Just 34,568 fans watched Barcelona against Atletico Madrid on Sunday evening, a La Liga match between two giants fighting for the title.
Both teams were packed with stars in a game filled with intrigue. How would Barca's on-loan Joao Felix do against the team who pushed him away last term (he scored the winner), or Memphis Depay do for Atletico on loan from Barcelona (the substitute didn’t do much)?
More people watched two games in England’s second tier at Leeds United and Sunderland last week. The attendance against Atletico was Barcelona’s lowest of the season so far, way down from the equivalent fixtures last term which attracted 80, 965.
There are numerous reasons why. The main one is that Barcelona are playing games at the city’s Olympic Stadium while Camp Nou is being rebuilt and expanded to hold 105,000. But even the Olympic Stadium, located high on Montjuic overlooking Barcelona, was well short of its 51,000 capacity on Sunday.
The stadium may be as beautiful as the views you get over Barcelona, accessible via a series of escalators climbing 150 metres above the city, but it wasn’t built for football and the views from thousands of seats are really poor. The stands are separated from the pitch by the athletics track which staged the 1992 Olympic Games. And there’s plenty of space around the track.
As a result, the seats behind the goals, especially on the upper tier, are so far from the pitch that it’s almost impossible to watch the game. Lower down, it’s difficult to judge the distances. Barcelona keep the first 15 rows empty, creating a poor image on television, though not as poor as for those fans who would have to sit in those low seats far from the pitch.
The tickets in this section were €55 each, plus a €3.50 booking fee. There are no discounts for children. Tickets along the side of the pitch for this weekend’s Catalan derby against Girona cost between €139 and €169, plus a booking fee. Ticket prices are far higher to watch games in Spain than in England or Germany, where average wages are far higher than in Spain.
Barcelona have vast support capable of attracting over 90,000 to see their stellar women’s side when they played at Camp Nou, but not at the prices being asked by the club for the men’s team.
Attendances are likely to go down in the winter especially for games played at unsociable hours (Sunday’s was with a 9pm kick off). Games are switched to suit television, so don’t be surprised when match-going fans stay away.
Those Barca fans who do go to games try their best to create an atmosphere in their cold, exposed, temporary home where the temperature is often a couple of degrees colder than in the city below. But while Camp Nou is surrounded by night life, the Olympic Stadium stands in near isolation.
There are more factors. Barcelona market themselves heavily to the football tourists. They have had considerable success in doing so and charge tourists far more for tickets, but there are far fewer tourists in Barcelona in December than in the summer. The clasico against Real Madrid saw the only sell-out of the season, but that’s a global event.
Barcelona ratings v Atletico Madrid
Barcelona got it wrong with their regulars, too. They increased prices sharply for this season – and most fans decided it was too much to pay. Only 8,000 members paid up. Barca were forced to halve their prices; now, the most expensive regular season ticket is €870 while fans in the most vocal section behind the goal pay only €175.
Yet, even so, Barcelona had sold only 17,500 once the season got under way. Second division Espanyol have 22,000 season ticket holders, third tier Deportivo La Coruna 25,556.
The initial pricing policy annoyed fans, many of whom then took the option of a year’s pause from their season tickets. Barcelona optimistically hope to be back in Camp Nou a year from now.
Barcelona are currently emailing members with offers as they try to shift tickets for a team that’s doing well enough in the league but whose club is well short of their aim to fill their temporary home for every game.
The%20specs
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
'Cheb%20Khaled'
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
RESULTS
2.15pm Maiden (PA) Dh40,000 (Dirt) 1,200m
Winner Shawall, Abdul Aziz Al Balushi (jockey), Majed Al Jahouri (trainer)
2.45pm Handicap (PA) Dh40,000 (D) 1,200m
Winner Anna Bella Aa, Fabrice Veron, Abdelkhir Adam
3.15pm Handicap (PA) Dh40,000 (D) 1,200m
Winner AF Thayer, Tadhg O’Shea, Ernst Oertel
3.45pm Handicap (PA) Dh40,000 (D) 1,700m
Winner Taajer, Fabrice Veron, Eric Lemartinel
4.15pm The Ruler of Sharjah Cup – Prestige (PA) Dh250,000 (D) 1,700m
Winner Jawaal, Jim Crowley, Majed Al Jahouri
4.45pm Handicap (TB) Dh40,000 (D) 2,000m
Winner Maqaadeer, Jim Crowley, Doug Watson
UAE SQUAD
Omar Abdulrahman (Al Hilal), Ali Khaseif, Ali Mabkhout, Salem Rashed, Khalifa Al Hammadi, Khalfan Mubarak, Zayed Al Ameri, Mohammed Al Attas (Al Jazira), Khalid Essa, Ahmed Barman, Ryan Yaslam, Bandar Al Ahbabi (Al Ain), Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmin (Al Wasl), Adel Al Hosani, Ali Hassan Saleh, Majed Suroor (Sharjah), Ahmed Khalil, Walid Abbas, Majed Hassan, Ismail Al Hammadi (Shabab Al Ahli), Hassan Al Muharrami, Fahad Al Dhahani (Bani Yas), Mohammed Al Shaker (Ajman)
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
RESULT
Liverpool 4 Southampton 0
Jota (2', 32')
Thiago (37')
Van Dijk (52')
Man of the match: Diogo Jota (Liverpool)
ALRAWABI%20SCHOOL%20FOR%20GIRLS
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Abu Dhabi World Pro 2019 remaining schedule:
Wednesday April 24: Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-6pm
Thursday April 25: Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-5pm
Friday April 26: Finals, 3-6pm
Saturday April 27: Awards ceremony, 4pm and 8pm
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SPECS
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Cricket World Cup League Two
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Fixtures
Wednesday January 8 –Oman v Namibia
Thursday January 9 – Oman v UAE
Saturday January 11 – UAE v Namibia
Sunday January 12 – Oman v Namibia
More Expo 2020 Dubai pavilions:
COMPANY%20PROFILE%20
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Company profile
Date started: December 24, 2018
Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer
Based: Dubai Media City
Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)
Sector: ConsumerTech and FinTech
Cashflow: Almost $1 million a year
Funding: Series A funding of $2.5m with Series B plans for May 2020
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.”
The Case For Trump
By Victor Davis Hanson
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)
MEFCC information
Tickets range from Dh110 for an advance single-day pass to Dh300 for a weekend pass at the door. VIP tickets have sold out. Visit www.mefcc.com to purchase tickets in advance.