Antonio Conte has called for patience after Tottenham were eliminated from the Champions League Round of 16 by AC Milan. Getty
Antonio Conte has called for patience after Tottenham were eliminated from the Champions League Round of 16 by AC Milan. Getty
Antonio Conte has called for patience after Tottenham were eliminated from the Champions League Round of 16 by AC Milan. Getty
Antonio Conte has called for patience after Tottenham were eliminated from the Champions League Round of 16 by AC Milan. Getty

Conte: Tottenham 'might sack me before end of season' after Champions League exit


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Tottenham manager Antonio Conte said he could be sacked before the end of the season after the club's faltering campaign took another disappointing turn with an uninspired exit from the Champions League on Wednesday night.

Aiming to overturn a 1-0 deficit from the last-16 first leg against AC Milan, Spurs were held to a goalless draw at the Tottenham Hotspur Stadium and rarely threatened to pull themselves back into the tie, producing just two shots on target. The hosts' attempts to progress were dealt a further setback with 12 minutes remaining when defender Cristian Romero was sent off for a second yellow card.

Conte, who has been recovering from gallbladder surgery, returned to the touchline for the first time since the first leg in Milan last month, and after an FA Cup defeat away to Sheffield United and a Premier League loss at Wolves ahead of Wednesday night's game, the Italian admitted his time at the club could come to an end sooner rather than later.

“I’m under contract at Tottenham, then we will decide at the end of the season with the club,” Conte said.

“My contract expires in June, we will see – they might sack me even before the end of the season. Perhaps the expectations were higher and they may be disappointed? What matters for a coach is trying to work and raise the bar. This year we are struggling to raise the bar.”

Following elimination from the FA Cup and Champions League in the same week, Tottenham now look set for a 15th successive season without silverware. Spurs are still fourth in the Premier League and hold hopes of qualifying for next season's Champions League, although fifth-placed Liverpool's return to form makes the Reds favourites for a coveted top-four place. Should Liverpool and Newcastle, in sixth, win their games in hand Tottenham will slip out of the top four.

Tottenham v AC Milan player ratings

  • TOTTENHAM PLAYER RATINGS: Fraser Forster, 6 – Untested for the most part in what turned into a pretty drab affair, although he kept his side in the tie just after the break with a big save on Diaz. EPA
    TOTTENHAM PLAYER RATINGS: Fraser Forster, 6 – Untested for the most part in what turned into a pretty drab affair, although he kept his side in the tie just after the break with a big save on Diaz. EPA
  • Cristian Romero, 2 – Lacked discipline. Picked up an avoidable booking when he opted to stop Leao in his tracks with brute force. He escaped without further punishment when he cynically fouled Diaz but saw red after clattering Hernandez. Getty
    Cristian Romero, 2 – Lacked discipline. Picked up an avoidable booking when he opted to stop Leao in his tracks with brute force. He escaped without further punishment when he cynically fouled Diaz but saw red after clattering Hernandez. Getty
  • Clement Lenglet, 6 – Became the second man to rule himself out of the next round for a stray elbow into the back of Giroud’s head, although in the end it didn’t matter. A clean sheet against a decent side, but Milan barely had to leave second gear. Getty
    Clement Lenglet, 6 – Became the second man to rule himself out of the next round for a stray elbow into the back of Giroud’s head, although in the end it didn’t matter. A clean sheet against a decent side, but Milan barely had to leave second gear. Getty
  • Ben Davies, 5 – A couple of important interceptions from the Welshman, but he also put the ball straight out of play after miscontrolling Maignan’s punt forward. If anything summed up the evening, it was probably that. AP
    Ben Davies, 5 – A couple of important interceptions from the Welshman, but he also put the ball straight out of play after miscontrolling Maignan’s punt forward. If anything summed up the evening, it was probably that. AP
  • Emerson Royal, 7 – Had Maignan scrambling when his deflected strike span towards the corner of the goal, but Tomori had taken the sting out of the shot. Took the ball off the head of Giroud with a vital flick on at the back post. Reuters
    Emerson Royal, 7 – Had Maignan scrambling when his deflected strike span towards the corner of the goal, but Tomori had taken the sting out of the shot. Took the ball off the head of Giroud with a vital flick on at the back post. Reuters
  • Oliver Skipp, 4 – Escaped an early yellow card for wrestling Leao who was looking to race away for the first time. Failed to inject any creativity on a dismal night for Spurs. Getty
    Oliver Skipp, 4 – Escaped an early yellow card for wrestling Leao who was looking to race away for the first time. Failed to inject any creativity on a dismal night for Spurs. Getty
  • Pierre-Emile Hojbjerg, 4 –Like Skipp, he failed to produce a spark to get Spurs ticking in the middle in a passive performance. With that said, he tested Maignan for the first time with a powerful effort. Getty
    Pierre-Emile Hojbjerg, 4 –Like Skipp, he failed to produce a spark to get Spurs ticking in the middle in a passive performance. With that said, he tested Maignan for the first time with a powerful effort. Getty
  • Ivan Perisic, 4 – A sluggish performance from the Croatian who allowed Milan to recycle the ball after a poor cross stayed in play, and failed to prevent a well-worked set-piece from reaching Messias at the far post as the latter fired wide. EPA
    Ivan Perisic, 4 – A sluggish performance from the Croatian who allowed Milan to recycle the ball after a poor cross stayed in play, and failed to prevent a well-worked set-piece from reaching Messias at the far post as the latter fired wide. EPA
  • Dejan Kulusevski, 5 – A disappointing first half that started brightly when he neatly turned the ball around the corner for Perisic but fizzled out. Provided a couple of teasing deliveries in a better second-half display, but he was still nowhere near his best. Getty
    Dejan Kulusevski, 5 – A disappointing first half that started brightly when he neatly turned the ball around the corner for Perisic but fizzled out. Provided a couple of teasing deliveries in a better second-half display, but he was still nowhere near his best. Getty
  • Son Heung-min, 4 – A quiet night from the usually tireless South Korea star, who won his side a corner with a deflected strike but offered little else. Admittedly he didn’t have much service to feed off, and he almost set up a dramatic equaliser when he found Kane late on. Getty
    Son Heung-min, 4 – A quiet night from the usually tireless South Korea star, who won his side a corner with a deflected strike but offered little else. Admittedly he didn’t have much service to feed off, and he almost set up a dramatic equaliser when he found Kane late on. Getty
  • Harry Kane, 6 –. Opened Milan up for the first time when he charged forward and laid the ball off for Kulusevski. He found chances hard to come by after that, although he almost snatched an underserved lifeline when his stoppage-time header was brilliantly saved. Getty
    Harry Kane, 6 –. Opened Milan up for the first time when he charged forward and laid the ball off for Kulusevski. He found chances hard to come by after that, although he almost snatched an underserved lifeline when his stoppage-time header was brilliantly saved. Getty
  • Pedro Porro (Perisic 53'), 7 – Had a chance to make an almost instant impact, but he hit a poor free-kick straight into the wall from a promising area. He was full of energy in a decent display and he thwarted Tonali with a huge block. Getty
    Pedro Porro (Perisic 53'), 7 – Had a chance to make an almost instant impact, but he hit a poor free-kick straight into the wall from a promising area. He was full of energy in a decent display and he thwarted Tonali with a huge block. Getty
  • Davinson Sanchez (Kulusevski 53'), 6 – Replaced Kulusevski to a chorus of boos, which probably wasn’t how it wanted to mark his 200th appearance for Spurs. EPA
    Davinson Sanchez (Kulusevski 53'), 6 – Replaced Kulusevski to a chorus of boos, which probably wasn’t how it wanted to mark his 200th appearance for Spurs. EPA
  • Richarlison (Emerson 69'), 4 – Should have been booked for checking Maignan and then grabbing the goalkeeper by the throat. Petulant behaviour when Spurs had a job to do. Reuters
    Richarlison (Emerson 69'), 4 – Should have been booked for checking Maignan and then grabbing the goalkeeper by the throat. Petulant behaviour when Spurs had a job to do. Reuters
  • AC MILAN PLAYER RATINGS: Mike Maignan, 8 – Untroubled by a couple of deflected strikes from Emerson and Kane in the first half. Produce a late wonder-save to deny the latter and ensure Milan progressed, but it was an otherwise quiet night for the Milan goalkeeper. Getty
    AC MILAN PLAYER RATINGS: Mike Maignan, 8 – Untroubled by a couple of deflected strikes from Emerson and Kane in the first half. Produce a late wonder-save to deny the latter and ensure Milan progressed, but it was an otherwise quiet night for the Milan goalkeeper. Getty
  • Pierre Kalulu, 7 – Halted a promising Spurs counter with a calculated sliding challenge as the game entered the home straight and he got a vital connection on a dangerous cross with a white shirt lurking behind him. Reuters
    Pierre Kalulu, 7 – Halted a promising Spurs counter with a calculated sliding challenge as the game entered the home straight and he got a vital connection on a dangerous cross with a white shirt lurking behind him. Reuters
  • Malick Thiaw, 7 – Untroubled for most of the night despite rising Tottenham pressure after the break. Effectively broke up the play when he took out Richarlison who was looking to play in Son and Milan escaped unscathed. AFP
    Malick Thiaw, 7 – Untroubled for most of the night despite rising Tottenham pressure after the break. Effectively broke up the play when he took out Richarlison who was looking to play in Son and Milan escaped unscathed. AFP
  • Fikayo Tomori, 8 – Solid and reliable. Got an important body in the way of Emerson’s strike which allowed Maignan to smother, and he did a superb job on Kane to significantly blunt the Spurs attack. Getty
    Fikayo Tomori, 8 – Solid and reliable. Got an important body in the way of Emerson’s strike which allowed Maignan to smother, and he did a superb job on Kane to significantly blunt the Spurs attack. Getty
  • Junior Messias, 6 – Dragged a big chance horribly wide after a well-crafted move that caught Spurs napping, and he saw another opportunity go begging when he cut inside nicely only to blast miles over Forster’s crossbar. AFP
    Junior Messias, 6 – Dragged a big chance horribly wide after a well-crafted move that caught Spurs napping, and he saw another opportunity go begging when he cut inside nicely only to blast miles over Forster’s crossbar. AFP
  • Rade Krunic, 6 – Had Milan cantering up the field before he was halted by Skipp as Milan started positively. Nullified the Tottenham midfield in a scrappy encounter. AFP
    Rade Krunic, 6 – Had Milan cantering up the field before he was halted by Skipp as Milan started positively. Nullified the Tottenham midfield in a scrappy encounter. AFP
  • Sandro Tonali, 6 – Picked out Giroud with a lovely lofted ball over the top, but the forward’s overhead kick attempt was all wrong and failed to match the gloss of Tonali’s pass. Wasted a huge opportunity when he fired straight into Porro. AP
    Sandro Tonali, 6 – Picked out Giroud with a lovely lofted ball over the top, but the forward’s overhead kick attempt was all wrong and failed to match the gloss of Tonali’s pass. Wasted a huge opportunity when he fired straight into Porro. AP
  • Theo Hernandez, 8 – Led by example. Scrapped for everything and made life difficult for the Spurs midfielders, although he wasted an early chance to pile on the pressure when his free-kick was far too deep. AFP
    Theo Hernandez, 8 – Led by example. Scrapped for everything and made life difficult for the Spurs midfielders, although he wasted an early chance to pile on the pressure when his free-kick was far too deep. AFP
  • Brahim Diaz, 8 – Lively. Came to life after the break when he danced into the penalty area and forced a smart save from Forster, before winning a free-kick in a dangerous area after nutmegging Emerson. Getty
    Brahim Diaz, 8 – Lively. Came to life after the break when he danced into the penalty area and forced a smart save from Forster, before winning a free-kick in a dangerous area after nutmegging Emerson. Getty
  • Rafael Leao, 7 – Always looked to be a dangerous outlet. Scuffed his best effort after the break after great work from Diaz but the latter should have scored after brilliant work from Leao moments later. Getty
    Rafael Leao, 7 – Always looked to be a dangerous outlet. Scuffed his best effort after the break after great work from Diaz but the latter should have scored after brilliant work from Leao moments later. Getty
  • Olivier Giroud, 6 – The former Arsenal and Chelsea man will have been hungry for a goal given the opposition. He forced Forster into action with an instinctive volley after good work from Leao, but otherwise he struggled for clear-cut chances. EPA
    Olivier Giroud, 6 – The former Arsenal and Chelsea man will have been hungry for a goal given the opposition. He forced Forster into action with an instinctive volley after good work from Leao, but otherwise he struggled for clear-cut chances. EPA
  • SUBS: Alexis Saelemaekers (Messias 56'), 6 – A decent outing from the substitute who made himself busy in the Milan midfield. AP
    SUBS: Alexis Saelemaekers (Messias 56'), 6 – A decent outing from the substitute who made himself busy in the Milan midfield. AP
  • Ismael Bennacer (Diaz 81'), NR – Tested the gloves of Forster from distance as the minutes trickled down. Getty
    Ismael Bennacer (Diaz 81'), NR – Tested the gloves of Forster from distance as the minutes trickled down. Getty
  • Divock Origi (Giroud 81'), NR – The former Liverpool man broke Spurs' hearts in the Champions League final four years ago, and he almost did so again when his 94th-minute effort hammered the post. AP
    Divock Origi (Giroud 81'), NR – The former Liverpool man broke Spurs' hearts in the Champions League final four years ago, and he almost did so again when his 94th-minute effort hammered the post. AP
  • Ante Rebic (Leao 89'), NR – A brief cameo for the experienced winger. Getty
    Ante Rebic (Leao 89'), NR – A brief cameo for the experienced winger. Getty

It marks a stark contrast from Conte's first seven months in charge when, after being appointed in November 2021, he led Spurs from eighth in the Premier League table to a top-four finish.

“I’m really sorry for the fans but we cannot get the win,” Conte said. “It’s important to know this or hope for a miracle that one day a trophy comes to us … we have to build and have patience. I understand the fans don’t have patience because for a long time Tottenham have not been winning, but what I can promise is that we continue to work and try to improve.

“In this moment we don’t have a solid foundation to be competitive to fight to win, in my opinion. We tried to work and understand the right players to create a foundation, and in the market to find a resolution to improve, but at the moment the club knows my thoughts.

“I have a great relationship with my chairman but that doesn’t mean I don’t tell them what my vision is. We will see. We have to finish the season. We have a contract until June. I’m happy to work in Tottenham but at the end I will make a decision. The club knows my vision and my thoughts about the situation.”

While issues persist at Tottenham, progress to the quarter-finals provides a boost to Milan, who have seen their Serie A title defence collapse. Milan sit fifth in the league table, 18 points behind runaway leaders Napoli.

"I like to think there’s nothing impossible in sport," Milan manager Stefano Pioli said. "Clearly, only the best in Europe remain, and each round gets more difficult, but I am sure that all the European experiences, especially the negative ones – help us step up a level.

"Now we must go into the quarter-final with confidence and belief."

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

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.

SM Town Live is on Friday, April 6 at Autism Rocks Arena, Dubai. Tickets are Dh375 at www.platinumlist.net

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THE SPECS

2020 Toyota Corolla Hybrid LE

Engine: 1.8 litre combined with 16-volt electric motors

Transmission: Automatic with manual shifting mode

Power: 121hp

Torque: 142Nm

Price: Dh95,900

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

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.”

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

The biog

Name: Shamsa Hassan Safar

Nationality: Emirati

Education: Degree in emergency medical services at Higher Colleges of Technology

Favourite book: Between two hearts- Arabic novels

Favourite music: Mohammed Abdu and modern Arabic songs

Favourite way to spend time off: Family visits and spending time with friends

TEST SQUADS

Bangladesh: Mushfiqur Rahim (captain), Tamim Iqbal, Soumya Sarkar, Imrul Kayes, Liton Das, Shakib Al Hasan, Mominul Haque, Nasir Hossain, Sabbir Rahman, Mehedi Hasan, Shafiul Islam, Taijul Islam, Mustafizur Rahman and Taskin Ahmed.

Australia: Steve Smith (captain), David Warner, Ashton Agar, Hilton Cartwright, Pat Cummins, Peter Handscomb, Matthew Wade, Josh Hazlewood, Usman Khawaja, Nathan Lyon, Glenn Maxwell, Matt Renshaw, Mitchell Swepson and Jackson Bird.

Updated: March 09, 2023, 5:38 AM