymar is set to make his debut for Paris Saint-Germain against Guingamp on Sunday. Etienne Laurent / EPA
Neymar is set to make his debut for Paris Saint-Germain against Guingamp on Sunday. Etienne Laurent / EPA

Guingamp to host Neymar's PSG debut but don't be fooled by the modest setting


Ian Hawkey
  • English
  • Arabic

Five years ago this weekend, Neymar, then the boy wonder of Brazil, played in an Olympic Games final for his country at Wembley Stadium.

More than 86,000 people showed up to see Brazil try in vain to end their peculiar hoodoo, a shortage of gold medals in their favourite sport. Just over a year later, Neymar made his competitive debut for Barcelona.

Seventy-three thousand were at Camp Nou to see Levante thrashed 7-1, and to get a first look at the pricey young Brazilian. The following summer, at the World Cup, Neymar had the eyes of hundreds of millions on him, chief carrier of the hosts’ hopes in their opening match of the tournament in Sao Paulo, the fifth most populated city on earth.

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Neymar's first outing as the most expensive footballer in the history of his sport may feel a little different.

His debut for Paris Saint-Germain (PSG), who on Friday had it confirmed that their €222 million (Dh964.6m) payment to Barcelona for the 25-year-old forward had been cleared and approved, should take place at Guingamp on Sunday.

And Guingamp is not a place much used to limelight.

Indeed, there are those in the commune of Guingamp, in France's northwest region of Brittany, who can remember when the Roudourou district was made up of farmers’ smallholdings, just rough agricultural land.

The stadium that now houses a Ligue 1 club there still seems a little out of place to some. Guingamp’s home, with a capacity for well under 20,000 spectators, is outsized.  The population of Guingamp, less than 8,000, would fill less than half of the Roudourou arena.

Naturally, for Sunday’s second fixture of the 2017/18 Ligue 1 season, tickets are sold out.

The visits of PSG will always bring in more than the usual number of Bretons who, for much of the 21st century, have given Guingamp a support base from well beyond the borders of the town itself.

But as an illustration of the wealth gap in French football, Neymar could barely have found a more telling spot to make his first impression as the symbol PSG's far-reaching ambitions.

Guingamp, or En Avant Guingamp, to give them their full name, have an annual budget, at under €30m, that is barely five per cent of PSG's. They were in the third tier of French football a little over six years ago, and have spent just nine of their 105 years of existence in the top flight.

Yet, a capacity to land a powerful underdog’s punch is a trademark. Twice they have won the French Cup, most recently in 2014, a year after regaining a place in Ligue 1. They reached the knockout phase of the Europa League on the back of that triumph.

Last December, just over 18,000 watched Guingamp beat PSG at the Roudourou, a defeat that contributed to the Parisians losing their grip on a domestic title they had held since 2013.

A sweet day for Guingamp manager Antoine Kombourare as he has history with PSG. He played there with distinction in the 1990s, and was PSG's manager when the club were taken over by their Qatari patrons in 2011. The respected Kombouare was removed fairly quickly, replaced by the higher-profile Carlo Ancelotti.

Kombouare has watched PSG’s restless drive for international status from distance since, and he told a news conference: “If Neymar makes his debut here, all the better for the spectacle.

“I can assure you of one thing. The stadium will be full but the people here will come, as usual, to see their team. We have to abstract ourselves from everything being said and written about Neymar and PSG.”

Above all, the Guingamp right-back Jordan Ikoko must do so. It will be his job to mark Neymar, who, it is anticipated, will be asked to work his magic on PSG from a starting position on the left of the attack.

Ikoko, a Congo international, was once on the staff at PSG, a graduate of the club’s academy, where he trained in touching distance of the likes of Zlatan Ibrahimovic, the stellar Parisian before Neymar’s signing, but was never picked for the first XI.

“It will be the first time I have played against a world-class star like Neymar,” Ikoko said. “I’m not scared. I won’t be overly aggressive, like some people have asked to me to be, but I won’t be just another spectator either.”

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Always use only regulated platforms

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Courtesy: Crystal Intelligence

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SERIES INFO

Afghanistan v Zimbabwe, Abu Dhabi Sunshine Series

All matches at the Zayed Cricket Stadium, Abu Dhabi

Test series

1st Test: Zimbabwe beat Afghanistan by 10 wickets
2nd Test: Wednesday, 10 March – Sunday, 14 March

Play starts at 9.30am

T20 series

1st T20I: Wednesday, 17 March
2nd T20I: Friday, 19 March
3rd T20I: Saturday, 20 March

TV
Supporters in the UAE can watch the matches on the Rabbithole channel on YouTube

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.”

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers