Carlo Ancelotti insists he has no issue with Real Madrid ahead of his exit this summer, which will see him take over as manager of Brazil's national team.
The Italian's second spell as Real coach has only weeks left to run. It follows a difficult campaign that is set to finish without a trophy.
There has been no official announcement from Real about Ancelotti's future – something the coach says he has no issue with – despite the expected arrival of former midfielder Xabi Alonso as his replacement.
In the worst-kept secret in football, Alonso will leave his post as Bayer Leverkusen coach to replace Ancelotti at Real this summer. The Spaniard revealed last Friday that he is leaving the German club at the end of the Bundesliga campaign, without confirming his next destination.
Then on Monday, the Brazilian Football Confederation (CBF) announced “the coming together of two icons” with Ancelotti taking over as Selecao coach on May 26, the day after La Liga's season ends.
Ancelotti will be in the dugout on Wednesday when Real face Mallorca, knowing that defeat will ensure Barcelona, currently top by seven points with three games to go, become La Liga champions.
If Real do come away with three points, Barca can secure the title 24 hours later away to Espanyol.
“If I didn't have the press conference today, it would be fantastic,” said Ancelotti on Tuesday. “There are things I can't explain right now because I'm at Madrid and I want to respect the shirt.
“From May 26 onwards, I'll be Brazil's coach. It's a very important challenge, but I want to finish the final stretch of this fantastic adventure here well.
“I never had problems with Real and never will have problems with Real. It's a club that lives dearly in my heart, but everything in life has a date to end.
“I couldn't be Madrid coach for the rest of my life. It comes to an end for many reasons. The club may need a new impetus. I'm not making a big deal out of it.
“A thousand thanks to this club. And we'll carry on. I'll always be a Madrid fan. It's the end of an era. Spectacular. I never thought I'd coach Madrid for six years, and now it's happened.”
Ancelotti took over at the Bernabeu for a second time in 2021 following the resignation of Zinedine Zidane, immediately guiding the team to a Uefa Champions League and La Liga double.
He would repeat that feat last season, making Ancelotti the only coach to win the Champions League five times – two clear of Zidane, Pep Guardiola and Bob Paisley.
“I always kept in mind that one day it ends,” reflected Ancelotti on Tuesday. “I've had a great time, and I think everyone has, but there comes a time when it ends. Football is like life; something begins and ends.
“I've had a great time. We've won a lot, and it will be a memory for life.
“The day I arrived [for the second time], if they told me I'd win 11 titles in four years, I'd sign it with my own blood. It's been an unforgettable time.”
This season has been a huge disappointment for Ancelotti and Real. They have been beaten an unprecedented four times by rivals Barcelona – including 4-0 and 5-2 thrashings in La Liga and the Spanish Supercup final.
A 3-2 loss in the Copa del Rey final followed in April before Sunday's 4-3 defeat at the Olympic Stadium all but handed Barcelona the title.
Real's reign as European champions was ended at the quarter-final stage by English Premier League side Arsenal after a comprehensive 5-1 defeat over two legs.
Leaking goals has been a problem all season, not helped by a defensive crisis that has seen Dani Carvajal, Eder Militao, David Alaba, and Ferland Mendy all picking up serious, long-term injuries.
Centre-half Antonio Rudiger has been out of action since undergoing knee surgery last month, while French midfielder Eduardo Camavinga, who has filled in at left-back, will not play again this season after tearing the tendon in his left abductor muscle.
At the other end of the pitch, summer signing Kylian Mbappe tops the La Liga scoring charts with 27 goals – including a hat-trick against Barca at the weekend – while notching 38 times across competitions.
But Mbappe's arrival has also upset Real's attacking balance. Jude Bellingham has failed to reach the heights of his debut season which saw him score 23 goals. The England international has been forced into a more withdrawn role, seeing his goal tally drop by 10.
Fellow forward Rodrygo has seen his role diminish to the extent that Marca reported that he refused to come on as a substitute in Sunday's Clasico and wants to leave this summer.
The Brazilian then hobbled out of Tuesday's training session ahead of the Mallorca match.
“Rodrygo had a fever last week, which prevented him from returning at his best, even though he tried to grit his teeth,” Ancelotti insisted. “He felt pain in his leg. We need to assess him to see what's wrong.
“The rest is just speculation. Everyone here has a special affection for Rodrygo, especially me.”
Origin
Dan Brown
Doubleday
Mubalada World Tennis Championship 2018 schedule
Thursday December 27
Men's quarter-finals
Kevin Anderson v Hyeon Chung 4pm
Dominic Thiem v Karen Khachanov 6pm
Women's exhibition
Serena Williams v Venus Williams 8pm
Friday December 28
5th place play-off 3pm
Men's semi-finals
Rafael Nadal v Anderson/Chung 5pm
Novak Djokovic v Thiem/Khachanov 7pm
Saturday December 29
3rd place play-off 5pm
Men's final 7pm
The specs
Engine: 6.2-litre supercharged V8
Power: 712hp at 6,100rpm
Torque: 881Nm at 4,800rpm
Transmission: 8-speed auto
Fuel consumption: 19.6 l/100km
Price: Dh380,000
On sale: now
The bio
Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
University: Emirates Airline National Cadet Programme and Hamdan University
Job Title: Pilot, First Officer
Number of hours flying in a Boeing 777: 1,200
Number of flights: Approximately 300
Hobbies: Exercising
Nicest destination: Milan, New Zealand, Seattle for shopping
Least nice destination: Kabul, but someone has to do it. It’s not scary but at least you can tick the box that you’ve been
Favourite place to visit: Dubai, there’s no place like home
The specs
Engine: 2.0-litre four-cylinder turbo
Power: 268hp at 5,600rpm
Torque: 380Nm at 4,800rpm
Transmission: CVT auto
Fuel consumption: 9.5L/100km
On sale: now
Price: from Dh195,000
THE SPECS
Engine: 1.5-litre turbocharged four-cylinder
Transmission: Constant Variable (CVT)
Power: 141bhp
Torque: 250Nm
Price: Dh64,500
On sale: Now
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.”
if you go
The flights
Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.
The hotel
Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.
The tour
Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg
Where to donate in the UAE
The Emirates Charity Portal
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
Al Noor Special Needs Centre
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Emirates Airline Foundation
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
Emirates Red Crescent
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Noor Dubai Foundation
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).
CREW
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Last 10 NBA champions
2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2
MORE ON TURKEY'S SYRIA OFFENCE
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
MATCH INFO
Uefa Champions League semi-final, first leg
Barcelona v Liverpool, Wednesday, 11pm (UAE).
Second leg
Liverpool v Barcelona, Tuesday, May 7, 11pm
Games on BeIN Sports
