Perhaps this will be the ignominy after the ecstasy for Claudio Ranieri.
No Premier League-winning manager has ever been demoted from the division, but while the Italian inherited a Leicester City team tipped for the drop and turned them into champions, his Fulham contrived to make a different sort of history to render relegation more likely.
They became the first side since the division’s records began to concede twice to a team who failed to register a shot on target.
“What we can do?” asked Ranieri rhetorically, deserted by the fates that once seemed on his side. “It's unbelievable.”
If it made Burnley’s third straight win fluky, Fulham were symbolically self-destructive, luckless and hapless as they scored two own goals in three minutes. While the visiting fans chorused that Burnley were going “down with the Fulham,” winning a six-pointer puts them seven ahead of relegation rivals.
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“The table is a good question,” said Ranieri; extricating Fulham from its bottom three looks ever harder for a club who authorised a £100 million (Dh472m) summer spending spree and who were ejected from the FA Cup by League Two Oldham.
If the key to survival lies in improving Fulham’s dreadful defensive statistics and their wretched record on the road, this was doubly demoralising. Ranieri selected five defenders – a sixth, Calum Chambers, was in midfield – but two of them scored for Burnley in a vignette of why Fulham have the division’s most porous rearguard.
They led for the first time on their travels in four months, but remain the lone team in the Premier and Football Leagues without an away win.
Few relegation-threatened teams boast a player who set up the winner in a World Cup final but the talent in Fulham’s ranks was illustrated by a magnificent piece of control and a still better volley from Andre Schurrle.
“A great goal,” said Ranieri. But errors outnumbered examples of excellence. Fulham lacked structure, cohesion and, at times, basic competence, summed up when Cyrus Christie accidentally volleyed the ball onto his own chest and, after Chris Wood headed against the post, Burnley struck twice in freak fashion.
“This period is very strange,” added Ranieri in an understatement. Twice Fulham redirected Jeff Hendrick’s deliveries into the net. The first was a shot from the Irishman, diverted in off the unfortunate Joe Bryan’s need. The second was a cross, converted in comical fashion by Dennis Odoi, with a header.
“I hope they give the first to Jeff because I think it is going in,” said Burnley manager Sean Dyche. “We have had a bit of luck today but we haven't had much this season."
“We deserve minimum a draw,” insisted Ranieri. The subsequent events underlined the sense Fulham are capable of scoring sufficient goals. Calum Chambers headed against the bar and the influential substitute Luciano Vietto had a shot cleared off the line by James Tarkowski and a stinging drive parried by Tom Heaton.
Ranieri rued Tarkowski’s intervention. “The episode changed the music,” he said. But the soundtrack to Fulham’s season may be in a minor key.
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
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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.”
Diriyah%20project%20at%20a%20glance
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The%20specs
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How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
South Africa v India schedule
Tests: 1st Test Jan 5-9, Cape Town; 2nd Test Jan 13-17, Centurion; 3rd Test Jan 24-28, Johannesburg
ODIs: 1st ODI Feb 1, Durban; 2nd ODI Feb 4, Centurion; 3rd ODI Feb 7, Cape Town; 4th ODI Feb 10, Johannesburg; 5th ODI Feb 13, Port Elizabeth; 6th ODI Feb 16, Centurion
T20Is: 1st T20I Feb 18, Johannesburg; 2nd T20I Feb 21, Centurion; 3rd T20I Feb 24, Cape Town
Killing of Qassem Suleimani
Barbie
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COMPANY%20PROFILE%20
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Company%20profile
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Mercedes-AMG GT 63 S E Performance: the specs
Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor
Power: 843hp at N/A rpm
Torque: 1470Nm N/A rpm
Transmission: 9-speed auto
Fuel consumption: 8.6L/100km
On sale: October to December
Price: From Dh875,000 (estimate)
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now