The Clermont Foot coach Helena Costa is known in her home country of Portugal as “Mourinho in a skirt”. AFP
The Clermont Foot coach Helena Costa is known in her home country of Portugal as “Mourinho in a skirt”. AFP
The Clermont Foot coach Helena Costa is known in her home country of Portugal as “Mourinho in a skirt”. AFP
The Clermont Foot coach Helena Costa is known in her home country of Portugal as “Mourinho in a skirt”. AFP

Costa comes to Clermont from the proven Portuguese school of thought


Ian Hawkey
  • English
  • Arabic

Helena Costa, appointed as coach in France’s Ligue 2 next season, will have gathered over the past few days the degree of scrutiny set to trail her through her first few months in the job.

The precedent she established was always bound to make headlines in a macho world like professional football.

She will also appreciate that her sport is a branch of entertainment, with some of the same 21st-century dynamics as show business.

The publicity has clearly not alarmed the Clermont Foot president, Claude Michy, who has given a woman the most senior coaching position in the modern history of men’s football.

The attention, Michy indicated, will be welcome. The pressure, Costa said, is something she greets with enthusiasm: “I sleep well with pressure,” she told L’Equipe.

That is one of the several observations which show she is as literate in modern managerspeak as the most articulate coaches of her generation, and especially those who have grown up with similarly thorough educations in all aspects of the game.

The detail of that education is worth noting. Of more relevance than her gender to her appointment may be her nationality and her schooling in football.

Costa had the good luck, given her vocation, to be born Portuguese, and to grow up in an era where coaching in that country has benefited from progressive thinking, and in the slipstream of a generation of Portuguese coaches enjoying success abroad.

The list includes the likes of Carlos Queiroz, once of Real Madrid, now managing Iran; Jose Mourinho, with a glittering CV well-known enough to scarcely need repeating; Andre Villas-Boas of Zenit Saint-Petersburg; and the Arabian Gulf League club Al Wahda’s Jose Peseiro.

All of them developed in a Portuguese system respected for its emphasis on scholarship and academic rigour.

And none of them enjoyed significant careers as players anywhere near the upper echelons of professional men’s football.

Not so long ago, that would have been a barrier. An iron gateway of prejudice used to stand in front of coaches without a distinguished set of achievements from their playing days.

They would struggle, wisdom dictated, to “gain the respect” in the locker rooms, they would hear their authority undermined by footballers challenging their specific instructions with the simple, sneering riposte: “I never saw you do it as a player in front of 50,000 fans.”

From time to time, even Mourinho has been engaged by bad-tempered squad members in that sort of dialogue. He can afford to shrug.

When it comes to a show-us-your-medals contest, his list of managerial prizes trumps those of most footballers he has worked with. These days, past accolades on the pitch can be a factor in the appointment of coaches, but it is far from a priority.

In the English Premier League, for instance, home of some of the world’s most sought-after managerial jobs, three of the top four positions in the table by the end of this weekend are likely to be filled by managers who collectively played a single match at pan-European level.

Nobody doubts the capacity of Arsenal’s Arsene Wenger – who once, and only once, represented Strasbourg in the Uefa Cup – to spot a talent.

Nor does anybody question how effectively Liverpool’s Brendan Rodgers, whose hopes of a playing career were snubbed by a knee injury at 20, communicates with young billionaires.

Nobody asks how Mourinho can know about a team’s defensive shape given that, in his 20s, he was not considered physically imposing enough to make it past the lower-division level as a midfielder.

Arguments that Costa lacks the requisite experience to guide professional men under her charge tend to follow similar lines to the old-fashioned reasoning that those who had not been great players could never be great managers.

Those prejudices have faded.

The notion that gender is a determining factor in management ought to be no more relevant to sport than anywhere else.

“Sometimes you need to break free of society’s established formulas,” Michy said. “It makes life more interesting. And I’m pleased so many people are talking about our club.”

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Conflict, drought, famine

Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.

Band Aid

Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.

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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.”

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Uefa Champions League final:

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The hotels

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PROFILE BOX

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Based: Dubai International Financial Centre, Dubai

Sector: PropTech

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Funding stage: Seed funding, in talks with angel investors

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