Manchester United player Mason Greenwood arrives at Manchester Crown Court in November 2022. EPA
Manchester United player Mason Greenwood arrives at Manchester Crown Court in November 2022. EPA
Manchester United player Mason Greenwood arrives at Manchester Crown Court in November 2022. EPA
Manchester United player Mason Greenwood arrives at Manchester Crown Court in November 2022. EPA

Mason Greenwood and Manchester United 'mutually agree' that player will leave club


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Manchester United and Mason Greenwood have mutually agreed for the forward to recommence his career away from the club.

The 21-year-old has been suspended by the club since January 30, 2022, over allegations relating to a young woman after images and videos were posted online.

Greenwood was facing charges including attempted rape and assault until the Crown Prosecution Service announced six and a half months ago that the case had been discontinued.

The forward has remained suspended by United throughout this period and the club have now confirmed the forward will be not be returning to the Old Trafford set-up.

The PA news agency understands the club are working with Greenwood's family to find the right environment for him to continue his career, with discussions under way to find the correct solution.

United said in a club statement: "Manchester United has concluded its internal investigation into the allegations made against Mason Greenwood.

"Our process commenced in February 2023, following all charges against Mason being dropped.

"Throughout, we have taken into account the wishes, rights and perspective of the alleged victim along with the club's standards and values, and sought to collate as much information and context as possible.

"This has required us to proceed with sensitivity and care to obtain evidence not in the public domain, including from those with direct knowledge of the case.

"Based on the evidence available to us, we have concluded that the material posted online did not provide a full picture and that Mason did not commit the offences in respect of which he was originally charged.

"That said, as Mason publicly acknowledges today, he has made mistakes which he is taking responsibility for.

"All those involved, including Mason, recognise the difficulties with him recommencing his career at Manchester United.

"It has therefore been mutually agreed that it would be most appropriate for him to do so away from Old Trafford, and we will now work with Mason to achieve that outcome. "

Greenwood scored 35 goals in 129 matches for the club, with his last appearance coming on January 22, 2022.

The forward's Old Trafford contract runs until June 2025, including the option to extend for a further year, and United sources indicated that the player is not expected to play for the club again.

Mason Greenwood scored 35 goals in 129 matches for Manchester United, with his last appearance coming on January 22, 2022. AP
Mason Greenwood scored 35 goals in 129 matches for Manchester United, with his last appearance coming on January 22, 2022. AP

Greenwood said in a statement: "I was brought up to know that violence or abuse in any relationship is wrong, I did not do the things I was accused of, and in February I was cleared of all charges.

"However, I fully accept I made mistakes in my relationship, and I take my share of responsibility for the situations which led to the social media post.

"The best decision for us all, is for me to continue my football career away from Old Trafford, where my presence will not be a distraction for the club.

"I am enormously grateful to my family and all my loved ones for their support, and it is now for me to repay the trust those around me have shown. I intend to be a better footballer, but most importantly a good father, a better person, and to use my talents in a positive way on and off the pitch."

It was reported last week that chief executive Richard Arnold told the club's executive leadership in early August that United were planning to bring Greenwood back.

That story and further information led increased pressure on the club, with Arnold publishing a public letter to supporters upon the conclusion of their internal investigation.

The chief executive said that, while United "were unable to access certain evidence for reasons we respect", the evidence they did "collate led us to conclude that Mason did not commit the acts he was charged with".

Arnold acknowledged timings had "been influenced by my desire to minimise the impact of the investigation on our men's and women's teams, as well as our Lionesses" and said "the alternative would have been to compromise due process or create untimely disruption".

"While I am satisfied that Mason did not commit the acts he was charged with," he added, "Mason's accepted that he has made mistakes which he takes responsibility for."

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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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Updated: August 21, 2023, 2:54 PM