Arsenal manager Mikel Arteta will be looking for his side to improve on last season's eighth place finish in the Premier League. Getty
Arsenal manager Mikel Arteta will be looking for his side to improve on last season's eighth place finish in the Premier League. Getty
Arsenal manager Mikel Arteta will be looking for his side to improve on last season's eighth place finish in the Premier League. Getty
Arsenal manager Mikel Arteta will be looking for his side to improve on last season's eighth place finish in the Premier League. Getty

Mikel Arteta admits 'difficult transfer market' has hindered Arsenal plans


Richard Jolly
  • English
  • Arabic

Mikel Arteta has become accustomed to disappointment during his brief and eventful time as Arsenal manager. The Gunners finished his first full season in charge in their lowest position since 1995, only eighth. Arsenal have spent a quarter of a century playing European football every season. Now one of their most southerly journeys this season will be to Brentford on Friday.

Arteta goes there with an incomplete squad, with Arsenal’s business half done. The breakdown of a move for Sheffield United goalkeeper Aaron Ramsdale leaves them looking dangerously short of alternatives to Bernd Leno. Some mooted transfer targets, whether James Maddison or Tammy Abraham, have not arrived. Arteta admitted it has been tough.

“We are talking about the most difficult transfer market in this industry over the last years, for sure, and we are trying to adapt,” he said. But with Joe Willock’s move to Newcastle not completed, Roma unable to afford Granit Xhaka and a host of players who Arsenal might have been willing to sell not attracting sufficient offers, funds are limited.

“It is [the same] for every club at the moment,” said Arteta. “We have ownership that they are willing to invest in the team and they want to get the team better with bigger aims. But at the same time we need to be careful because we want to be in a financial position that is sustainable for the club.”

Arsenal’s owners, the Kroenke family, have felt parsimonious in the past but they authorised a £50 million ($69m) deal for Ben White, making him the most expensive defender in the club’s history. “He is a player we have looked at for a long time,” Arteta said. “He fitted the profile of exactly what we wanted.”

Nuno Tavares has also arrived to understudy Kieran Tierney at left-back while Albert Sambi Lokonga, who seemed a youthful addition to the midfield ranks, may be parachuted into the team as Thomas Partey is out until September's international break, as are Eddie Nketiah and Gabriel Martinelli. “The difficulty with him is how long he has been injured,” said Arteta of the oft-sidelined Partey.

There may be a makeshift look to the midfield. Arsenal feel in limbo. “In this first period of the transfer window I think we’ve done a few things we wanted to do,” added Arteta, but he has encountered frustration since then.

“There are a lot of question marks still to be resolved. Anything is possible and there is still a lot of things to be done and a lot of clubs involved. But I am willing to work with the players I have at the moment.”

One of those is Pierre-Emerick Aubameyang. The captain turned 32 in the summer and had his worst season, with just 10 league goals, since 2010-11 last year. Arsenal could do with seeing the Aubameyang of old.

“Since he came back he looked in the right mindset and he’s trying to put last season, which was difficult for everybody and not just for him, for many different reasons, and go back to the level that he can achieve,” Arteta said.

Arsenal finished the campaign with five straight wins but still unfulfilled. As rivals have spent, they risk being left behind. This season has to be better than last. “Our goal is to get the best version consistently that is going to bring us closer to winning football matches,” Arteta said. “That’s what I want from the team. [Fans] need to be excited and they need to see a team that is capable of competing with those teams because our history is related to that. Nobody can deny that. That's the aim and that should be the objective.”

Five players Arsenal should look to sign this transfer window

  • James Maddison - Leicester City's England schemer can count himself unlucky to have missed out on selection for Euro 2020, such was his form last season. Maddison, 24, is both creator and finisher and cherishes space in which to operate. One stumbling block for the Gunners will be the £60 million price tag, with finances dented by missing out on Champions League and Europa League footballer.
    James Maddison - Leicester City's England schemer can count himself unlucky to have missed out on selection for Euro 2020, such was his form last season. Maddison, 24, is both creator and finisher and cherishes space in which to operate. One stumbling block for the Gunners will be the £60 million price tag, with finances dented by missing out on Champions League and Europa League footballer.
  • Manuel Locatelli - was one of the star finds for Euro 2020 winners Italy, scoring twice in the 3-0 win over Switzerland in the group phase. Sassuolo are holding out for £35 million for the midfielder, 23, who played in five out of the seven games as Italy went all the way to clinch the title with a shoot-out victory over England in the final. Arsenal face competition from Juventus, who have offered €30m but as a loan for the 2021/22 season and and obligation to buy next summer.
    Manuel Locatelli - was one of the star finds for Euro 2020 winners Italy, scoring twice in the 3-0 win over Switzerland in the group phase. Sassuolo are holding out for £35 million for the midfielder, 23, who played in five out of the seven games as Italy went all the way to clinch the title with a shoot-out victory over England in the final. Arsenal face competition from Juventus, who have offered €30m but as a loan for the 2021/22 season and and obligation to buy next summer.
  • Martin Odegaard - was voted Arsenal's Player of the Month in March following some stellar performances most notable in the North London derby win over Tottenham. The problem was those performances were too infrequent during a six-month loan from Real Madrid. The Norwegian, 22, has returned to his parent club but it remains to be seen whether he features in Carlo Ancelotti's plans. Another loan move could suit all parties.
    Martin Odegaard - was voted Arsenal's Player of the Month in March following some stellar performances most notable in the North London derby win over Tottenham. The problem was those performances were too infrequent during a six-month loan from Real Madrid. The Norwegian, 22, has returned to his parent club but it remains to be seen whether he features in Carlo Ancelotti's plans. Another loan move could suit all parties.
  • Tyler Adams - the 22-year-old American can operate at both right-back and in midfield - two areas Arsenal boss Mikel Arteta must look to strengthen. Adams, 22, is a USA international who has gone from strength to strength since moving to RB Leipzig in 2019. The Bundesliga side are reluctant to sell, but if Adams' historical tweets are anything to go by a transfer to the Emirates Stadium would certainly appeal.
    Tyler Adams - the 22-year-old American can operate at both right-back and in midfield - two areas Arsenal boss Mikel Arteta must look to strengthen. Adams, 22, is a USA international who has gone from strength to strength since moving to RB Leipzig in 2019. The Bundesliga side are reluctant to sell, but if Adams' historical tweets are anything to go by a transfer to the Emirates Stadium would certainly appeal.
  • Kalvin Phillips - was one of England's best performers at the European Championship. Showed he is more than just a destroyer with some dynamic running and invention further up the field. The Leeds United midfielder helped inspire his boyhood club to a ninth-place finish in the Premier League last season, so it will take an intriguing offer to tempt him away from Elland Road.
    Kalvin Phillips - was one of England's best performers at the European Championship. Showed he is more than just a destroyer with some dynamic running and invention further up the field. The Leeds United midfielder helped inspire his boyhood club to a ninth-place finish in the Premier League last season, so it will take an intriguing offer to tempt him away from Elland Road.

First Person
Richard Flanagan
Chatto & Windus 

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Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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Manchester City 3 (Silva 8' &15, Foden 33')

Birmginahm City 0

Man of the match Bernado Silva (Manchester City)

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MATCH INFO

Uefa Champions League semi-finals, first leg
Liverpool v Roma

When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome

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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Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

Company name: Farmin

Date started: March 2019

Founder: Dr Ali Al Hammadi 

Based: Abu Dhabi

Sector: AgriTech

Initial investment: None to date

Partners/Incubators: UAE Space Agency/Krypto Labs 

The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

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'Unrivaled: Why America Will Remain the World’s Sole Superpower'
Michael Beckley, Cornell Press

MATCH INFO

Newcastle United 2 (Willems 25', Shelvey 88')

Manchester City 2 (Sterling 22', De Bruyne 82')

Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat
What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

The five new places of worship

Church of South Indian Parish

St Andrew's Church Mussaffah branch

St Andrew's Church Al Ain branch

St John's Baptist Church, Ruwais

Church of the Virgin Mary and St Paul the Apostle, Ruwais

 

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

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CHELSEA SQUAD

Arrizabalaga, Bettinelli, Rudiger, Christensen, Silva, Chalobah, Sarr, Azpilicueta, James, Kenedy, Alonso, Jorginho, Kante, Kovacic, Saul, Barkley, Ziyech, Pulisic, Mount, Hudson-Odoi, Werner, Havertz, Lukaku. 

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THE BIO

Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old

Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai

Favourite Book: The Alchemist

Favourite quote: Failing to prepare is preparing to fail

Favourite place to Travel to: Vienna

Favourite cuisine: Italian food

Favourite Movie : Scent of a Woman

 

 

 

 

Updated: August 12, 2021, 12:16 PM