Mohamed Salah, left, has played a key role in Liverpool's perfect Champions League record this season. Reuters
Mohamed Salah, left, has played a key role in Liverpool's perfect Champions League record this season. Reuters
Mohamed Salah, left, has played a key role in Liverpool's perfect Champions League record this season. Reuters
Mohamed Salah, left, has played a key role in Liverpool's perfect Champions League record this season. Reuters

Liverpool, Real Madrid, Manchester City: Who can qualify for the Champions League knockout stages?


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The revamped Uefa Champions League reaches a critical moment on Wednesday when the final round of group-stage matches take place.

All 36 teams are in action, with 18 games kicking-off at midnight UAE and all but two of them involving clubs who could make it through to the last 16.

The stage is set for an exciting finale to the inaugural expanded group section with a huge amount still to play for.

How many teams can still qualify for last-16?

Heading into Matchday 8, here is a quick refresher on how the new group-stage format works.

For those that finish in the top eight, it is mission accomplished, a place in the knockout stage is safely in the bag and the next round of last-16 matches will not take place until March 4-5. Those teams will also be seeded, which should, in theory, mean an easier draw. The draw takes place on February 21.

Taking on those eight teams will be the winners of eight two-legged knockout play-off ties, which involve the clubs who finish ninth to 24th in the table.

Those finishing between ninth and 16th will take on a club placed 17th to 24th and have the advantage of playing the second leg at home in front of their own supporters.

Alas, for those that find themselves 25th to 36th, their Champions League dream is over for this season.

There also is no consolation of parachuting down to the second-tier Europa League, as was the case for teams that finished third in the previous group-stage format.

The play-off clashes are scheduled for February 11-12 and 18-19 with the last-16 draw set for two days later.

Which teams have already qualified?

Two teams have safely secured their last-16 spot with a game still to play.

Liverpool top the table with a perfect record of seven wins from seven games, defeating the likes of reigning European champions Real Madrid (2-0) and Bundesliga title-holders Bayer Leverkusen (4-0) along the way.

Arne Slot's side – who also top the English Premier League table by six points with a game in hand – have scored 15 goals, conceding a miserly two. A draw against PSV Eindhoven in their final game will seal them top spot in the inaugural group stage.

Barcelona are also through having won six and lost one of their matches, the last of which saw the Spanish giants twice fight back from two-goals down to beat Benfica 5-4 in Portugal. Victory in their last game at home to Atalanta will guarantee second place.

Barca also have the two top scorers so far in this season's competition in nine-goal Robert Lewandowski and teammate Raphinha, who has eight.

Top-eight spot sealed: Liverpool and Barcelona.

Who are next favourites to seal top-eight spots?

There are five teams currently in the top eight who will remain there if they win their final game.

Arsenal (third place) and Inter Milan (fourth place) both have 16 points and will be safely through if they defeat respective opponents Girona (away) and Monaco (home) on Wednesday.

Atletico Madrid (fifth) and AC Milan (sixth) are on 15 points and face Red Bull Salzburg (away) and Dinamo Zagreb (away). Seventh-place Atalanta are a point and place behind and tackle already-qualified Barca in Spain last up.

Top-eight spot sealed if they win: Arsenal, Inter Milan, Atletico Madrid, AC Milan and Atalanta.

What about the best of the rest?

Some of European football's big guns look set for a play-off battle if they are to make the last-16.

Six-time European Cup winners Bayern Munich and 15-time winners Real Madrid – currently 15th and 16th, respectively, on 12 points – take on Slavan Bratislava (home) and Brest (away) in their final games.

Borussia Dortmund – last year's runners-up – are also on 12 points with Shakhtar Donetsk next up, while Paris Saint-Germain – beaten finalists in 2020 – are 22nd on 10 points and travel to Stuttgart needing a win.

At least play-off spot sealed: Arsenal, Inter Milan, Atletico Madrid, AC Milan, Atalanta, Bayer Leverkusen, Aston Villa, Monaco, Feyenoord, Lille, Brest, Borussia Dortmund, Bayern Munich, Real Madrid, Juventus, Celtic.

Any big clubs under threat of early knockout?

There is one team more than any other currently outside the top 24 that stands out from the rest.

Manchester City were Champions League winners for the first time only two year ago when they defeated Inter Milan in Istanbul.

But this season has proven to be comfortably the toughest of Pep Guardiola's City reign and Spaniard's managerial career as a whole.

An unprecedented run of one win in 13 games across competitions saw City drop off the pace domestically and in Europe.

An undefeated six-game run has propelled them back up to fourth in the Premier League but they currently sit 25th in the Champions League on eight points.

City's situation is simple going into their home game against Club Brugge: Win, and they are through to the play-offs, lose, and they are out.

Progression unclear: PSV, Club Brugge, Benfica, PSG, Sporting, Stuttgart, Manchester City, Dinamo Zagreb, Shakhtar Donetsk

Already out: Bologna, Sparta Prague, Leipzig, Girona, Red Star Belgrade, Sturm Graz, Salzburg, Slovan Bratislava, Young Boys.

War and the virus
The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

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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Updated: January 29, 2025, 7:30 PM