Paris Saint-Germain's Joao Neves, left, embraces teammate Vitinh. The pair have been instrumental in the French club's record-breaking campaign that could culminate in being crowed world champions. AP
Paris Saint-Germain's Joao Neves, left, embraces teammate Vitinh. The pair have been instrumental in the French club's record-breaking campaign that could culminate in being crowed world champions. AP
Paris Saint-Germain's Joao Neves, left, embraces teammate Vitinh. The pair have been instrumental in the French club's record-breaking campaign that could culminate in being crowed world champions. AP
Paris Saint-Germain's Joao Neves, left, embraces teammate Vitinh. The pair have been instrumental in the French club's record-breaking campaign that could culminate in being crowed world champions. AP

PSG v Bayern: How a defeat in Munich turbocharged Luis Enrique's record breakers


Ian Hawkey
  • English
  • Arabic

Back in late November, Paris Saint-Germain travelled to Bavaria for a meeting with Bayern Munich that looked, from the French club’s lowly perspective in the Uefa Champions League table, genuinely perilous. They were sitting 25th in the 36-team hierarchy, stuck in the basement of the competition’s new format with just four points from as many fixtures.

At Bayern they added no points to that tally, losing 1-0 on an evening peppered with conspicuous individual errors. They played the last 33 minutes with 10 men, Ousmane Dembele, the senior striker, having received two yellow cards. By the time of his departure, PSG had long been trailing, the goalkeeper, Matvey Safonov, promoted to the starting XI ahead of Gianluigi Donnarumma, having fumbled at a Bayern corner, inviting Kim Min-jae to head Bayern in front. PSG head coach Luis Enrique returned to Paris to read, in some French media, fevered speculation that he might very soon be sacked.

That all seems a long time ago. Since then, Luis Enrique had been elevated to a peerless status, the only coach ever to have guided PSG to a European Cup, the most prestigious trophy in club football, and something that in over a decade of costly striving, via a long line of coaches with proven expertise in European competitions, the club had never managed to find the right formula for.

Carlo Ancelotti, Thomas Tuchel and Unai Emery all came and left Paris without the big prize that the club’s backers, the deep-pocketed Qatar Sports Investment group who took majority ownership of PSG in 2011, have targeted above any other. When, last month in Munich, they achieved it with the widest margin of victory in a final – 5-0 against Internazionale – in all the European Cup’s 70 years of existence, Luis Enrique stepped into sporting immortality.

Hindsight suggests the exasperating defeat to Bayern in late autumn had been a turning point, the impulse for corrections that would transform Luis Enrique’s PSG from the old caricature of a team who are domestic bullies – they have won 11 of the last 13 French titles – but always brittle against Europe’s elite, into confident, swaggering masters of their continent. Or maybe even the world, if they can overcome Bayern in Atalanta in the quarter-final of the Club World Cup on Saturday, and put themselves in prospect of a semi-final against Real Madrid or Borussia Dortmund.

Since that trip to Bayern, PSG have lost only five matches of 45. None of those defeats were consequential: They had already wrapped up the Ligue 1 title when they lost twice, late on the French season; the narrow losses in single legs against Liverpool and Aston Villa in the Uefa Champions League were both part of aggregate wins in knockout ties. Botafogo beat them in the group stage of the Club World Cup last month, but PSG won both other pool-phase games to secure progress.

And among the heroes of this momentum are, very prominently, Donnarumma, whose No 1 status was put into doubt back in November, and Dembele, who since his red card in Munich, has been smartly polishing his candidacy for the 2025 Ballon d’Or. He is the leading goalscorer for a goal-rich team.

Dembele has 33 PSG goals from his 50 club matches so far, and 25 of those have been scored in the period, since the turn of the year, that the positive momentum truly gathered. It’s a fine tally for a player sometimes deemed as erratic, and asked to shoulder big responsibilities in a squad that last July waved goodbye to the prolific Kylian Mbappe.

PSG forward Bradley Barcola, right, in action against Inter Miami in the Fifa Club World Cup last 16. EPA
PSG forward Bradley Barcola, right, in action against Inter Miami in the Fifa Club World Cup last 16. EPA

Dembele has not been short of allies, either. Bradley Barcola has 21 goals across competitions, Goncalo Ramos 18 and Desire Doue, the 20-year-old who has been rapidly overtaking Barcola and Ramos in the hierarchy of forwards, has scored 15 times. Achraf Hakimi, the tireless marauder from right-back, has reached double figures for club goals in 2024/25. “In this team, everyone can score and set up goals,” observes Dembele.

The appetite for more goals is not easily stated, either. In the calendar year so far, PSG have dealt out a series of pummellings. Poor Brest conceded 15 in the space of three games against PSG in February – one in Ligue 1, and across two legs of a Champions League last-16 tie – but if results like a 6-1 away win at Saint-Etienne and 4-1 against Monaco are not so exceptional in PSG’s domination of their own league, the thumping scorelines against foreign clubs do catch the eye. The 4-0 victory over Lionel Messi’s Inter Miami last weekend that earned PSG’s place in the Club World Cup’s last eight was the 15th time since January 1 they have scored at least four goals in a single fixture.

The juggernaut has rolled over some high-class opponents, too. Along this highway into history Manchester City, Liverpool, Villa and Arsenal were all beaten on the way to the routing of Inter. The Club World Cup campaign began with a 4-0 thrashing of Atletico Madrid.

Yet if PSG have, over the last six months, put a heavy dent in their enduring, past reputation for regularly failing against the heavyweights of Europe, Bayern still have an ominous aura for the French champions.

There was the loss in November. There was a deeply dispiriting elimination in the knockout phase of the Uefa Champions League two seasons ago, a 3-0 aggregate defeat that left Mbappe coldly reflecting of PSG “this is our maximum” and resolving that his personal future would look better served at Real Madrid. Back in 2020, it was Bayern who crushed PSG’s European Cup dream most cruelly. That season, PSG reached the first of their two finals in the competition. Bayern won it 1-0.

But in Atlanta, PSG take on Bayern with, marginally, the status of favourites. “When you have won the Uefa Champions League, you’re automatically one of the favourites for this competition,” said Dembele. “But this is about the 90 minutes. We saw that [in PSG’s loss] against Botafogo in the group phase. What’s vital is that we stay focussed.”

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.”

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

While you're here
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FOLD%204
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UAE currency: the story behind the money in your pockets
Results
%3Cp%3E%3Cstrong%3EStage%206%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Tim%20Merlier%20(BEL)%20Soudal%20Quick-Step%20%E2%80%93%203hrs%2041min%2012sec.%3Cbr%3E2.%20Sam%20Bennett%20(GBR)%20Bora%20%E2%80%93%20Hansgrohe%20%E2%80%93%20ST%3Cbr%3E3.%20Dylan%20Groenewegen%20(NED)%20Team%20Jayco%20Alula%20%E2%80%93%20ST%3Cbr%3E%3Cstrong%3EGeneral%20classification%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%3Cbr%3E2.%20Lucas%20Plapp%20(AUS)%20Ineos%20Grenaders%20%E2%80%93%209sec%3Cbr%3E3.%20Pello%20Bilbao%20(ESP)%20Bahrain%20Victorious%20%E2%80%93%2013sec%3C%2Fp%3E%0A
MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Raha%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Kuwait%2FSaudi%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Tech%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2414%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Soor%20Capital%2C%20eWTP%20Arabia%20Capital%2C%20Aujan%20Enterprises%2C%20Nox%20Management%2C%20Cedar%20Mundi%20Ventures%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20166%3C%2Fp%3E%0A
Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
Japan 30-10 Russia

Tries: Matsushima (3), Labuschange | Golosnitsky

Conversions: Tamura, Matsuda | Kushnarev

Penalties: Tamura (2) | Kushnarev

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Set-jetting on the Emerald Isle

Other shows filmed in Ireland include: Vikings (County Wicklow), The Fall (Belfast), Line of Duty (Belfast), Penny Dreadful (Dublin), Ripper Street (Dublin), Krypton (Belfast)

Places to go for free coffee
  • Cherish Cafe Dubai, Dubai Investment Park, are giving away free coffees all day. 
  • La Terrace, Four Points by Sheraton Bur Dubai, are serving their first 50 guests one coffee and four bite-sized cakes
  • Wild & The Moon will be giving away a free espresso with every purchase on International Coffee Day
  • Orange Wheels welcome parents are to sit, relax and enjoy goodies at ‘Café O’ along with a free coffee
WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

Updated: July 05, 2025, 5:49 AM