Sepp Blatter, the Fifa president, has defended the World Cup from criticism over empty seats and poor refereeing standards. The head of world football's governing body also claimed he was not surprised by the poor showing by African countries. Instead, Blatter, 74, believes the decision by Ivory Coast and Nigeria to change coaches just months before the tournament made it very difficult for them to make an impact.
"You cannot manage a national team when you coach two or three months before the competition and this has happened in two of the associations, Ivory Coast and Nigeria," Blatter told BBC Radio 5 Live. On the empty seats, Blatter added: "Empty seats, yes, but not empty stadia. Don't forget 95 per cent of all tickets have been sold."
Nelson Mandela came to the closing ceremony ahead of last night's final between Holland and Spain, capping South Africa's pride in staging a successful tournament. Mandela, 91, who is in frail health, waved as he briefly toured the pitch in a golf cart surrounded by bodyguards. He was given an ecstatic welcome by the crowd chanting his clan name, Madiba, and blowing vuvuzela trumpets.
The much-loved former president, who led the country out of apartheid in 1994, was unable to attend the opening ceremony on June 11 because his great granddaughter was killed in a car accident the night before. But his grandson Mandla said earlier he wanted to visit briefly to greet the crowds at the giant Soccer City stadium.
Bastian Schweinsteiger, the Germany midfielder, has hinted at a move away from Bayern Munich by stating he is not "married" to the Bundesliga champions. One of the standout performers at the World Cup, Schweinsteiger, 25, has a contract at the Allianz Arena until 2012, which he insists he is happy to honour. But he also concedes a move abroad would excite him.
"I have a contract with FC Bayern until 2012 and I really respect the club and the contract," he told the German publication Bild. "But I cannot say that I am married to FC Bayern. That would not be fair to the fans. I know that there is something great at FC Bayern. We didn't reach the Champions League final without good reason, and to win it is my ambition. The Bundesliga is great, and has become more important, but if I were to move on, then, of course, the idea of going abroad is what excites me."
Germany's president says he will award Joachim Loew, the coach, the country's Federal Cross of Merit for taking the national team to third place at the tournament. Christian Wulff said in a televised press conference yesterday that the players will be decorated with the Silver Laurel. About 300,000 people were reported to have gathered at public viewing areas in Germany to watch the 3-2 third-place play-off win over Uruguay on Saturday. About 100,000 were near Berlin's Brandenburg Gate, roughly a third the number that attended previous Germany games. Berlin police said yesterday the atmosphere was peaceful.
Leaders of Australia's 2022 World Cup bid expect Fifa to clear them of allegations they offered illegal gifts and inducements in their campaign. Frank Lowy, the Football Federation Australia chairman, told The Associated Pressthat he believes Fifa's ethics committee could publish its favourable report "within days". Lowy said the episode has done the bid no credit, but it broke no rules. Fifa started investigating last month after The Age newspaper reported that Fifa executive members - who choose World Cup hosts - were given jewellery and offered travel expenses. Australia's government cleared the federation of further allegations about accounting practices and use of taxpayer funds. The federation is suing the newspaper for defamation.
Keisuke Honda, the Japan forward, has signed on to help his country's bid to host their 2022 bid. Japan's bid committee announced yesterday that Honda will join a team of bid ambassadors that includes Zico, Philippe Troussier and Ivica Osim - the former Japan coaches. Honda, who plays for CSKA Moscow, scored two goals to help Japan reach the last 16 in South Africa. Japan, which co-hosted the 2002 World Cup with South Korea, is competing for 2022 against Australia, the United States, Qatar and South Korea.
Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics
Profile
Company name: Jaib
Started: January 2018
Co-founders: Fouad Jeryes and Sinan Taifour
Based: Jordan
Sector: FinTech
Total transactions: over $800,000 since January, 2018
Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups
The five pillars of Islam
The bio
Favourite food: Japanese
Favourite car: Lamborghini
Favourite hobby: Football
Favourite quote: If your dreams don’t scare you, they are not big enough
Favourite country: UAE
Winners
Best Men's Player of the Year: Kylian Mbappe (PSG)
Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)
TikTok Fans’ Player of the Year: Robert Lewandowski
Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)
Best Women's Player of the Year: Alexia Putellas (Barcelona)
Best Men's Club of the Year: Chelsea
Best Women's Club of the Year: Barcelona
Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)
Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)
Best Coach of the Year: Roberto Mancini (Italy)
Best National Team of the Year: Italy
Best Agent of the Year: Federico Pastorello
Best Sporting Director of the Year: Txiki Begiristain (Manchester City)
Player Career Award: Ronaldinho
THE SPECS
Engine: six-litre W12 twin-turbo
Transmission: eight-speed dual clutch auto
Power: 626bhp
Torque: 900Nm
Price: Dh940,160 (plus VAT)
On sale: Q1 2020
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
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.”
Results
Female 49kg: Mayssa Bastos (BRA) bt Thamires Aquino (BRA); points 0-0 (advantage points points 1-0).
Female 55kg: Bianca Basilio (BRA) bt Amal Amjahid (BEL); points 4-2.
Female 62kg: Beatriz Mesquita (BRA) v Ffion Davies (GBR); 10-2.
Female 70kg: Thamara Silva (BRA) bt Alessandra Moss (AUS); submission.
Female 90kg: Gabreili Passanha (BRA) bt Claire-France Thevenon (FRA); submission.
Male 56kg: Hiago George (BRA) bt Carlos Alberto da Silva (BRA); 2-2 (2-0)
Male 62kg: Gabriel de Sousa (BRA) bt Joao Miyao (BRA); 2-2 (2-1)
Male 69kg: Paulo Miyao (BRA) bt Isaac Doederlein (USA); 2-2 (2-2) Ref decision.
Male 77kg: Tommy Langarkar (NOR) by Oliver Lovell (GBR); submission.
Male 85kg: Rudson Mateus Teles (BRA) bt Faisal Al Ketbi (UAE); 2-2 (1-1) Ref decision.
Male 94kg: Kaynan Duarte (BRA) bt Adam Wardzinski (POL); submission.
Male 110kg: Joao Rocha (BRA) bt Yahia Mansoor Al Hammadi (UAE); submission.
Brief scores:
QPR 0
Watford 1
Capoue 45' 1