Manuel Pellegrini is well respected within Manchester City and is aiming to end his time at the club with some silverware. Lee Smith / Reuters
Manuel Pellegrini is well respected within Manchester City and is aiming to end his time at the club with some silverware. Lee Smith / Reuters

Dignified Manuel Pellegrini can catch eyes ahead of Manchester City departure with title fight



It was a moment that revealed a lot about the man.

When Manuel Pellegrini confirmed his impending departure from Manchester City at a news conference on Monday, he did not use the occasion to criticise his employers or further his own agenda.

Instead, the 66-year-old waited until the end of the customary pre-match questioning before informing the journalists present that he would be leaving the club at the end of June.

In doing so, Pellegrini ensured he did not rock the boat or generate any potentially damaging headlines by publicly speaking out against the decision.

In essence, it was another incident in which he displayed his dignity, class and magnanimity.

A few minutes later, City themselves confirmed the news that everyone had been expecting: Pep Guardiola will replace Pellegrini as the club’s manager next season.

Regardless of whether or not the Chilean goes on to win a second Premier League title this season, appointing Guardiola in his place was close to a no-brainer for the City hierarchy.

The Bayern Munich manager is one of the best coaches in the world and could take the club to another level.

For now, though, the focus at the Etihad Stadium is on the remainder of this campaign, with success in the Premier League, Uefa Champions League, League Cup and FA Cup still on the cards.

As the statement released by City on Monday said, Pellegrini is committed to “achieving his targets for the season ahead”.

Predictions: Man City overtake Leicester; Manchester United-Chelsea goalless

While it would be unreasonable to think that Monday’s announcement could derail City’s title bid, there are more reasons to believe it will actually boost their chances of winning the championship.

Pellegrini’s agent has already confirmed that his client would prefer to stay in the Premier League — the competition he considers the “most exciting” — beyond the summer.

There would be no better way of appealing to English sides on the lookout for a new manager than by finishing top of the pile this year.

If Pellegrini needed any extra motivation, the knowledge that the upcoming four months could play a big part in deciding his next job should do the trick.

The players, too, will be desperate to send their popular manager out on a high.

Unlike his more volatile predecessor, Roberto Mancini, Pellegrini has masterfully kept a squad full of big egos and personalities pulling in the same direction.

While questions have been raised about his tactical nous in the biggest games, the former Real Madrid coach’s man-management skills have been impressive.

That quality has earned him the respect of City’s squad and supporters, who gave him the nickname ‘This Charming Man’ during his debut campaign.

Above all else, City simply have the best squad in the division.

Concerns over their defensive solidity still linger, but the attacking firepower provided by the likes of Sergio Aguero, David Silva, Raheem Sterling and Yaya Toure puts City in pole position to triumph.

Victory over leaders Leicester City on Saturday would see Pellegrini’s men move to the summit of the standings on goal difference with just 13 games remaining.

The talent at their disposal arguably means they should already be further ahead, but the fact that City could be top by the end of the weekend without having really hit top gear since the opening weeks of the season is an ominous prospect for the rest of the division.

Podcast: End of an era for John Terry and Chelsea, the start of a new era at Man City with Pep Guardiola

For Pellegrini it could be a huge step towards a fourth career league title and a second at the Etihad Stadium.

Even the most mean-spirited of football fans would find it hard to begrudge him that parting gift.

Despite the extensive admiration for Manuel Pellegrini’s character, most neutrals are understandably rooting for underdogs Leicester City in this season’s race for the Premier League title.

It was widely expected that Claudio Ranieri’s side would have long since fallen away, but Tuesday’s 2-0 win over Liverpool saw them retain their spot at the top of the table.

A positive performance this weekend would mean Leicester have to be taken seriously as title contenders.

If they are able to pick up another three points against Manchester City, they may even be favourites.

The best measure of a manager’s performance is whether he is able to create a collective that amounts to more than the sum of its parts.

While players such as Jamie Vardy, Riyad Mahrez, N’Golo Konte and Robert Huth have rightfully received a great deal of praise for their contributions this term, Ranieri has fashioned a collective that is far stronger than would be expected by looking at its individual components.

The starting line-up that took to the field against Liverpool in midweek cost around £22 million (Dh117.4m) to assemble; City, by way of comparison, paid £184m for those players who began their encounter with Sunderland on the same night.

While there are no official figures available for the 2015/16 season, a document released last month showed that City’s wage bill in 2014/15 was £193.8m, with Leicester spending a comparatively modest £48.2 million on their players’ salaries.

Sterling, Nicolas Otamendi and Kevin De Bruyne all arrived at the Eithad for hefty transfer fees last summer, so it is likely that the gap has only widened since.

Basic mathematics suggest that Leicester have no business being above City this late on in the campaign, which is precisely what makes their title challenge so remarkable.

Follow us on Twitter @NatSportUAE

Like us on Facebook at facebook.com/TheNationalSport

VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

Sanju

Produced: Vidhu Vinod Chopra, Rajkumar Hirani

Director: Rajkumar Hirani

Cast: Ranbir Kapoor, Vicky Kaushal, Paresh Rawal, Anushka Sharma, Manish’s Koirala, Dia Mirza, Sonam Kapoor, Jim Sarbh, Boman Irani

Rating: 3.5 stars

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Rafael Nadal's record at the MWTC

2009 Finalist

2010 Champion

Jan 2011 Champion

Dec 2011 Semi-finalist

Dec 2012 Did not play

Dec 2013 Semi-finalist

2015 Semi-finalist

Jan 2016 Champion

Dec 2016 Champion

2017 Did not play

 

Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

The biog

Year of birth: 1988

Place of birth: Baghdad

Education: PhD student and co-researcher at Greifswald University, Germany

Hobbies: Ping Pong, swimming, reading

 

 

Surianah's top five jazz artists

Billie Holliday: for the burn and also the way she told stories.  

Thelonius Monk: for his earnestness.

Duke Ellington: for his edge and spirituality.

Louis Armstrong: his legacy is undeniable. He is considered as one of the most revolutionary and influential musicians.

Terence Blanchard: very political - a lot of jazz musicians are making protest music right now.

UAE%20v%20West%20Indies
%3Cp%3EFirst%20ODI%20-%20Sunday%2C%20June%204%20%0D%3Cbr%3ESecond%20ODI%20-%20Tuesday%2C%20June%206%20%0D%3Cbr%3EThird%20ODI%20-%20Friday%2C%20June%209%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EMatches%20at%20Sharjah%20Cricket%20Stadium.%20All%20games%20start%20at%204.30pm%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EUAE%20squad%3C%2Fstrong%3E%0D%3Cbr%3EMuhammad%20Waseem%20(captain)%2C%20Aayan%20Khan%2C%20Adithya%20Shetty%2C%20Ali%20Naseer%2C%20Ansh%20Tandon%2C%20Aryansh%20Sharma%2C%20Asif%20Khan%2C%20Basil%20Hameed%2C%20Ethan%20D%E2%80%99Souza%2C%20Fahad%20Nawaz%2C%20Jonathan%20Figy%2C%20Junaid%20Siddique%2C%20Karthik%20Meiyappan%2C%20Lovepreet%20Singh%2C%20Matiullah%2C%20Mohammed%20Faraazuddin%2C%20Muhammad%20Jawadullah%2C%20Rameez%20Shahzad%2C%20Rohan%20Mustafa%2C%20Sanchit%20Sharma%2C%20Vriitya%20Aravind%2C%20Zahoor%20Khan%0D%3C%2Fp%3E%0A

The Kites

Romain Gary

Penguin Modern Classics

QUALIFYING RESULTS

1. Max Verstappen, Netherlands, Red Bull Racing Honda, 1 minute, 35.246 seconds.
2. Valtteri Bottas, Finland, Mercedes, 1:35.271.
3. Lewis Hamilton, Great Britain, Mercedes, 1:35.332.
4. Lando Norris, Great Britain, McLaren Renault, 1:35.497.
5. Alexander Albon, Thailand, Red Bull Racing Honda, 1:35.571.
6. Carlos Sainz Jr, Spain, McLaren Renault, 1:35.815.
7. Daniil Kvyat, Russia, Scuderia Toro Rosso Honda, 1:35.963.
8. Lance Stroll, Canada, Racing Point BWT Mercedes, 1:36.046.
9. Charles Leclerc, Monaco, Ferrari, 1:36.065.
10. Pierre Gasly, France, Scuderia Toro Rosso Honda, 1:36.242.

Eliminated after second session

11. Esteban Ocon, France, Renault, 1:36.359.
12. Daniel Ricciardo, Australia, Renault, 1:36.406.
13. Sebastian Vettel, Germany, Ferrari, 1:36.631.
14. Antonio Giovinazzi, Italy, Alfa Romeo Racing Ferrari, 1:38.248.

Eliminated after first session

15. Antonio Giovinazzi, Italy, Alfa Romeo Racing Ferrari, 1:37.075.
16. Kimi Raikkonen, Finland, Alfa Romeo Racing Ferrari, 1:37.555.
17. Kevin Magnussen, Denmark, Haas Ferrari, 1:37.863.
18. George Russell, Great Britain, Williams Mercedes, 1:38.045.
19. Pietro Fittipaldi, Brazil, Haas Ferrari, 1:38.173.
20. Nicholas Latifi, Canada, Williams Mercedes, 1:38.443.

Martin Sabbagh profile

Job: CEO JCDecaux Middle East

In the role: Since January 2015

Lives: In the UAE

Background: M&A, investment banking

Studied: Corporate finance

The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

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.”

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
RESULT

Manchester United 2 Tottenham Hotspur 1
Man United: Sanchez (24' ), Herrera (62')
Spurs: Alli (11')

UAE SQUAD

Khalid Essa, Ali Khaseif, Fahad Al Dhanhani, Adel Al Hosani, Bandar Al Ahbabi, Mohammad Barghash, Salem Rashid, Khalifa Al Hammadi, Shaheen Abdulrahman, Hassan Al Mahrami, Walid Abbas, Mahmoud Khamis, Yousef Jaber, Majed Sorour, Majed Hassan, Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Khalil Al Hammadi, Fabio De Lima, Khalfan Mubarak, Tahnoon Al Zaabi, Ali Saleh, Caio Canedo, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri

Our Time Has Come
Alyssa Ayres, Oxford University Press

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Russia's Muslim Heartlands

Dominic Rubin, Oxford

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800