The Holland football team, seen here during a training session at the Reymana Stadium in Krakow, Poland, are bottom of Group B and will need to beat Portugal by a big margin today to keep their qualification hopes alive. Jerry Lampen / EPA
The Holland football team, seen here during a training session at the Reymana Stadium in Krakow, Poland, are bottom of Group B and will need to beat Portugal by a big margin today to keep their qualification hopes alive. Jerry Lampen / EPA
The Holland football team, seen here during a training session at the Reymana Stadium in Krakow, Poland, are bottom of Group B and will need to beat Portugal by a big margin today to keep their qualification hopes alive. Jerry Lampen / EPA
The Holland football team, seen here during a training session at the Reymana Stadium in Krakow, Poland, are bottom of Group B and will need to beat Portugal by a big margin today to keep their qualif

Euro 2012: There is only 'I' in this Dutch team


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Two years ago, the criticism was that Holland were not Dutch enough. The architects of total football were christened "the clogs of war" for their roughhouse tactics in the World Cup final. Johan Cruyff practically disowned them, talking of anti-football.

Two years on, Holland have been true to their traditions again. Just not the most admirable ones.

The Dutch and dissent have a long and inglorious history. Too many talented teams have been hampered by infighting.

Now the class of 2012 seem to be establishing their credentials as a quintessentially Dutch side at the Euro 2012.

Wesley Sneijder talked of "pathetic egos" before the defeat to Germany and said "our understanding appears to have disappeared" after it.

Arjen Robben indicated his displeasure at being substituted by vaulting angrily over the advertising hoardings and mooching moodily around the perimeter of the pitch before reaching, but not sitting in, the dugout.

Bert van Marwijk, the manager, publicly criticised his wingers, Robben and Ibrahim Afellay, for lacking pace and not troubling the Germans.

The signs are that the Dutch are unravelling. Even beating Portugal tonight might not take the World Cup finalists into the quarter-finals.

They are likely to be the Group of Death's biggest casualties. If so, self-inflicted wounds will feature prominently in the autopsy report.

Their fortunes have swung swiftly and dramatically. Holland only lost two of their first 41 games under Van Marwijk, including the World Cup final. They have been defeated in five of their last nine games, suffering back-to-back losses for the first time since the 60 year old took over in 2008.

If Denmark's extraordinary 1-0 win, when 28 Dutch attempts did not yield a single goal, was more avoidable, the ferocity of their rivalry with Germany makes any defeat to their neighbours more painful.

With it, Dutch divisions have become more apparent. The surprise for some is that unity was preserved for so long.

In Marco van Basten's reign, Mark van Bommel refused to play while Sneijder feuded with Robin van Persie. The Arsenal captain had a troubled relationship with Van Marwijk in their time together at Feyenoord. Robben's individualism is so pronounced that even Franck Ribery seems more of a team player at Bayern Munich.

And yet, for the best part of four years, things proceeded swimmingly. Until now. Van Marwijk's skills as a diplomat, as a massager of egos, appear to have deserted him. Making his son-in law Van Bommel captain left him open to allegations of nepotism, especially when the 35-year-old midfielder performs as poorly as he did against Germany.

Having a side that seemed set in stone antagonised Klaas-Jan Huntelaar, whose 48-goal season for Schalke counted for little, and Rafael van der Vaart, a winner of 98 caps but also on the bench.

Also frozen out of the midfield and attack was Dirk Kuyt. So assiduous in tracking back, he might have helped the struggling 18-year-old left-back Jetro Willems. His successor on the left flank, Afellay, certainly has not.

Now Van Marwijk faces a battle to save his job, which will be reviewed after the tournament.

He has to amend his blueprint, to abandon his obduracy and conjure victory from the ruins of a wrecked campaign.

Perhaps Huntelaar could lead the line with Van Persie operating in his slipstream. Maybe Kevin Strootman or Van der Vaart, rather than Van Bommel, should partner Nigel de Jong in midfield.

Several - Kuyt, Van der Vaart, Sneijder - look superior alternatives to Afellay. Wherever he starts, Holland have to get the ball to Sneijder, the one of the supposed superstars who has performed.

Because a historic low beckons. Not since 1984, when they did not qualify for the European Championships, have the Dutch failed to progress from the group stages.

It is a remarkable display of consistency, considering the ever-present possibility of civil war.

The Dutch trait of independent thought is a constant, encompassing players from various generations, but, even if only for 90 minutes, 11 different, dissenting individuals need a meeting of minds to form a team today.

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Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

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

4pm: Maiden; Dh165,000 (Dirt); 1,400m
Winner: Solar Shower; William Lee (jockey); Helal Al Alawi (trainer)

4.35pm: Handicap; Dh165,000 (D); 2,000m
Winner: Thaaqib; Antonio Fresu; Erwan Charpy.

5.10pm: Maiden; Dh165,000 (Turf); 1,800m
Winner: Bila Shak; Adrie de Vries; Fawzi Nass

5.45pm: Handicap; Dh175,000 (D); 1,200m
Winner: Beachcomber Bay; Richard Mullen; Satish Seemar

6.20pm: Handicap;​​​​​​​ Dh205,000 (T); 1,800m
Winner: Muzdawaj; Jim Crowley;​​​​​​​ Musabah Al Muhairi

6.55pm: Handicap;​​​​​​​ Dh185,000 (D); 1,600m
Winner: Mazeed; Tadhg O’Shea;​​​​​​​ Satish Seemar

7.30pm: Handicap; Dh205,000 (T); 1,200m
Winner: Riflescope; Tadhg O’Shea;​​​​​​​ Satish Seemar.

Arrogate's winning run

1. Maiden Special Weight, Santa Anita Park, June 5, 2016

2. Allowance Optional Claiming, Santa Anita Park, June 24, 2016

3. Allowance Optional Claiming, Del Mar, August 4, 2016

4. Travers Stakes, Saratoga, August 27, 2016

5. Breeders' Cup Classic, Santa Anita Park, November 5, 2016

6. Pegasus World Cup, Gulfstream Park, January 28, 2017

7. Dubai World Cup, Meydan Racecourse, March 25, 2017

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

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Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

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Price: From Dh117,059

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900