Bayern Munich manager Thomas Tuchel apologised to Harry Kane after the England captain's debut ended in a 3-0 defeat to RB Leipzig in the German Super Cup on Saturday.
Kane was named among the substitutes having sealed his €100 million move to Bayern from Tottenham just hours earlier. He made his first appearance off the bench in the 64th minute with his side already trailing 2-0 thanks to a Dani Olmo double.
Kane was unable to inspire a Bayern fightback as Olmo stole the show, completing his hat-trick minutes after Kane was introduced to seal an impressive win for German Cup holders Leipzig.
"I'm just sorry for Harry Kane, he probably thinks that we haven't trained for four weeks," said Tuchel, who admitted he was at a loss for words for the Bundesliga champions' limp performance.
"It's frightening, unexplainable," he said. "It was the case last season and clearly we have completely disintegrated to that frequency again today."
Kane, England and Tottenham's record goalscorer, had been the star attraction leading up to the match at Bayern's Allianz Arena, with fans lining up hours before kick-off to get their "Kane 9" shirts printed at the club store.
Kane, who was given the No 9 vacated by Robert Lewandowski last summer, had indicated on social media that he was "feeling good" and "looking forward to the match" after taking part in his first training session as a new Bayern player.
But he couldn't turn the tide as Leipzig were awarded a penalty three minutes after his introduction. Olmo converted the spot-kick to seal a first Super Cup title for Marco Rose's side.
Kane, who has lost three finals with Tottenham and one with England, must wait for his first ever trophy.
Leipzig had earlier stunned the Allianz Arena, taking the lead inside three minutes. David Raum's free-kick wasn't dealt with by Bayern and Olmo calmly stroked the ball beyond Sven Ulreich.
Harry Kane's Bayern Munich debut – in pictures
Things went from bad to worse for Bayern when Olmo scored a fabulous second to double Leipzig's advantage a couple of minutes before half-time. The Spaniard's deft pivot around Bayern defender Matthijs de Ligt allowed him the space to slot it calmly beyond Ulreich.
Kane, 30, has moved to Bayern after two decades at Tottenham where he was constantly thwarted in his bid for trophies.
"I felt like it was the time to leave. I didn't want to go into the season with a lot of unresolved future talk," said Kane in a message on social media.
"Obviously a lot of emotions going through me right now; sad to be leaving the club I've spent nearly 20 years of my life at, from 11-year-old boy to a 30-year-old man now.
"There's been so many great moments and special memories, memories that I will cherish forever."
After protracted negotiations between Bayern and Spurs chairman Daniel Levy a deal was finally struck on Thursday.
"It's been a long process, but now we're all the happier that Harry Kane will be wearing the Bayern Munich shirt with immediate effect," said Bayern CEO Jan-Christian Dreesen.
"Harry Kane was our absolute dream player right from the start. He is a perfect fit for us and the club's DNA in terms of both football and character."
Six-time European champions Bayern were in desperate need of a striker after struggling to replace Lewandowski, who left for Barcelona last season.
The club won the Bundesliga in each of Lewandowski's eight seasons in Munich, with the Pole averaging 30 goals per season. In 2022-23, not one Bayern player hit the 15 league goal mark.
Kane had scored more than 20 league goals in all but three of the past nine Premier League seasons, winning the Golden Boot on three occasions.
Kane, who was out of contract next summer, left Tottenham having scored 280 goals in 435 games to become the club's all-time leading goalscorer, but without a trophy.
He is also England's all-time top goalscorer with 58 international goals.
Silverware is all but guaranteed at Bayern, who have won 11 straight Bundesliga titles.
However, Bayern were eliminated by eventual winners Manchester City in the quarter-finals of the Champions League last season and only won the Bundesliga title on goal difference thanks to a final-day capitulation from Borussia Dortmund.
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
'Cheb%20Khaled'
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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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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Abu Dhabi GP schedule
Friday: First practice - 1pm; Second practice - 5pm
Saturday: Final practice - 2pm; Qualifying - 5pm
Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm
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Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
AL%20BOOM
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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.
Global state-owned investor ranking by size
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United States
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2.
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China
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3.
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UAE
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4.
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Japan
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5
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Norway
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6.
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Canada
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7.
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Singapore
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Australia
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Saudi Arabia
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South Korea
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Company profile
Company: Rent Your Wardrobe
Date started: May 2021
Founder: Mamta Arora
Based: Dubai
Sector: Clothes rental subscription
Stage: Bootstrapped, self-funded
Company profile
Company: Eighty6
Date started: October 2021
Founders: Abdul Kader Saadi and Anwar Nusseibeh
Based: Dubai, UAE
Sector: Hospitality
Size: 25 employees
Funding stage: Pre-series A
Investment: $1 million
Investors: Seed funding, angel investors
F1 drivers' standings
1. Lewis Hamilton, Mercedes 281
2. Sebastian Vettel, Ferrari 247
3. Valtteri Bottas, Mercedes 222
4. Daniel Ricciardo, Red Bull 177
5. Kimi Raikkonen, Ferrari 138
6. Max Verstappen, Red Bull 93
7. Sergio Perez, Force India 86
8. Esteban Ocon, Force India 56
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
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