The last time Chelsea embarked on the defence of the Champions League title, they made history. An unwanted history. It turned out to be the briefest attempt to retain the title since the modern format of the European Cup was introduced. Chelsea went out in the group stage, their exit all but secured by a 3-0 walloping at the Juventus stadium.
Nine years on, Thomas Tuchel’s champions go to the same venue looking a good deal more resilient than Roberto Di Matteo’s 2012 title-holders. But their manager was still warning on Tuesday that no visitor to Juventus can swagger into Turin assuming any privileges of status, whatever Juve’s rocky recent form suggests.
“Yes, they have had some troubles, a rough start, but they are reliable, a proud club” said Tuchel, who revealed some troubles of his own: Chelsea will be without N’Golo Kante, who has tested positive for Covid-19, and the injured Mason Mount, Reece James and Christian Pulisic.
Juventus won at home on Sunday for the first time in three attempts in what has been a wretched beginning of the season. It was a victory, 3-2 against Sampdoria which barely disguised ongoing flaws and had some damaging fallout.
Paulo Dybala, who had opened the scoring with a graceful volley, limped off the field midway through the first half, in tears. His muscle injury rules him out against Chelsea. Manager Max Allegri’s plans to find a way past Tuchel’s resolute defence were further thwarted when Alvaro Morata, the former Chelsea centre-forward, withdrew, clutching his thigh. Morata will not play again until the second half of October.
Juventus leaked two goals as well, and have now gone 20 Serie A matches without a clean sheet, a startling statistic for a club whose domestic reputation over the last decade has been in large part built on an inviolable, rugged defence.
The poor recent record pains the long-serving warriors, Giorgio Chiellini and Leonardo Bonucci more than anybody. That pair, outstanding contributors to Italy’s triumph at Euro 2020 in the summer, are still the leaders of Juventus, deep into their 30s.
The choice of who plays behind Bonucci and Chiellini in what may well be a back three including Matthijs de Ligt is one of several vexing issues for Allegri. He dropped Wojciech Szczesny, his senior goalkeeper, against Sampdoria after the Pole had made some high-profile errors.
Mattia Perin, promoted in Szczesny’s place, can scarcely be blamed for the two Sampdoria goals, but the bad habits at the back continued. Six league games into the campaign, Juventus have shed 10 goals, and sit 10th in Serie A.
Chelsea 1 Zenit 0: player ratings
They finished fourth last season, only scraping into the Champions League spots on the last day, and waving goodbye to a record-breaking streak of nine successive titles, and, inevitably, to their novice coach, Andrea Pirlo. Allegri’s return to the job two summers after he was sacked, having just guided Juve to the top of the table for the fifth time, is an acknowledgement that the club have made poor executive decisions.
Some believe signing Cristiano Ronaldo for over €100m in 2018 was among them. The fee, coupled with the player’s huge salary, made Ronaldo a financial risk. Given that Juventus bought him from Real Madrid with the specific target of a Champions League triumph, CR7 also fell short of being the full Midas-touch magician Juve had hoped he would be.
But he was Juventus’s major source of goals for his three seasons in Italy. There were 36 Ronaldo goals last season, and he outscored everybody, including Romelu Lukaku - then of champions Inter, now of Chelsea - in Serie A. “It is no secret that any team without Cristiano will, in some parts of the game, be weaker,” said Tuchel. “But they have a deep squad.”
How deep will be examined on Wednesday. Take away Ronaldo, and Morata and Dybala - both of who scored in Juve’s 3-0 opening group phase win at Malmo - and Allegri is obliged to field a makeshift attack.
He hopes Federico Chiesa, attacking from wide positions, can provide some of the electricity he gave to Italy during the summer, and that Moise Kean, who rejoined Juventus in the summer, can test Chelsea’s back three with his acceleration and threat in the air.
Tuchel expects the stand-ins to up their game. Being European champions means “there is a higher value and motivation to play against us,” he said. “We have to accept this.”
The five pillars of Islam
10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
UAE currency: the story behind the money in your pockets
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.”
THE BIO
Favourite holiday destination: Whenever I have any free time I always go back to see my family in Caltra, Galway, it’s the only place I can properly relax.
Favourite film: The Way, starring Martin Sheen. It’s about the Camino de Santiago walk from France to Spain.
Personal motto: If something’s meant for you it won’t pass you by.
Sri Lanka-India Test series schedule
- 1st Test India won by 304 runs at Galle
- 2nd Test Thursday-Monday at Colombo
- 3rd Test August 12-16 at Pallekele
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The Rub of Time: Bellow, Nabokov, Hitchens, Travolta, Trump and Other Pieces 1986-2016
Martin Amis,
Jonathan Cape
Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
Funding stage: Seed round
Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Timeline
1947
Ferrari’s road-car company is formed and its first badged car, the 125 S, rolls off the assembly line
1962
250 GTO is unveiled
1969
Fiat becomes a Ferrari shareholder, acquiring 50 per cent of the company
1972
The Fiorano circuit, Ferrari’s racetrack for development and testing, opens
1976
First automatic Ferrari, the 400 Automatic, is made
1987
F40 launched
1988
Enzo Ferrari dies; Fiat expands its stake in the company to 90 per cent
2002
The Enzo model is announced
2010
Ferrari World opens in Abu Dhabi
2011
First four-wheel drive Ferrari, the FF, is unveiled
2013
LaFerrari, the first Ferrari hybrid, arrives
2014
Fiat Chrysler announces the split of Ferrari from the parent company
2015
Ferrari launches on Wall Street
2017
812 Superfast unveiled; Ferrari celebrates its 70th anniversary
Info
What: 11th edition of the Mubadala World Tennis Championship
When: December 27-29, 2018
Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams
Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823
The%20specs
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COMPANY%20PROFILE%20
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