Rodri celebrates after the Manchester City's Champions League smei-final victory over Real Madrid at the Etihad Stadium on May 17, 2023. Getty
Rodri celebrates after the Manchester City's Champions League smei-final victory over Real Madrid at the Etihad Stadium on May 17, 2023. Getty
Rodri celebrates after the Manchester City's Champions League smei-final victory over Real Madrid at the Etihad Stadium on May 17, 2023. Getty
Rodri celebrates after the Manchester City's Champions League smei-final victory over Real Madrid at the Etihad Stadium on May 17, 2023. Getty

Midfield governer Rodri shows he is best in business after Man City mauling of Real Madrid


Ian Hawkey
  • English
  • Arabic

Some 29 kilometres separate Villanueva de la Canada, on the western outskirts of Madrid, from the Santiago Bernabeu Stadium. That’s only a little more than the distance covered by one of Villanueva’s most talented natives, Rodrigo – ‘Rodri’ – Hernandez, over 180 masterly minutes spread over two nights against Madrid’s most famous sporting institution.

Most of that running involved Real Madrid players chasing, in vain, the shadow of Rodri, the cool, alert governor of Manchester City’s midfield.

As Real, deposed champions of Europe returned yesterday to the capital of Spain, thrashed 4-0 in the second leg of their Champions League semi-final at City, it was to a barrage of searching questions.

Among them how a madrilene showing such command during the tie’s first leg, the 1-1 draw in the Bernabeu, had somehow been overlooked by Real, the most glamorous club of his city, throughout his career. “Never on Real’s radar, not as a youth player nor as a senior professional,” noted the Spanish sports newspaper, As. “All very odd.”

El Pais called Rodri’s display, his overshadowing of Real’s two greats in midfield, Luke Modric and Toni Kroos, his authority in his defensive work and his initiative in building City’s relentless attacks, “imperial.” Rodri, El Pais thought, “was the machine that swept the champions aside”.

The winning manager, Pep Guardiola, celebrating City’s emphatic arrival in their second European Cup final within three years, had singled out his Spanish compatriot. “He is so important to us,” said Guardiola. “People talk about Erling Haaland, but without Rodri, we would not be where we are.”

The statistics from Wednesday’s masterclass bore him out: No City player had more touches of the ball than Rodri on an evening when Madrid were asphyxiated by City’s custody of possession. No player in either team issued more passes than Rodri’s 113, 90 per cent of them finding their target. He was involved directly in the build-up to two of City’s goals.

For Rodrygo last season, Rodri this. Guardiola traced back a coming-of-age performance for City – now soaring favourites as they prepare to face Italy’s Inter Milan to, at last, claim the club’s first Champions League title – to events at the Bernabeu in last year’s semi-final.

Manchester City 4 Real Madrid 0: Player ratings

City had led it from the second minute of the first leg until the 91st minute of the second leg. Madrid substitute Rodrygo’s sudden brace of goals from the bench dragged the tie into extra-time, when Karim Benzema’s penalty eliminated City.

“In that moment we had to swallow poison,” recalled the City manager, “and a year of being criticised for not having character. But sport always gives you another chance, and one year later we are in the final of the Champions League.”

Rodri echoed Guardiola. “Football gives opportunities to make amends, and you can always learn from past mistakes,” he said. “This season we have done things better and reached a peak moment.” He has his own redemptive arc. He has risen to a status where Guardiola is calling him “our best midfielder” after the teenaged disappointment of being let go by Atletico Madrid.

He rejoined Atletico from Villarreal in his early 20s, before signing for City in 2019. He closes out his fourth season in Manchester aspiring to a Treble. City can win their fifth Premier League in six years by beating Chelsea on Sunday. They face Manchester United in the FA final on June 3, and seven days later confront Inter in Istanbul.

City’s specific improvements, from 12 months ago, naturally include the signing of Haaland, who but for stunning saves from Thibaut Courtois at the Etihad, would have joined Bernardo Silva, who grabbed two first-half goals, Eder Militao, who scored an own goal, and Julian Alvarez on Wednesday’s scoresheet.

But the adjusted arrangements in the back half of the team, with Guardiola encouraging John Stones to step up from a position on the right of the defence into central midfield, has increased City’s control. It allows Rodri to take up more advanced positions, to make use of his passing excellence closer to the opposition goal.

That meant a step in a very different direction to which the Spain national team guided Rodri during the World Cup in Qatar, when he was used in central defence, the anchor midfield role reserved for Barcelona’s Sergio Busquets.

Spain’s campaign ended in an early elimination, at the last-16 round and Busquets’ retirement from national duty. Rodri will be restored to Spain’s midfield from now on, and has a very real prospect, at 26, of becoming admired as the very best in the world in his position.

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.”

Champions League Last 16

Red Bull Salzburg (AUT) v Bayern Munich (GER) 

Sporting Lisbon (POR) v Manchester City (ENG) 

Benfica (POR) v Ajax (NED) 

Chelsea (ENG) v Lille (FRA) 

Atletico Madrid (ESP) v Manchester United (ENG) 

Villarreal (ESP) v Juventus (ITA) 

Inter Milan (ITA) v Liverpool (ENG) 

Paris Saint-Germain v Real Madrid (ESP)  

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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.

Dirham Stretcher tips for having a baby in the UAE

Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:

• Buy second hand stuff

 They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.

• Get a health card and vaccinate your child for free at government health centres

 Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.

• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.

Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.

• Once baby is ready for solids, cook at home

Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.

START-UPS%20IN%20BATCH%204%20OF%20SANABIL%20500'S%20ACCELERATOR%20PROGRAMME
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Forced%20Deportations
%3Cp%3EWhile%20the%20Lebanese%20government%20has%20deported%20a%20number%20of%20refugees%20back%20to%20Syria%20since%202011%2C%20the%20latest%20round%20is%20the%20first%20en-mass%20campaign%20of%20its%20kind%2C%20say%20the%20Access%20Center%20for%20Human%20Rights%2C%20a%20non-governmental%20organization%20which%20monitors%20the%20conditions%20of%20Syrian%20refugees%20in%20Lebanon.%3C%2Fp%3E%0A%3Cp%3E%E2%80%9CIn%20the%20past%2C%20the%20Lebanese%20General%20Security%20was%20responsible%20for%20the%20forced%20deportation%20operations%20of%20refugees%2C%20after%20forcing%20them%20to%20sign%20papers%20stating%20that%20they%20wished%20to%20return%20to%20Syria%20of%20their%20own%20free%20will.%20Now%2C%20the%20Lebanese%20army%2C%20specifically%20military%20intelligence%2C%20is%20responsible%20for%20the%20security%20operation%2C%E2%80%9D%20said%20Mohammad%20Hasan%2C%20head%20of%20ACHR.%3Cbr%3EIn%20just%20the%20first%20four%20months%20of%202023%20the%20number%20of%20forced%20deportations%20is%20nearly%20double%20that%20of%20the%20entirety%20of%202022.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ESince%20the%20beginning%20of%202023%2C%20ACHR%20has%20reported%20407%20forced%20deportations%20%E2%80%93%20200%20of%20which%20occurred%20in%20April%20alone.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EIn%20comparison%2C%20just%20154%20people%20were%20forcfully%20deported%20in%202022.%3C%2Fp%3E%0A
Violence%20
%3Cp%3EInstances%20of%20violence%20against%20Syrian%20refugees%20are%20not%20uncommon.%3C%2Fp%3E%0A%3Cp%3EJust%20last%20month%2C%20security%20camera%20footage%20of%20men%20violently%20attacking%20and%20stabbing%20an%20employee%20at%20a%20mini-market%20went%20viral.%20The%20store%E2%80%99s%20employees%20had%20engaged%20in%20a%20verbal%20altercation%20with%20the%20men%20who%20had%20come%20to%20enforce%20an%20order%20to%20shutter%20shops%2C%20following%20the%20announcement%20of%20a%20municipal%20curfew%20for%20Syrian%20refugees.%3Cbr%3E%E2%80%9CThey%20thought%20they%20were%20Syrian%2C%E2%80%9D%20said%20the%20mayor%20of%20the%20Nahr%20el%20Bared%20municipality%2C%20Charbel%20Bou%20Raad%2C%20of%20the%20attackers.%3Cbr%3EIt%20later%20emerged%20the%20beaten%20employees%20were%20Lebanese.%20But%20the%20video%20was%20an%20exemplary%20instance%20of%20violence%20at%20a%20time%20when%20anti-Syrian%20rhetoric%20is%20particularly%20heated%20as%20Lebanese%20politicians%20call%20for%20the%20return%20of%20Syrian%20refugees%20to%20Syria.%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

Updated: May 18, 2023, 4:27 PM