Italy on the brink of Nations League finals despite coronavirus chaos


Ian Hawkey
  • English
  • Arabic

International football in a time of pandemic sets many problems and Italy right now could provide a list of most of them.

The Azzurri are on the verge of making the Uefa Nations League finals, but this has been no ordinary lead-in. They face Bosnia-Herzegovina on Wednesday, a win guaranteeing progress, with neither of their regular captains, no manager on the premises and without 20 players who had been called up.

Roberto Mancini, the coach, has been self-isolating, having contracted coronavirus. He had hoped a negative test would allow him to return to the touchline in time for the trip to Sarajevo. He is still deemed infectious, although he has no serious symptoms.

Leonardo Bonucci, meanwhile, is unavailable and found himself in the bizarre position of giving the captain’s eve-of-match press conference ahead of the weekend’s 2-0 win against Poland to announce he was about to leave the camp.

The other regular skipper, Giorgio Chiellini was already ruled out with injury. By the time Mancini’s assistant Alberico Evani listed the starting XI, a group of more than 40 call-ups had been halved by withdrawals.

The vast initial squad was a precaution. Covid-19 cases, and the knock-on effects, are a fact of life in a sport where testing is frequent and protocols rigorous; but once elaborately designed ‘biosecure bubbles’ are being pierced by footballers having to travel across the globe it is wise to have a Plan B and Plan C at the ready.

Bonucci articulated one of the secondary effects of the pandemic, the fatigue caused by a crammed schedule. “We are programmed and trained to play a lot of football, but we started this year without a pre-season,” he said, explaining that to play for Italy this week risked aggravating injury. “With all the games, that increases injuries. I have been asking too much of my body.”

He was careful to acknowledge that elite footballers’ challenges were insignificant in the broader health crisis. “Covid is attacking the world,” he said, “but in every sphere, we need to have the right strategy for it.”

Bonucci joined Chiellini, Marco Verratti and Ciro Immobile on the list of Italy’s unavailables – to name just the very senior men who form the spine of Mancini’s ideal XI.

Immobile, winner of last season’s Golden Shoe for his 35 Lazio goals, is out because of conflicting results from two Covid-19 tests.

Gaetano Castrovilli and Cristiano Biraghi withdrew because of an outbreak of infections at their club, Fiorentina. A similar alarm at Roma has excluded a quartet of Italy players.

“To be honest, I lost count of how many players had to drop out,” sighed Evani, consulting regularly with Mancini about how to fill the many gaps. “By the weekend, we didn’t have too many left. But I always believed we give our best in adverse conditions.”

The Italy national team has been constructing legends around its strength in adversity for decades, evoking the last two Azzurri World Cup triumphs. In 1982 and 2006, Italy became champions after damaging match-fixing Serie A scandals overshadowed the lead-in to the tournaments.

On Sunday, Mancini watched his depleted team rise to the occasion on television, keeping in touch with Evani on the touchline.

A stylish, ebullient Italy beat Poland in Reggio Emilia. Poland’s Robert Lewandowski was kept quiet by a centre-half pairing – Francesco Acerbi and Alessandro Bastoni – who had 10 caps between them (Chiellini and Bonucci have more than 200).

There were lively showings from players who have spent periods of the club season feeling marginalised, such as Emerson Palmieri of Chelsea and Federico Bernardeschi of Juventus. Lorenzo Insigne, whose performances for the national team have not always matched his influence for Napoli, shone.

“A beautiful Italy,” said Mancini, “a great team performance with the right attitude when things had not been easy.”

Mancini quickly counted up not the absences but the coefficient points that a successful weekend had brought to Italy, meaning they will be seeded in the qualifying draw for the 2022 World Cup.

The Italian Federation hope Mancini will lead the Azzurri there. He has already guided them to the Euro 2021 finals and perhaps to a first Nations League finals.

All of which marks progress since the night, three years ago, when Italy lost 1-0 to Sweden in the first leg of their play-off for the 2018 World Cup, a deficit they could not recover.

Only one player, Andrea Belotti who was on the pitch when the Swedes scored the goal that kept the Italians out of that World Cup was involved against Poland, proof that Mancini has moved the country onwards and upwards, and has a genuinely broad base of talent in case of emergency.

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

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.”

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EEducatly%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EMohmmed%20El%20Sonbaty%2C%20Joan%20Manuel%20and%20Abdelrahman%20Ayman%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3EEducation%20technology%3Cbr%3E%3Cstrong%3EFunding%20size%3A%20%3C%2Fstrong%3E%242%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EEnterprise%20Ireland%2C%20Egypt%20venture%2C%20Plus%20VC%2C%20HBAN%2C%20Falak%20Startups%3C%2Fp%3E%0A