Former Liverpool and Borussia Dortmund manager Jurgen Klopp has been appointed as the head of global soccer for Red Bull.
The German, 57, stepped down as Liverpool boss over the summer after nine years at Anfield, in which he won the Uefa Champions League, FA Cup, two League Cups, the Fifa Club World Cup and helped the Reds end a 30-year drought for an English league title.
Klopp, who also led Dortmund to two Bundesliga titles, a German Cup and a Champions League final in 2013, had announced in January he would be leaving Liverpool at the end of the season.
Klopp will join Red Bull on January 1, overseeing the multi-club organisation’s network of clubs.
“After almost 25 years on the sideline, I could not be more excited to get involved in a project like this,” he said. “The role may have changed but my passion for football and the people who make the game what it is has not.
“By joining Red Bull at a global level, I want to develop, improve and support the incredible football talent that we have at our disposal.
“There are many ways that we can do this, from using the elite knowledge and experience that Red Bull possesses to learning from other sports and other industries. Together we can discover what is possible.
“I see my role primarily as a mentor for the coaches and management of the Red Bull clubs but ultimately, I am one part of an organisation that is unique, innovative and forward looking. As I said, this could not excite me more.”
It is understood that Klopp has a clause in his contract allowing him to apply for the Germany national team job when current incumbent Julian Nagelsmann steps down. Nagelsmann penned an extension to his contract before Euro 2024 and will lead Germany at the 2026 World Cup in North America.
A Red Bull statement read: “In his strategic role, Jurgen Klopp will not be involved in the clubs’ day-to-day operations but will focus on supporting the sports directors in advancing the Red Bull philosophy.
“He will also leverage his extensive network to aid in scouting top talent and contribute to the training and development of coaches.”
Red Bull owns German side RB Leipzig, Austrian outfit Red Bull Salzburg, MLS side New York Red Bulls and Brazilian clubs Red Bull Bragantino and Red Bull Brasil. It is also the shirt sponsor of Leeds United after buying a minority stake in the English second-tier club earlier this year.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
LILO & STITCH
Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders
Director: Dean Fleischer Camp
Rating: 4.5/5
WTL%20SCHEDULE
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Favourite things
Luxury: Enjoys window shopping for high-end bags and jewellery
Discount: She works in luxury retail, but is careful about spending, waits for sales, festivals and only buys on discount
University: The only person in her family to go to college, Jiang secured a bachelor’s degree in business management in China
Masters: Studying part-time for a master’s degree in international business marketing in Dubai
Vacation: Heads back home to see family in China
Community work: Member of the Chinese Business Women’s Association of the UAE to encourage other women entrepreneurs
