Liverpool manager Jurgen Klopp has reiterated his intention to leave the club at the end of the season. PA
Liverpool manager Jurgen Klopp has reiterated his intention to leave the club at the end of the season. PA
Liverpool manager Jurgen Klopp has reiterated his intention to leave the club at the end of the season. PA
Liverpool manager Jurgen Klopp has reiterated his intention to leave the club at the end of the season. PA

Jurgen Klopp: No chance of U-turn on Liverpool exit despite Edwards' return


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Liverpool manager Jurgen Klopp insists the return of Michael Edwards as Fenway Sports Group’s chief executive of football will have no influence on his decision to leave the club at the end of the season.

The German, who says he no longer has the energy to lead the team, is set to depart Anfield in the summer, signalling the end of an era for the Merseyside club.

Owners FSG stepped up their succession planning this week by re-hiring former sporting director Edwards, the man who originally brought Klopp to the Premier League in 2015.

Edwards helped shape the most successful period in Liverpool's recent history, building the squad that won the Champions League in 2019 and the Premier League the following year, signing players such as Mohamed Salah, Virgil van Dijk, Alisson and Sadio Mane.

He left the club in 2022 but has been persuaded to return in a more senior role, with final say on all footballing matters.

Klopp, however, who was talking ahead of the Reds' Europa League last-16 second leg tie against Sparta Prague on Thursday night, revealed he had already to spoken to Edwards to reiterate his intention to leave.

“We had that conversation [about staying],” said Klopp. “Michael and I always had a really good relationship. Very good on a professional basis anyway. Really good.

“A lot of good things happened in the time when we were here together. Mike decided to do something else. Now he is back I'm really happy.

“I said a few times I want to see the club in the best possible place after I left. Everything I can do while I am here I will do. After other people will have to do it. It's a top solution. Our conversation was great.

“We spoke about a lot of things that I think about. Because I was in all the time while he was not in. What might have to change, these type of things. It's top news for the club.”

Asked if Edwards had tried to persuade him to stay, Klopp added: “No, because, and that's important in the job, he's not dumb. That's not a subject to talk about to be honest. Can you imagine I change my mind? Of course not. I cannot say what I said, about not having another club in England then sign for next year for our neighbours or whatever. It's crazy.

“I don't say these things without thinking before. It's not like I am now realising how great this club is. I know it's the best club in the world and I leave it anyway. I just want the club to do as good as somehow possible. I am really sure there is a good basis with the right people in charge. He is top choice.”

With his side leading 5-1 from the first leg, Klopp hinted at changes for the return against the Czech side at Anfield.

“The idea of the line-up will be to have the best legs for that game, because that's what we need,” he said. “We have to ignore the result [from the first leg]. We need to keep the rhythm and keep going.”

Meanwhile, Bayer Leverkusen and West Ham go into Thursday's fixtures both needing positive results to reach the quarter-finals after failing to win their first-leg ties.

A late Patrik Schick equaliser spared Leverkusen's blushes in Baku, and also maintained their unbeaten record this season, after Qarabag surprisingly held the Bundesliga leaders to a 2-2 draw.

“Maybe it's true that the result is more fortunate for us than for Qarabag. Great respect, they perhaps deserved a better result,” said Leverkusen coach Xabi Alonso after the first leg.

Bayer Leverkusen's Czech forward Patrik Schick celebrates scoring his team's late equaliser against Qarabag in Baku. AFP
Bayer Leverkusen's Czech forward Patrik Schick celebrates scoring his team's late equaliser against Qarabag in Baku. AFP

German side Freiburg take a 1-0 lead to West Ham but will still need to defy the Hammers' impressive home record in Europe to progress.

Europa Conference League holders West Ham have won all 10 of their last 10 European games at the London Stadium, going back over the last two seasons.

“We'll do everything to try to turn it around. We'll have our crowd and atmosphere behind us,” said Hammers manager David Moyes.

Rangers host Benfica with the tie all to play for following an entertaining 2-2 draw in Lisbon, while Brighton look all but out after a 4-0 thrashing by Roma last week.

Sporting Lisbon will visit Italians Atalanta all square after holding the visitors to a 1-1 first-leg draw, despite Atalanta hitting the post three times.

Italian giants AC Milan go to Slavia Prague with a two-goal buffer, after winning 4-2 at the San Siro, and Marseille make the trip to Villarreal sitting four goals to the good following a dominant first-leg display.

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

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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Euro 2020

Group A: Italy, Switzerland, Wales, Turkey 

Group B: Belgium, Russia, Denmark, Finland

Group C: Netherlands, Ukraine, Austria, 
Georgia/Kosovo/Belarus/North Macedonia

Group D: England, Croatia, Czech Republic, 
Scotland/Israel/Norway/Serbia

Group E: Spain, Poland, Sweden, 
N.Ireland/Bosnia/Slovakia/Ireland

Group F: Germany, France, Portugal, 
Iceland/Romania/Bulgaria/Hungary

Omar Yabroudi's factfile

Born: October 20, 1989, Sharjah

Education: Bachelor of Science and Football, Liverpool John Moores University

2010: Accrington Stanley FC, internship

2010-2012: Crystal Palace, performance analyst with U-18 academy

2012-2015: Barnet FC, first-team performance analyst/head of recruitment

2015-2017: Nottingham Forest, head of recruitment

2018-present: Crystal Palace, player recruitment manager

 

 

 

 

Gulf Under 19s final

Dubai College A 50-12 Dubai College B

COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

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Updated: March 13, 2024, 4:29 PM