Big-spending Chelsea completed the signing of midfielder Romeo Lavia from Southampton on Friday.
The Blues are reported to have forked out £53 million for the 19-year-old, who has played just 29 times in the Premier League, in a deal that could potentially rise to to £58 million.
It is the second time in a week that Chelsea have beaten Premier League rivals Liverpool to the signature of a highly rated midfielder after Brighton's Moises Caicedo chose Stamford Bridge over Anfield in what was a British record fee of £115 million.
“That is about the player's decision,” said Blues manager Mauricio Pochettino, ahead of Sunday's game at West Ham United. “It is their decision if they come here. It wasn't a competition, it was a player's decision to join us.
“That makes us very happy and they talk very highly about our owners and our sporting directors in the way that they work.
“The players wanted to come here because I think they are feeling something special. I hope they are feeling something special.”
Chelsea have now spent more than £350 million during this transfer window once performance-related add-ons are taken into account, with their other summer arrivals including Christopher Nkunku, Axel Disasi and Nicolas Jackson
However, those purchases have neen been significantly offset after a number of players left the club during the same window.
The likes of Kai Havertz, Mason Mount and Mateo Kovacic all joined Premier League clubs, while Kalidou Koulibaly, Edouard Mendy and N'Golo Kante moved to Saudi Arabia.
On Friday, Pochettino expressed his delight at new signing Lavia – and the backing he was been given by the club's owners to secure the record deal for Caicedo.
“We all know [Lavia], his quality, his profile. I think he is the perfect player for this project. We are excited and we are so happy to add him to the squad.
“The club worked really, really hard [to sign Caicedo]. I have to congratulate the owners and the sporting directors Laurence [Stewart] and Paul [Winstanley] because the deal was amazing.
“To add these type of players like Moises or Romeo and all the players singing, I think it was fantastic work from the club and I think we need to congratulate the job they are doing.”
The announcement of their latest new signing was tempered somewhat by the news that newly-appointed captain Reece James has picked up a hamstring injury that will rule him out for “a few weeks”.
It is the latest setback for England full-back Reece who managed just 16 Premier League appearances last season due to injuries and also missed the World Cup in Qatar.
Chelsea 1 Liverpool 1: Player ratings
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CHELSEA RATINGS: Robert Sanchez 7: One of three new players making their chelsea debuts, the former Brighton keeper was beaten all ends up by Salah's curling effort that hit bar and was helpless as Liverpool ripped apart the home defence ahead of Luiz goal. Quiet second half as Liverpool barely threatened. Reuters -

Axel Disasi 7: Part of a surprise Chelsea back three and then made an unexpected impact at other end of pitch when he scuffed home debut goal to level scores. Debut to remember for the defender signed from Monaco for nearly £40m. Getty -

Thiago Silva 9: Superb game from the veteran. Makes up for lack of pace with perfect positioning and the timing of his tackling is immaculate. His experience will be vital in what is a young Chelsea squad. AFP -

Levi Colwill 7: Defender, making his Chelsea debut, had impressive season on loan at Brighton last time out and has forced his way into Pochettino’s plans. Comfortable playing ball out from back and will benefit playing alongside Silva. Reuters -

Reece James 8: Chelsea’s new captain crossing was a constant threat and his link-up pay with Sterling down the right first class. Came off with 15 minutes to go with what appeared to be an injury which will be a worry for the Blues. Getty -

Enzo Fernandez 7: Good show from Argentine who was given freedom to roam forward in what was probably his best performance in a Chelsea shirt. Still along way to go to justify his £100m-plus price tag, though. Booked in first half after going head-to-head with Jota that also saw Liverpool attacker booked. -

Conor Gallagher 7: Given nod in midfield by Pochettino and played in deeper role to allow Fernadez more freedom to attack. Buzzed around from start to finish, snapping at Liverpool heels in middle of park and moved the ball around sensibly. AP -

Ben Chilwell 7: Headed assist for Disasi’s opener, then rounded Alisson to finish calmly for Chelsea’s second goal in two first-half minutes - only for his celebrations to be cut short after VAR truled him offside. Shot straight at Becker after poor first touch forced him wide in second half. Getty -

Carney Chukwuemeka 7: Teenage midfielder picked up very early booking for high boot on Konate but didn’t let that affect him in solid performance that earned him standing ovation from home fans when brought off in second half. PA -

Raheem Sterling 7: Very lively first half as he and James tore down the right flank but influence waned as match went on and annoyed home fans at one point in second half when he passed backwards rather than attacking the Liverpool defence. PA -

Nicolas Jackson 7: Promising game from Senegalese new despite shanking one shot wide of target early on and then blazed an even better chance over bar just before break. Caused Liverpool lots and problems, but would have been relieved when handball in own area was ruled accidental after VAR check. Reuters -

SUBS: Malo Gusto (On for James 76’) N/A. Getty -

Ian Maatsen (On for Chukwuemeka 82’) N/A. Reuters -

Mykhailo Mudryk (On for Sterling 82’) N/A. -

Leslie Ugochukwu (On for Chilwell 90’) N/A. -

LIVERPOOL RATINGS: Alisson Becker 7: Saved well at feet of Jackson after dangerous low cross by James in first half. Brazilian’s pass out from the back started the move for Diaz’s goal. A couple of regulation saves at his near post from Chilwell and Jackson after break. AFP -

Trent Alexander-Arnold 7: Wonderful through-ball to Salah saw Egyptian score in first half only for VAR to rule it out. Being latest victime of new time-wasting laws when he was booked for delaying taking a throw-in midway through second half. AFP -

Ibrahima Konate 7: One very well-timed sliding challenge to block Fernadez shot in 10th minute and provided his usual usual physical presenece at the back. Stood up well to Chelsea pressure in the second half. PA -

Virgil van Dijk 7: Dutchman was solid enough in first game as Liverpool’s new captain after Jordan Henderson’s exit for Saudi Arabia in the face of mounting pressure after break. Curled nice strike over bar at start of second half. Getty -

Andrew Robertson 6: Looked isolated in first half as he struggled to deal with James and Sterling’s passing and movement down the Liverpool left. Better after the break, though. EPA -

Alexis Mac Allister 6: Argentine World Cup winner started his Liverpool career in the holding role and was solid if unspectacular. Uncharacteristically caught in possession a couple of times and Liverpool are still lacking the sort of midfield security the apparently Chelsea-bound Moises Caicedo would provide. Getty -

Dominik Szoboszlai 7: Hungarian glided around the pitch in style in first half and looked like he had been playing in the Premier League for years. Less effective in second as Liverpool lost their attacking momentum but looks like he will be excellent signing. PA -

Cody Gakpo 5: Disappointing afternoon for Dutchman who was neat and tidy in possession but never really got foothold in game. Taken off in second half. EPA -

Luis Diaz 7: Fine first-time finish to put team in front after fabulous move that went from one end of pitch to other. Turned out to be Liverpool’s only shot on target. EPA -

Mohamed Salah 8: Whirlwind first half hour saw him curl shot with weaker right foot against bar, teed-up Dias for opening goal with superb ball and then had fine finish ruled out in tight offside call. Quieter second half but was furious at being substituted with 13 minutes left. EPA -

Diogo Jota 6: Bar his shouting match with Fernandez that earned him a booking, the Portuguese was relatively quiet in the opening 45 minutes. Not really much of an impact after the break either and was no shock when he was hooked with 25 minutes to go. AP -

Curtis Jones (On for Gapko 66;) 6: Brought on with Chelsea dominating and restricted to helping team hold out defensively. PA -

Darwin Nunez (On for Jota 66’) 6: Had shot deflected just wide of Chelsea’s goal in injury-time. PA -

Ben Doak (On for Luiz 77’) N/A. Getty Harvey Elliot (On for Salah 77’) N/A.
The 23-year-old was withdrawn in the second half of Chelsea's opening weekend draw with Liverpool but the latest issue arose during training.
“It's a hamstring. It's not a few days, a few weeks maybe,” said Pochettino, who has already lost Nkunku and Wesley Fofana to long-term injuries. “It's a sad moment because he's our captain, he was so excited to be the captain, full of energy.
“We are going to arses him day by day and as soon as possible we want him again with the team. For sure he's going to become stronger than he was because we are going to help him to become stronger than before.”
And Pochettino admitted Chelsea's transfer activity might not be over after missing out on Crystal Palace's Michael Olise with the French winger signing a new deal with the Eagles.
“We are working of course,” Pochettino added. “We're seeing all the options we can manage on the market. I think all the clubs are the same as us.
“In the same time we are keeping eyes on Armando Broja because I think we cannot forget him. We cannot stop him by bringing a profile of player that could stop his evolution. We really believe in him, he can be a really important strike for Chelsea. We need to be careful.”
Semi-final fixtures
Portugal v Chile, 7pm, today
Germany v Mexico, 7pm, tomorrow
KILLING OF QASSEM SULEIMANI
National Editorial: Suleimani has been killed, now we must de-escalate
Mina Al Oraibi: Air strike casts a long shadow over the decade ahead
Jack Moore: Why the assassination is such a monumental gamble
Matthew Levitt: Iran retains its ability to launch terror attacks
Damien McElroy: A CEO tasked with spreading Iran's influence
Hussein Ibish: Trump's order on solid constitutional ground
Simon Waldman: Cautious Israel keeping a low profile
Rashmee Roshan Lall: Sound of silence in South Asia
Fanar Haddad: The Iranian response will be gradual
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
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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.”
Full Party in the Park line-up
2pm – Andreah
3pm – Supernovas
4.30pm – The Boxtones
5.30pm – Lighthouse Family
7pm – Step On DJs
8pm – Richard Ashcroft
9.30pm – Chris Wright
10pm – Fatboy Slim
11pm – Hollaphonic
THE BIO
Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13
Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier
Favourite place to travel to: Any walkable city. I also love nature and wildlife
What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents.
Favorite place to go in the UAE: A quiet beach.
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GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Related
Race card for Super Saturday
4pm: Al Bastakiya Listed US$250,000 (Dh918,125) (Dirt) 1,900m.
4.35pm: Mahab Al Shimaal Group 3 $200,000 (D) 1,200m.
5.10pm: Nad Al Sheba Conditions $200,000 (Turf) 1,200m.
5.45pm: Burj Nahaar Group 3 $200,000 (D) 1,600m.
6.20pm: Jebel Hatta Group 1 $300,000 (T) 1,800m.
6.55pm: Al Maktoum Challenge Round 3 Group 1 $400,000 (D) 2,000m.
7.30pm: Dubai City of Gold Group 2 $250,000 (T) 2,410m.
RESULTS
2.30pm Jaguar I-Pace – Conditions (PA) Dh80,000 (Dirt)
1,600m
Winner Namrood, Antonio Fresu (jockey), Musabah Al Muhairi
(trainer)
3.05pm Land Rover Defender – Maiden (TB) Dh82,500 (D)
1,400m
Winner Shadzadi, Tadhg O’Shea, Bhupat Seemar
3.40pm Jaguar F-Type – Maiden (TB) Dh82,500 (Turf) 1,600m
Winner Tahdeed, Fernando Jara, Nicholas Bachalard
4.15pm New Range Rover – Handicap (TB) Dh87,500 (D) 1,400m
Winner Shanty Star, Richard Mullen, Rashed Bouresly
4.50pm Land Rover – Handicap (TB) Dh95,000 (T) 2,400m
Winner Autumn Pride, Bernardo Pinheiro, Helal Al Alawi
5.25pm Al Tayer Motor – Handicap (TB) Dh95,000 T) 1,000m
Winner Dahawi, Antonio Fresu, Musabah Al Muhairi
6pm Jaguar F-Pace SVR – Handicap (TB) Dh87,500 (D) 1,600m
Winner Scabbard, Sam Hitchcock, Doug Watson
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
COMPANY%20PROFILE
Personalities on the Plate: The Lives and Minds of Animals We Eat
Barbara J King, University of Chicago Press
How does ToTok work?
The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.
Users can also invite other contacts to download ToTok to allow them to make contact through the app.
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Killing of Qassem Suleimani
National Editorial: Suleimani has been killed, now we must de-escalate
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Matthew Levitt: Iran retains its ability to launch terror attacks
Damien McElroy: A CEO tasked with spreading Iran's influence
Hussein Ibish: Trump's order on solid constitutional ground
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More from Neighbourhood Watch:
War on waste
How to turn your property into a holiday home
- Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
- Research equivalent Airbnb homes in your location to ensure competitiveness.
- Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty.
- Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night.
- Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar.
EU Russia
The EU imports 90 per cent of the natural gas used to generate electricity, heat homes and supply industry, with Russia supplying almost 40 per cent of EU gas and a quarter of its oil.
Notable cricketers and political careers
- India: Kirti Azad, Navjot Sidhu and Gautam Gambhir (rumoured)
- Pakistan: Imran Khan and Shahid Afridi (rumoured)
- Sri Lanka: Arjuna Ranatunga, Sanath Jayasuriya, Tillakaratne Dilshan (rumoured)
- Bangladesh (Mashrafe Mortaza)
MORE FROM ED HUSAIN: The UAE-Israel accord is a win for every Muslim
Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.
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GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5

