Antoine Griezmann made a sensational return to Atletico Madrid late on transfer deadline day, bringing an end to an underwhelming two-year spell at Barcelona for the French forward.
Griezmann, 30, scored 133 goals during his first five-year spell at Atletico to become one of the leading players in La Liga and convincing Barcelona to spend €120 million ($141.7m) on his services.
However, the France international struggled to hit the same heights at the Camp Nou and has now returned to Atletico on a one-year loan deal with an option to extend by another year.
Barcelona confirmed his departure, saying Atletico "will pay the player's wages", adding that the deal includes a compulsory permanent transfer clause when his loan finishes. Neither club disclosed the obligation-to-buy fee but it was reportedly set at €40m.
"Welcome back, Griezmann!" Atletico wrote on its website.
Barcelona have been struggling financially and had to allow six-time Ballon d'Or winner Lionel Messi to leave for Paris Saint-Germain last month. Griezmann was one of their highest earners since signing in 2019.
"FC Barcelona would like to thank Antoine Griezmann for his commitment and dedication and wishes him all the best for the future," the club said in a statement.
Griezmann joins Luis Suarez, who left Barca for Atletico 12 months ago, at the reigning La Liga champions.
Barcelona signed Sevilla's Dutch striker Luuk de Jong as Griezmann's replacement on a season-long loan deal with the option of a permanent transfer.
Griezmann's only major trophy with Atletico was the 2018 Europa League, having signed for Diego Simeone's side from Real Sociedad shortly after their surprise 2014 league title triumph. He won the Copa del Rey with Barca last season, scoring the opening goal in the final against Athletic Bilbao.
But Griezmann's stay at the Camp Nou was largely disappointing, with the 2018 World Cup winner netting just 22 times in 74 league matches for the Catalan giants.
Griezmann's exit was not expected, though, after he had started Barcelona's first three games of the new season.
The move is just the latest big-name transfer of the summer, after Messi's switch and Cristiano Ronaldo's return to Manchester United from Juventus.
But Kylian Mbappe's widely expected dream move to Real Madrid from PSG failed to materialise on Tuesday.
Griezmann, who finalised his transfer while on international duty preparing for France's upcoming World Cup qualifiers, was part of a clear-out by Barca on deadline day.
They also allowed defender Emerson Royal to leave for Tottenham and teenage midfielder Ilaix Moriba joined RB Leipzig.
Earlier this month, Barca president Joan Laporta revealed that Barcelona's debts stand at €1.35 billion and that their wage bill is at least 25 per cent higher than their competitors at €617m.
The five-time European champions have not won the Champions League since 2015, when they were inspired by a front three of Messi, Neymar and Suarez, and failed to get past the quarter-finals in either of Griezmann's two campaigns.
Barca were thumped 8-2 in the last eight by Bayern Munich in 2020 before a 4-1 first-leg loss at home to PSG earlier this year as they went out 5-2 on aggregate in the last 16.
They had to settle for second in La Liga, five points behind champions Real Madrid, in Griezmann's first season before stumbling to a third-placed finish last term.
Griezmann has scored 38 goals in 95 appearances for France, including once at Euro 2020 as the world champions were dumped out in the last 16 by Switzerland.
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MATCH INFO
Uefa Champions League last-16, second leg:
Real Madrid 1 (Asensio 70'), Ajax 4 (Ziyech 7', Neres 18', Tadic 62', Schone 72')
Ajax win 5-3 on aggregate
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Company%20profile
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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.”
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
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England World Cup squad
Eoin Morgan (capt), Moeen Ali, Jofra Archer, Jonny Bairstow, Jos Buttler (wkt), Tom Curran, Liam Dawson, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, James Vince, Chris Woakes, Mark Wood
The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
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