• Manchester City's Erling Haaland celebrates with Kevin De Bruyne and Phil Foden after scoring their fifth goal in the 6-0 Premier League win against Ipswich Town at Portman Road on Sunday, January 19, 2025. Reuters
    Manchester City's Erling Haaland celebrates with Kevin De Bruyne and Phil Foden after scoring their fifth goal in the 6-0 Premier League win against Ipswich Town at Portman Road on Sunday, January 19, 2025. Reuters
  • James McAtee of Manchester City scores his team's sixth goal. Getty Images
    James McAtee of Manchester City scores his team's sixth goal. Getty Images
  • Manchester City's James McAtee celebrates after scoring his side's sixth goal. AP
    Manchester City's James McAtee celebrates after scoring his side's sixth goal. AP
  • Manchester City's Erling Haaland scores their fifth goal. Reuters
    Manchester City's Erling Haaland scores their fifth goal. Reuters
  • Manchester City's Jeremy Doku scores their fourth goal. PA
    Manchester City's Jeremy Doku scores their fourth goal. PA
  • Phil Foden of Manchester City makes it 3-0. Getty Images
    Phil Foden of Manchester City makes it 3-0. Getty Images
  • Manchester City's Mateo Kovacic scores to make it 2-0. Getty Images
    Manchester City's Mateo Kovacic scores to make it 2-0. Getty Images
  • Phil Foden of Manchester City celebrates scoring his team's first goal with Mateo Kovacic. Getty Images
    Phil Foden of Manchester City celebrates scoring his team's first goal with Mateo Kovacic. Getty Images

'Be a one-club man': Guardiola urges Foden to follow Haaland and commit future to Manchester City


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Pep Guardiola wants Phil Foden to follow in Erling Haaland’s footsteps and commit his entire career to Manchester City.

Haaland this week signed a record-breaking new nine-and-a-half-year contract, potentially keeping him at the club until 2034.

The Norwegian striker celebrated with a goal in Sunday’s 6-0 thrashing of Ipswich, while Foden also scored twice.

England international Foden has been key to City’s recent mini-revival, having scored five goals in his last three Premier League outings.

The 24-year-old was named Premier League Player of the Season for 2023/24 but had struggled to make the same impact during the early months of the current campaign.

His contract runs until 2027, but Guardiola said: “He should not (leave). He can be a one-club man and finish his career here and play many, many years. At his age and with the amount of goals, the amount of games, the amount of assists, his work ethic.

“The biggest quality is that around the box he has goals in his blood, his bones, in his mind. He thinks, ‘I’m going to score’.

“It’s not easy to find. That’s why I want to try to put him in central positions because he has a specific quality.

“We talked many times over the last month or weeks, he was a completely different boy at the beginning of the season with a few problems, because they are human beings and sometimes in a long career you have a setback, it’s normal.

“But we’re really pleased that he’s happy again and enjoying playing and that’s really good for all of us.”

City looked like they are enjoying playing again in posting their biggest Premier League win in more than two years at Portman Road.

Mateo Kovacic, Jeremy Doku and James McAtee were also on target as the champions, who kicked off in eight place, moved above Newcastle United into fourth on goal difference.

It was their biggest league win since hammering Nottingham Forest by the same scoreline in August 2022 and means, following their shocking run towards the end of last year of only one win in 14 matches, they are back in the top four for the first time since December 1.

“For a long time we didn’t perform in the way we have done and the most important thing today was obviously the result, but is the fact they realised what we were. For a long time, for many reasons we weren’t,” added Guardiola.

“The important thing is realising, ‘Oh, when we do this, OK, we can compete or we can be a team enjoying what we like to do’.

“Hopefully the players can feel it. We have talked a lot lately about what we have missed.”

Memories of Ipswich’s 9-0 humiliation by Manchester United 30 years ago came flooding back to many at Portman Road, but, mercifully for them, City declared on six.

Town boss Kieran McKenna said: “It was a painful game for us, no doubt about that. The opponent was too strong for us in all aspects.

“It was a good game for 27 minutes. We could have had the first goal. But after the first goal their confidence and quality went to a level we couldn’t deal with. It was a really difficult day.”

'Nightmare Alley'

Director:Guillermo del Toro

Stars:Bradley Cooper, Cate Blanchett, Rooney Mara

Rating: 3/5

Venom

Director: Ruben Fleischer

Cast: Tom Hardy, Michelle Williams, Riz Ahmed

Rating: 1.5/5

Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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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England v South Africa Test series:

First Test: at Lord's, England won by 211 runs

Second Test: at Trent Bridge, South Africa won by 340 runs

Third Test: at The Oval, July 27-31

Fourth Test: at Old Trafford, August 4-8

Updated: January 20, 2025, 6:30 AM