Manchester United's Marcus Rashford celebrates scoring their second goal. Action Images via Reuters / Jason Cairnduff
Manchester United's Marcus Rashford celebrates scoring their second goal. Action Images via Reuters / Jason Cairnduff
Manchester United's Marcus Rashford celebrates scoring their second goal. Action Images via Reuters / Jason Cairnduff
Manchester United's Marcus Rashford celebrates scoring their second goal. Action Images via Reuters / Jason Cairnduff

Arsenal’s great advocate of youth Wenger undone by Manchester United wunderkind Marcus Rashford


Richard Jolly
  • English
  • Arabic

MANCHESTER // Arsene Wenger's first Premier League title was facilitated by a teenage striker. A fourth, and probably last, was rendered less likely by another.

Marcus Rashford was a few months old when Nicolas Anelka was the electric apprentice who sped to prominence in 1998. Eighteen years later, the Manchester United wunderkind has made a swifter journey from anonymity to ubiquity.

He scored four goals in three days and two games. Wenger, the great advocate of youth, was tormented by a teenager. Arsenal were unable to cope with an unknown.

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The league debutant brought a sense of novelty to a day when Arsenal revealed familiar flaws. There was a lack of leadership, a capacity to concede in calamitous fashion, an opportunity missed. Fragility forms part of their psyche yet they played with an unwarranted complacency. If they will never get a better chance to win the title again under Wenger, nor will they arrive at Old Trafford as such favourites. Previous Arsenal teams have lost to some battle-hardened United sides. This one was defeated by a crèche.

By the end, Louis van Gaal, deprived of 12 injured players, had handed out a fifth debut in a week. James Weir was on in midfield. Timothy Fosu-Mensah, with plenty of enthusiasm but no positional sense, was producing an erratic impression of a left-back. United’s two central defenders, Michael Carrick and Daley Blind, were men with the skill-sets of midfielders. Arsenal still could not capitalise.

It made for an anarchic occasion. Even Van Gaal, that great advocate of order, contributed. One who rarely rises to his feet harangued fourth official Mike Dean about what he perceived was Arsenal's penchant for going to ground too easily, mimicking it in a melodramatic tumble in his technical area. Supporters who may have arrived prepared to call for his head instead chorused his name.

Chaos reigned, especially in the Arsenal defence. Per Mertesacker was dropped after a harrowing evening against the world’s best player, Lionel Messi. Gabriel replaced him, to endure a fraught afternoon against one who, until recently, was starring for United’s Under 18s.

Rashford’s promotion owed much to injuries, to Wayne Rooney and Anthony Martial, but also to Adnan Januzaj, Marouane Fellaini and Will Keane. If he was about the sixth-choice striker until recently, he seems to have arrived in the first team fully formed. He looks a mini-Martial, equipped with similar speed and a willingness to trick defenders, and two first-time finishes were evidence of a striking instinct that bodes well.

“He could be a very positive surprise for Manchester United,” Wenger said.

Barely two hours into his United career, Rashford had scored as many goals as Radamel Falcao mustered in his ill-fated spell at Old Trafford. The Colombian’s four strikes came at a combined cost of £20 million (Dh102m) in loan fee and wages. Rashford’s have been rather cheaper.

There is a cautionary tale in the shape of the last United youth product to make such a startling start to his first-team career. Federico Macheda is now an unused substitute for Cardiff City. Yet if he seemed an opportunistic finisher, Rashford showed evidence of greater ability.

“The player who was surprising talent-wise was Rashford,” Wenger said. “The timing and intelligence of his movement was great.” He displayed a trick during a solo burst that led to Ander Herrera’s decisive third goal.

There were three goals from products of the local Fletcher Moss club with Danny Welbeck, once another teenager to strike for United, scoring against them again. It brought Mesut Ozil’s 18th assist of the season. He is closing in on an individual record, but the collective honours are less likely to end up at the Emirates. This was a snapshot why.

Man of the Match: Marcus Rashford (Manchester United)

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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.”

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million