Mauricio Pochettino is tasked with leading Paris Saint-Germain to the Champions League and Ligue 1 titles this season.
Mauricio Pochettino is tasked with leading Paris Saint-Germain to the Champions League and Ligue 1 titles this season.
Mauricio Pochettino is tasked with leading Paris Saint-Germain to the Champions League and Ligue 1 titles this season.
Mauricio Pochettino is tasked with leading Paris Saint-Germain to the Champions League and Ligue 1 titles this season.

PSG opt for free winners over lavish transfers to revive trophy-hunting ambitions


Ian Hawkey
  • English
  • Arabic

Having spent the last 10 years learning that heavy spending does not guarantee the most coveted medals, Paris Saint-Germain devoted the last 10 weeks to gathering up serial medallists for free.

The French club, whose transfer outgoings since they came under Qatari ownership in 2011 exceed €1.25 billion ($1.49bn), have had an active but so far relatively austere summer in the marketplace.

It has brought in the man voted the best player at Euro 2021, Gianluigi Donnarumma. It has delivered the footballer with the best sweep of titles of any active player, Sergio Ramos. It has galvanised midfield options with Georginio Wijnaldum, European Cup-winner and Premier League champion with a record-breaking Liverpool.

Each arrived with their previous contracts – at AC Milan, Real Madrid and Liverpool respectively – expired, so with no fee payable. Their vast salaries are of course boosted by that fact, but PSG are also paying them handsomely partly so their trophy-winning knack rubs off on the club.

They begin the new season this weekend in the Trophee des Champions, the traditional French league curtain-raiser, which, unusually, is to be staged in Tel Aviv. It is the showpiece PSG normally qualify for as reigning Ligue 1 title holders. This year Lille have that honour, their wealthier opponents invited only as holders of the French Cup.

That was PSG’s consolation prize from a 2020-21 where they finished second in Ligue 1 and lost to Manchester City in the semi-final of the trophy they really yearn for – the Champions League.

Since that disappointing end to last season, Marco Verratti, the PSG midfielder, has won the European championship, along with Donnarumma and PSG full-back Alessandro Florenzi with Italy. Angel Di Maria, the PSG winger, struck the winning goal for Argentina in the final of the Copa America, celebrating it with club colleague Leandro Paredes.

There’s more glint of fresh medals, too, in the transfer business PSG have done with fees involved. They spent around €60m on Achraf Hakimi, the 22-year-old Moroccan right-back, owner of a Serie A title from his impressive season at Inter Milan. In his teens, Hakimi also won a Champions League winners’ medal with Real Madrid.

“They all have winning personalities,” said PSG head coach Mauricio Pochettino of the new arrivals. “They have shown they know how to win things at other clubs and that they want to take PSG to the top. They will give their utmost to do that.”

Pochettino can testify that lesser prizes come easily to the richest club in France. His own managerial career, trophyless through his time at Espanyol, Southampton and Tottenham Hotspur, gained its first piece of silverware after only three matches in charge of PSG, when he oversaw victory in last season’s delayed Trophee des Champions.

That was in January, Pochettino having just replaced the sacked Thomas Tuchel. In May, he took charge of the successful defence of the French Cup. Four days later, PSG were pipped to the Ligue 1 title by Lille, and Pochettino inherited the unfortunate distinction of finishing as a runner-up with the club who had won seven of the previous eight French league titles.

Granted, PSG had been third in the table when Tuchel left, so Pochettino inherited a deficit in the title race. He has the club’s faith, still, and a contract until 2023. But he is in no doubt that delivering the biggest prize, the Champions League, is an expectation, that he is in charge of a squad set up to achieve that, and that, dazzling though it is, it contains some dilemmas to test his decision-making.

Sergio Ramos arrives at PSG as one of the most decorated players of the modern era from his time at Real Madrid
Sergio Ramos arrives at PSG as one of the most decorated players of the modern era from his time at Real Madrid

In goal, for instance. Donnarumma, 23, has not been hired to warm the bench, but Keylor Navas, 34, has been an excellent goalkeeper for PSG. The position may be rotated, with the experienced Navas perhaps reserved for European matches and Donnarumma used in Ligue 1.

Hakimi’s energy up and down the flank opens the possibility of a wing-back system, with Sergio Ramos – who will miss this weekend with injury – in a back three alongside captain Marquinhos and Presnel Kimpembe. Wijnaldum’s expert pressing should allow Verratti freedom to occupy the advanced midfield role Pochettino likes to see the Italian play in.

As for the sharp end of the pitch, the most expensive pairing of forwards ever put together at a club, Neymar and Kylian Mbappe – combined cost: €400m – are still at PSG, although Mbappe has less than a year left on a contract he shows no urgency to renew.

Pochettino’s other big test is to persuade Mbappe his long-term future should be in Paris and convince the striker that the European Cup will be coming there very soon.

'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

Race card

6.30pm: Handicap (TB) $68,000 (Dirt) 1,200m

7.05pm: Meydan Cup – Listed Handicap (TB) $88,000 (Turf) 2,810m

7.40pm: UAE 2000 Guineas – Group 3 (TB) $125,000 (D) 1,600m

8.15pm: Firebreak Stakes – Group 3 (TB) $130,000 (D) 1,600m

9.50pm: Meydan Classic – Conditions (TB) $$50,000 (T) 1,400m

9.25pm: Dubai Sprint – Listed Handicap (TB) $88,000 (T) 1,200m

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

Who has been sanctioned?

Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.

Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.

Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.

Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

MATCH INFO

Uefa Champions League quarter-final, second leg (first-leg score)

Porto (0) v Liverpool (2), Wednesday, 11pm UAE

Match is on BeIN Sports

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The National will broadcast live from the IMF on Friday October 13 at 7pm UAE time (3pm GMT) as our Editor-in-Chief Mina Al-Oraibi moderates a panel on how technology can help growth in MENA.

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Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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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.”

Updated: July 30, 2021, 3:54 AM