Old foes Manchester United and Arsenal face off at Old Trafford on Monday in an FA Cup quarter-final that represents both teams’ best hope of winning a trophy this season.
Here are five classic FA Cup encounters between the clubs, who have each won the trophy on a joint-record 11 occasions.
Arsenal 3-2 Manchester United — final, Wembley, May 1979
Dubbed ‘The Five-minute Final’. Arsenal appeared to be coasting to victory courtesy of first-half goals from Brian Talbot and future United striker Frank Stapleton, only for Gordon McQueen to bring Dave Sexton’s side back into the game with four minutes remaining. Sammy McIlroy equalised two minutes later, but with United’s fans still celebrating in the Wembley sunshine, Graham Rix crossed from the left for Alan Sunderland to squeeze an 89th-minute winner past Gary Bailey.
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Arsenal 1-2 Manchester United — semi-final replay, Villa Park, April 1999
The last ever FA Cup semi-final replay was settled by arguably the tournament’s greatest ever goal as United secured a victory that inspired them to a glorious Treble. In a game of dizzying momentum swings, David Beckham put United ahead from long range, only for Dennis Bergkamp to equalise with a deflected shot. United were reduced to 10 men when Roy Keane was sent off and Phil Neville then conceded a last-minute penalty for tripping Ray Parlour. But Peter Schmeichel saved Bergkamp’s spot-kick and in the 19th minute of extra time, a loose pass from Patrick Vieira was picked up on the halfway line by Ryan Giggs, who scythed through Arsenal’s fabled back four before slamming a shot past David Seaman.
Arsenal 0-1 Manchester United — semi-final, Villa Park, April 2004
With second-tier rivals Millwall and Sunderland facing off in the other semi-final at Old Trafford, this last-four tie was seen as a de facto final. Arsene Wenger’s Arsenal were gunning for a third successive FA Cup success and would finish the season unbeaten as league champions, but Paul Scholes’s emphatic 32nd-minute strike gave United victory and Alex Ferguson’s side comfortably outclassed Millwall in the final at Cardiff’s Millennium Stadium.
Arsenal 0-0 Manchester United (Arsenal win 5-4 on penalties) -- final, Millennium Stadium, May 2005
United and Arsenal were blown away by newcomer Jose Mourinho’s Chelsea in the league in 2004-05, but the FA Cup final gave both sides a chance to finish the season with a piece of silverware. Inspired by Wayne Rooney and Cristiano Ronaldo, United were dominant, hitting the woodwork three times, but it was Arsenal who ultimately prevailed on penalties. After Jens Lehmann had saved from Paul Scholes, Patrick Vieira swept home the decisive spot-kick in his final Arsenal game before leaving for Juventus.
Manchester United 4-0 Arsenal — fifth round, Old Trafford, February 2008
The two clubs were on contrasting trajectories — United three months away from a league and Champions League double; Arsenal three years into a trophy drought that would extend for a further six — and it showed in a one-sided affair at Old Trafford. Darren Fletcher scored twice, with Wayne Rooney and Nani also on target, and Nani rubbed salt into Arsenal’s wounds late in the game by audaciously juggling the ball on his head as he ran back towards his own goal, to the visible displeasure of his opponents.
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Saturday, October 26: ‘The Time That Remains’ (2009) by Elia Suleiman
Saturday, November 2: ‘Beginners’ (2010) by Mike Mills
Saturday, November 16: ‘Finding Vivian Maier’ (2013) by John Maloof and Charlie Siskel
Tuesday, November 26: ‘All the President’s Men’ (1976) by Alan J Pakula
Saturday, December 7: ‘Timbuktu’ (2014) by Abderrahmane Sissako
Saturday, December 21: ‘Rams’ (2015) by Grimur Hakonarson
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Roll of honour
Who has won what so far in the West Asia Premiership season?
Western Clubs Champions League - Winners: Abu Dhabi Harlequins; Runners up: Bahrain
Dubai Rugby Sevens - Winners: Dubai Exiles; Runners up: Jebel Ali Dragons
West Asia Premiership - Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins
UAE Premiership Cup - Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles
West Asia Cup - Winners: Bahrain; Runners up: Dubai Exiles
West Asia Trophy - Winners: Dubai Hurricanes; Runners up: DSC Eagles
Final West Asia Premiership standings - 1. Jebel Ali Dragons; 2. Abu Dhabi Harlequins; 3. Bahrain; 4. Dubai Exiles; 5. Dubai Hurricanes; 6. DSC Eagles; 7. Abu Dhabi Saracens
Fixture (UAE Premiership final) - Friday, April 13, Al Ain – Dubai Exiles v Abu Dhabi Harlequins
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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.”