Fittingly, the milestone was brought up in a 0-0 draw. As Newcastle and Burnley ground out a stalemate that, until football was postponed, no one would have objected to missing, Joelinton made it 2000 minutes of football since his last league goal.
Which, to put it another way, was his only league goal for Newcastle. August’s winner at Tottenham Hotspur feels a different time: it was Spurs’ first defeat since the Champions League final, Newcastle’s first win under Steve Bruce.
Seven months on, Bruce represents one of the surprise success stories of the season – procuring 35 points and reaching an FA Cup quarter-final in difficult circumstances, exacerbated by his failing forwards – and Joelinton one of the more predictable failures.
Hindsight is not required: rewind to last summer and plenty pointed out that £40 million [Dh171m] felt an excessive fee for a striker who had never scored more than eight league goals in a season. Especially as Newcastle appeared to have miscast one who often played in a wider position for Hoffenheim as a striker.
The role of Newcastle’s lone striker, stranded in a different postcode to his team-mates and operating in a side with the least possession in the Premier League, can be a thankless one.
Yet every game serves as a reminder of how well Salomon Rondon performed the task. The Venezuelan’s haul of 11 league goals last season may sound respectable rather than remarkable but his player-of-the-year award was thoroughly merited.
He could hold the ball up, chase lost causes and head the ball like Les Ferdinand; little wonder Rafa Benitez prioritised his signing to such an extent he ended up taking Rondon to Dalian Yifang. Rondon and Ayoze Perez, another summer departure, scored 23 goals between them.
Minus each, Bruce has had an illogical dynamic; his forwards have five league goals – Miguel Almiron and Allan Saint-Maximin getting two apiece – and his defenders 12.
It speaks to a resourcefulness, but it is hardly a long-term formula. Almiron has endeared with his efforts, Saint-Maximin with his ball-carrying ability and mesmerising solo runs. Joelinton has been the major disappointment.
His total of 42 shots gives him a chance conversion rate of 2.4 percent; needless to say, everyone else with more shots has more goals.
Indeed, some 147 players have more league goals, including five Newcastle defenders. Conferred with pressure, drained of confidence, an ever greater focus of attention, he has floundered, a victim of Newcastle’s decision-making as well as expectations.
“The great strikers, the goalscorers, all they're interested in is scoring a goal – Joe is not like that,” Bruce said in February. “We were hoping for 10-12 goals a season.”
Gallery from last round of Premier League matches
They have got one as Joelinton serves as an indictment of Newcastle’s recruitment process. This was a failed attempt to outwit the market that was made all the more perplexing by the hefty price tag. Newcastle have profited in the past by importing undervalued players and selling them on but Joelinton came for £40m; long before football’s finances were imperilled by coronavirus, it was apparent that no one would have paid Newcastle £40m to take him off their hands. If he leaves, it will be at a sizeable loss.
If he stays, Newcastle need a striker whereas, in Saint-Maximin and Almiron, they have players for Joelinton’s more fitting role on the sides. This feels an avoidable error.
Benitez did not want to sign him; Bruce had no choice in the matter. Earlier in the season, when it was at least apparent his efforts were unstinting, Bruce would refer him to affectionately as ‘Big Joe’. It became the more formal ‘Joelinton’. Before long, perhaps, he may just be called ‘Linton’. If Newcastle’s No. 9 shirt is famous, his has become a form of infamy.
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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.”
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers