Dubai Globe Soccer Awards: Mbappe and Lewandowski oppose biennial World Cup


John McAuley
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France forward Kylian Mbappe and Poland striker Robert Lewandowski have spoken out in opposition to Fifa’s plans to play the World Cup every two years, citing player welfare and a reduction in the appeal of the tournament as reasons they are against the idea.

Earlier this month, Fifa president Gianni Infantino said he believes he has the majority backing to increase the frequency of football’s showpiece tournament from four years to every two. Speaking at a virtual “global summit” on December 20, Infantino told the heads of national federations that biennial World Cups would increase revenue for a 48-team tournament by $4.4 billion over a four-year cycle.

However, there has been stern opposition to the plan from Uefa and Conmebol – the governing bodies for European and South American football, respectively – with Uefa president Aleksander Ceferin threatening to boycott any additional tournament. European clubs and its top leagues have also objected to the proposal.

Attending Monday night's Dubai Globe Soccer Awards, where he was named best men's player of the year, Paris Saint-Germain forward Mbappe, who starred in winning the 2018 World Cup with France, said: “We already play 60 games a year and there are already a lot of competitions. We are happy to play, but when it's too much, it is too much. If you want to have quality, you have to allow the players to rest.

“In my opinion the World Cup is the World Cup. it's a special thing because it's something every four years, if you want to keep that special.

"You saw [how] I talk about it, people talk about it, about the best team, the best competition in the world. If you have it every two years, it can start to be normal to play the World Cup. And I want to say that's not normal, that's something amazing, something you play maybe one time in your life."

Sitting alongside Mbappe, Bayern Munich striker Lewandowski underlined concerns that increasing the staging of the tournament would have a negative impact on players’ physical and mental health.

"I'm not a fan,” said the Poland captain, who on Monday collected the Maradona Award for best goal scorer and was voted TikTok fans' player of the year. “We already have so many games to play every each year, so many tough weeks, not only matches, because we have a lot of weeks of preparation whether for the season or for big tournaments.

"If we want to offer something a little different, which breaks the routine, it is also necessary to take breaks. It is impossible for the body, for the mentality as well. If you want to play football longer than 10 years you need a break.

“If we have a World Cup every two years, the period where footballers will be able to play at a high level will decrease.”

Next year's World Cup in Qatar is set to be the last with 32 teams, with the competition expanding to 48 from 2026. France, the reigning champions, have already qualified for Qatar 2022, with Poland facing a series of play-offs to reach the finals. They take on Russia in the first, in March.

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4,872 matches 

1,942 teams

116 pitches

76 nations

26 UAE teams

15 Lebanese teams

2 Kuwaiti teams

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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.”

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Rating: 3/5

Results:

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Updated: December 28, 2021, 6:07 AM