London // Jose Mourinho is on the verge of fulfilling his dream of managing Manchester United after Louis van Gaal's troubled two-year reign at Old Trafford came to a bitter end.
Van Gaal said he was “very disappointed” to be sacked on Monday just 48 hours after leading United to victory in the FA Cup final against Crystal Palace.
Missing out on a lucrative Champions League place proved the final straw for the club's United States-based owners, the Glazer family, and they didn't let United's first piece of silverware since the 2013 retirement of legendary boss Alex Ferguson stop them from wielding the axe.
With Van Gaal having cleared out his desk at United's Carrington training ground after talks over a settlement for the final year of his three-year contract, which had been worth a reported £6.4 million per year (Dh34m), the path is clear for former Chelsea manager Mourinho to be confirmed as the new United boss on Tuesday.
Mourinho was sacked by Chelsea in December after a miserable campaign marred by a series of rifts with the club’s star players that eventually became intolerable to owner Roman Abramovich as the team, champions just months earlier, languished near the relegation zone.
• Jose Mourinho to Manchester United: All the news and updates
Now the 53-year-old will hope to restore his reputation by restoring the sparkle to United’s own tarnished image.
Mourinho's agent Jorge Mendes is said to be arriving in Manchester on Tuesday to tie up a deal that has been widely reported in the British media, setting the stage for one of the sport's most intriguing characters to at last manage United after a glittering career that so far features 21 major trophies, including three Premier League crowns and two Champions League titles.
Former United goalkeeper Peter Schmeichel believes Mourinho is the right man to get the club back on track.
“On the top of Mourinho’s list was always Manchester United, now he has the opportunity,” Schmeichel told the BBC.
“Now they have a guy that is supposed to be the biggest manager in the world, the one that really could save Manchester United.
“It has been a brave decision but one that is long overdue.”
From the moment Mourinho danced a jubilant jig down the Old Trafford touchline after a late goal from Costinha gave his FC Porto side the draw they needed to eliminate Alex Ferguson’s men from the 2004 Champions League, the colourful and controversial Portuguese has seemed destined to manage United.
He thought his time had come when Ferguson retired, but concerns over his volatile nature prompted United to turn to the more conservative David Moyes instead.
But with that move proving a disaster and Van Gaal faring little better, United’s powerbrokers have decided to take a chance on Mourinho.
Pictured strolling with his former Chelsea assistant Rui Faria while removal men took boxes away from his London home on Monday, Mourinho appeared the picture of contentment.
But he is a far less convivial figure once the battle lines are drawn, both with opponents and even his own players.
Having famously locked horns with the likes of Arsene Wenger and Rafa Benitez during his two spells with Chelsea, Mourinho will arrive at United just in time to resume hostilities with Pep Guardiola, who is about to leave Bayern Munich for his first taste of the Premier League as Manchester City boss.
Mourinho, then in charge of Real Madrid, never wasted a chance to take a swipe at Barcelona manager Guardiola during their time in Spain.
But it was Guardiola who had the better of it, with Mourinho winning just three of their 16 meetings.
The duo will go head-to-head for the first time when United face City in the pre-season International Champions Cup in Beijing on July 25.
By then, Mourinho will hope to have significantly improved an unbalanced and often lacklustre United squad.
Paris Saint-Germain forward Zlatan Ibrahimovic, Sporting Lisbon midfielder Joao Mario, Everton defender John Stones, Chelsea midfielder Nemanja Matic and Atletico Madrid forward Antoine Griezmann are reportedly among the names on his wanted list.
But Mourinho, expected to bring Faria and goalkeeping coach Silvino Louro with him to Old Trafford, might also have to deal with scepticism from the United squad after a report that some senior players have already expressed concern the tactically conversative coach might prove too similar to Van Gaal.
Van Gaal’s dull tactics frustrated United fans, while the players were reportedly infuriated by his habit of staging video review sessions in which he would criticise their mistakes in front of the team.
If he can rebuild the confidence of his squad and make United champions for the first time since 2013, Mourinho may regard it as his finest achievement yet.
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More on Turkey's Syria offence
Aayan’s records
Youngest UAE men’s cricketer
When he debuted against Bangladesh aged 16 years and 314 days, he became the youngest ever to play for the men’s senior team. He broke the record set by his World Cup squad-mate, Alishan Sharafu, of 17 years and 44 days.
Youngest wicket-taker
After taking the wicket of Bangladesh’s Litton Das on debut in Dubai, Aayan became the youngest male cricketer to take a wicket against a Full Member nation in a T20 international.
Youngest in T20 World Cup history?
Aayan does not turn 17 until November 15 – which is two days after the T20 World Cup final at the MCG. If he does play in the competition, he will be its youngest ever player. Pakistan’s Mohammed Amir, who was 17 years and 55 days when he played in 2009, currently holds the record.
Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
- December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
- February 2, 2018 Bodytree will host its 4th annual yoga market.
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
Top 10 most competitive economies
1. Singapore
2. Switzerland
3. Denmark
4. Ireland
5. Hong Kong
6. Sweden
7. UAE
8. Taiwan
9. Netherlands
10. Norway
Pupils in Abu Dhabi are learning the importance of being active, eating well and leading a healthy lifestyle now and throughout adulthood, thanks to a newly launched programme 'Healthy Lifestyle'.
As part of the Healthy Lifestyle programme, specially trained coaches from City Football Schools, along with Healthpoint physicians have visited schools throughout Abu Dhabi to give fun and interactive lessons on working out regularly, making the right food choices, getting enough sleep and staying hydrated, just like their favourite footballers.
Organised by Manchester City FC and Healthpoint, Manchester City FC’s regional healthcare partner and part of Mubadala’s healthcare network, the ‘Healthy Lifestyle’ programme will visit 15 schools, meeting around 1,000 youngsters over the next five months.
Designed to give pupils all the information they need to improve their diet and fitness habits at home, at school and as they grow up, coaches from City Football Schools will work alongside teachers to lead the youngsters through a series of fun, creative and educational classes as well as activities, including playing football and other games.
Dr Mai Ahmed Al Jaber, head of public health at Healthpoint, said: “The programme has different aspects - diet, exercise, sleep and mental well-being. By having a focus on each of those and delivering information in a way that children can absorb easily it can help to address childhood obesity."
