It was a typically quotable compliment from Jurgen Klopp. “He is obviously a smart fox,” said the Liverpool manager 15 months ago. Carlo Ancelotti has been called many things – a triple Champions League winner and an all-time great among them – but the Italian has justified Klopp’s description.
Exclude penalty shootouts and only one manger has tasted victory twice against Klopp in a golden season and a half: Ancelotti. His Napoli felt almost immune to Liverpool’s excellence, making a potentially era-shaping side look distinctly ordinary in three of four meetings.
Liverpool were defeated at the San Paolo in consecutive autumns. Napoli got a draw at Anfield this season; but for a remarkable save from Alisson to deny Arkadiusz Milik, they would have done last season as well. But for that stop, Liverpool would not be Champions League winners now.
Everton’s new manager arrived with the sort of pedigree to appeal to a club who have not triumphed at Anfield since 1999 or beaten Liverpool anywhere since 2010. Ancelotti is in a select band, including Ralf Rangnick and Felix Magath, who have won more than they have lost against Klopp.
He has defeated Liverpool seven times with four different clubs. At his unveiling at Goodison Park, he smiled that Liverpool supporters "are worried to see me because I beat them a lot of times."
He has had a career of such magnitude that he has not been defined by his most famous defeat to them. A lesser manager would have been.
“A six-minute blackout,” Ancelotti wrote in his autobiography of events in Istanbul when AC Milan lost a 3-0 lead in the Champions League final to a Steven Gerrard-inspired Liverpool. “We were our own worst nightmare. The world turned upside down. I was paralysed … I was baffled; nothing made sense.”
Ancelotti has never watched the 2005 Champions League final back; he did win the 2007 counterpart, and at Liverpool’s expense. “It was too beautiful to take revenge for Istanbul,” Ancelotti subsequently said.
Theirs is a history that dates back 35 years; Ancelotti was sidelined when his Roma teammates lost the 1984 European Cup final to Liverpool on their home ground. He remains the last visiting manager to win a European game at Anfield, though Real Madrid’s 3-0 triumph came back in 2014. Earlier that year, he had eliminated Klopp’s Borussia Dortmund in the quarter-finals en route to winning yet another Champions League.
No wonder, then, that Klopp said in November: “If there is any manager in the world who does not need advice from me, it is Carlo Ancelotti.” The Italian’s response was eloquent. “He is one of the few people I would accept advice from, absolutely.”
On Friday, the ever popular Ancelotti said: “Jurgen is my friend.” Klopp responded by calling his counterpart: “One of the smartest people I have met.” Theirs is a mutual admiration society from men who are part of an exclusive group. Liverpool is the world’s only footballing city where both managers are Champions League winners.
Ancelotti, indeed, could have been in the home dugout on Sunday. He and Klopp were the two major contenders to replace Brendan Rodgers in 2015. It is safe to say Liverpool made the correct choice.
Ancelotti has been the manager who can massage superstars’ egos, coaxing successful sides to more triumphs. Klopp is the more dynamic, more transformative figure.
If Klopp emulated Ancelotti in June when he won his first Champions League, now the Italian’s task at Goodison Park is to mimic the German by reviving and reinventing a Merseyside club labouring under the shadow of its glorious past. But first he has to imitate Walter Smith, the last Everton manager to taste victory at Anfield.
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Liverpool's invincibles: an incredible year without a Premier League defeat – in pictures
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Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
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Wenger's Arsenal reign in numbers
1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.
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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.”
Abu Dhabi Equestrian Club race card
5pm: Abu Dhabi Fillies Classic (PA) Prestige; Dh110,000; 1,400m
5.30pm: Abu Dhabi Colts Classic (PA) Prestige; Dh110,000; 1,400m
6pm: Maiden (PA); Dh80,000; 1,600m
6.30pm: Abu Dhabi Championship (PA) Listed; Dh180,000; 1,600m
7pm: Wathba Stallions Cup (PA) Handicap; Dh70,000; 2,200m
7.30pm: Handicap (PA); Dh100,000; 2,400m
MISSION: IMPOSSIBLE – FINAL RECKONING
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Starring: Tom Cruise, Hayley Atwell, Simon Pegg
Rating: 4/5
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
Test squad: Azhar Ali (captain), Abid Ali, Asad Shafiq, Babar Azam, Haris Sohail, Imam-ul-Haq, Imran Khan, Iftikhar Ahmed, Kashif Bhatti, Mohammad Abbas, Mohammad Rizwan(wicketkeeper), Musa Khan, Naseem Shah, Shaheen Afridi, Shan Masood, Yasir Shah
Twenty20 squad: Babar Azam (captain), Asif Ali, Fakhar Zaman, Haris Sohail, Iftikhar Ahmed, Imad Wasim, Imam-ul-Haq, Khushdil Shah, Mohammad Amir, Mohammad Hasnain, Mohammad Irfan, Mohammad Rizwan (wicketkeeper), Musa Khan, Shadab Khan, Usman Qadir, Wahab Riaz
21 Lessons for the 21st Century
Yuval Noah Harari, Jonathan Cape
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Racecard
5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m
5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m
6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m
6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m
7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m
7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m
The Lost Letters of William Woolf
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CHINESE GRAND PRIX STARTING GRID
1st row
Sebastian Vettel (Ferrari)
Kimi Raikkonen (Ferrari)
2nd row
Valtteri Bottas (Mercedes-GP)
Lewis Hamilton (Mercedes-GP)
3rd row
Max Verstappen (Red Bull Racing)
Daniel Ricciardo (Red Bull Racing)
4th row
Nico Hulkenberg (Renault)
Sergio Perez (Force India)
5th row
Carlos Sainz Jr (Renault)
Romain Grosjean (Haas)
6th row
Kevin Magnussen (Haas)
Esteban Ocon (Force India)
7th row
Fernando Alonso (McLaren)
Stoffel Vandoorne (McLaren)
8th row
Brendon Hartley (Toro Rosso)
Sergey Sirotkin (Williams)
9th row
Pierre Gasly (Toro Rosso)
Lance Stroll (Williams)
10th row
Charles Leclerc (Sauber)
arcus Ericsson (Sauber)
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
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