Henrikh Mkhitaryan celebrates after scoring the only goal of the game in Manchester United's Premier League victory over Tottenham Hotspur on Sunday. Peter Powell / EPA
Henrikh Mkhitaryan celebrates after scoring the only goal of the game in Manchester United's Premier League victory over Tottenham Hotspur on Sunday. Peter Powell / EPA
Henrikh Mkhitaryan celebrates after scoring the only goal of the game in Manchester United's Premier League victory over Tottenham Hotspur on Sunday. Peter Powell / EPA
Henrikh Mkhitaryan celebrates after scoring the only goal of the game in Manchester United's Premier League victory over Tottenham Hotspur on Sunday. Peter Powell / EPA

Henrikh Mkhitaryan, emblematic of Man United’s season, delivers Jose Mourinho his most significant win


Richard Jolly
  • English
  • Arabic

Manchester United 1 Tottenham Hotspur 0

Man United: Mkhitaryan (29')

Man of the Match: Henrikh Mkhitaryan (Manchester United)

It was a game of a strike and a splint, a right foot and a left ankle. It revolved around Henrikh Mkhitaryan, a man who has defined Manchester United’s season in different ways. Cause celebre has emerged from hibernation in auspicious style but while delivering United’s first most significant win under Jose Mourinho, he departed on a stretcher, leg encased.

The fear was that he may revert to being mentioned but missed, oft discussed and rarely seen, United’s version of Godot. Jose Mourinho was quick to allay that, suggesting Mkhitaryan will be back soon.

“The injury doesn’t look like a big one,” the Portuguese said. “It doesn’t look like one needing surgery or months of recovery. Hopefully we will have him on Boxing Day.”

A collective sigh of relief may be breathed. Yet it was revealing that fringe figure suddenly feels pivotal. The Armenian is looking the footballer voted the best in the Bundesliga last season, not the man who had appeared United’s seventh-choice winger recently.

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He accomplished something none of his teammates had managed in Mourinho’s reign: he procured three points against immediate rivals. Tottenham Hotspur were their first top-six victims. If, 13 points behind Chelsea, United’s interest in the title race is purely token, they at least clawed back ground on rivals for a Uefa Champions League place.

“We were six points from Tottenham,” Mourinho said. “If we lose, it is nine.” Instead, it is a mere three.

Mourinho’s comments betrayed his sense that little had been wrong apart from results.

“After so many matches playing well but not winning, we needed the points more than the performance,” he said. Yet as he was quick to point out, United got both.

They were defensively resilient, epitomised by Phil Jones. Like Mkhitaryan, the centre-back has come in from the cold, taking his opportunity. “Magnificent,” Mourinho said.

The midfield has been cohesive since Michael Carrick returned to the team. He provided a platform to play for Ander Herrera, instigator of Mkhitaryan’s goal, and a marauding Paul Pogba, who struck the bar with a free kick as a motionless Hugo Lloris watched. The Tottenham captain showed more athleticism and agility to twice deny his France colleague.

“Mkhitaryan is the man of the match but if you have a trophy for a second, give it to Lloris,” Mourinho said.

The Armenian’s excellence was apparent before and after his belated first league goal, drilled past Lloris after Herrera pierced the offside trap.

Assistance came from an opponent. Harry Kane has never scored against United. Instead, he contributed to their goal by being dispossessed. Mauricio Pochettino exonerated his top scorer.

“Our offensive players can make a mistake,” he said. “They need to take a risk. We have a lack of reaction in that situation.”

But with one notable exception, those offensive players underachieved. “I think we create similar chances to Manchester United,” the Tottenham manager said, but it was a flattering interpretation.

Only Christian Eriksen, who was strangely substituted, truly troubled United. David De Gea made a hat-trick of saves from the Dane. Pochettino rued a chance when Eriksen found the unmarked Victor Wanyama, who contrived to head the ball away from goal.

A different defensive midfielder occupied United minds. Seven days earlier, Marouane Fellaini had come off the bench at Goodison Park, charged with protecting a lead and promptly conceded a penalty. He was booed on after his stoppage-time introduction. Mourinho empathised with the crowd and supported his player alike.

“They have in their mind the mistake that Marouane did at Everton and no more,” he said. “He is a player and a person I like and the person is more important. He will always have my protection and he will always have my trust.”

Thankfully for Mourinho and Fellaini, his latest cameo was an innocuous affair as United, who have seen points slip from their grasp in the closing stages of many a game, held on. Fellaini was a subplot. The spotlight lingered on Mkhitaryan.

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The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Brief scores:

Liverpool 3

Mane 24', Shaqiri 73', 80'

Manchester United 1

Lingard 33'

Man of the Match: Fabinho (Liverpool)

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.”