Colin Bell, one of the best English midfielders of his generation and considered an all-time great at Manchester City, has died. He was 74.
Bell, whose name lives on in the “Colin Bell Stand” named after him at the Etihad Stadium, died after a short illness not linked to the coronavirus, City said.
“Colin Bell will always be remembered as one of Manchester City’s greatest players and the very sad news today of his passing will affect everybody connected to our club,” City Chairman Khaldoon Al Mubarak said in a statement.
“The passage of time does little to erase the memories of his genius. The fact that we have a stand at the Etihad Stadium named after Colin speaks volumes about the importance of his contribution to this club.”
Known as “The King of the Kippax” by fans and compared to a racehorse by coach Malcolm Allison because of his extraordinary stamina, Bell was at the heart of City’s successful side of the late 1960s and 70s.
He made 492 appearances for the club over 13 seasons, scoring 152 goals, and also won 48 caps for England, netting nine times. Those statistics may have been greater had injury not curtailed his career.
“He was quiet, unassuming and I always believe he never knew how good he actually was,” former City teammate Mike Summerbee said. “He was just the greatest footballer we have ever had.”
Bell was born in Hesleden in northeast England on February 26, 1946. He was raised by his father and other family members after his mother died when he was a child.
After starting his career at Bury in the Manchester area, Bell attracted he interest of bigger clubs in the process and moved to City.
Bell provided the complete midfield package. He could tackle, was full of running, had pace, an eye for a pass and was a fine finisher.
Allison, who regarded him as “world class”, was the first to dub him “Nijinsky” after the famous racehorse.
He scored on his debut and helped City secure promotion in 1966 and was one of the team’s stand-out players as they edged out Manchester United to win the top division title two years later.
FA Cup success followed in 1969 and two more trophies, the League Cup and the European Cup Winners’ Cup, were won in 1970. He was the club’s top scorer three times.
He made his England debut in 1968 and was a member of the squad at the 1970 World Cup in Mexico. But he was used sparingly and gained an unwelcome place in the team’s history as the man sent on for Bobby Charlton in the quarter-final defeat to West Germany.
He was earmarked as long-term replacement for Charlton in the England midfield but, after the frustration of failing to qualify for the 1974 World Cup, effectively had his career ended by a knee injury at the age of 29.
Bell, who had been in his prime, was out of action for two years after being hurt in a tackle by Manchester United’s Martin Buchan in November 1975.
He never blamed Buchan for what he regarded as an accident, but his comeback was not successful and he retired in August 1979.
He briefly tried to revive his career with San Jose Earthquakes in 1980 but it lasted just five games. After football he held coaching roles with City’s youth and reserve teams and later became a club ambassador.
He was uncomfortable in the limelight and guarded his privacy, as the title of his 2005 autobiography, “Reluctant Hero,” suggested.
That book may have saved his life. It was read by football-loving surgeon, Jim Hill, who, noting how Bell’s mother had died of bowel cancer, contacted him suggesting he be checked out. Bowel cancer was also diagnosed and within three weeks he was operated on.
He is survived by wife Marie, children Jon and Dawn and grandchildren Luke, Mark, Isla and Jack.
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The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
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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.”
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