Pep Guardiola said he would have liked to work under Carlo Ancelotti. Getty Images
Pep Guardiola said he would have liked to work under Carlo Ancelotti. Getty Images
Pep Guardiola said he would have liked to work under Carlo Ancelotti. Getty Images
Pep Guardiola said he would have liked to work under Carlo Ancelotti. Getty Images

Pep Guardiola calls Manchester City the best team of the 2010s


Richard Jolly
  • English
  • Arabic

Pep Guardiola has hailed Manchester City as the team of the decade of the 2010s as he admitted one of his regrets from the 1990s was that he did not sign for Carlo Ancelotti.

City host Everton on Wednesday, pitting Guardiola against the triple Champions League winner Ancelotti, who revealed he tried to take the Catalan to Parma in 1997.

But while Guardiola was pleased he stayed at Barcelona, he admitted he wondered what it would be like to play for an all-time great like Ancelotti.

Both have won the Champions League in the last decade while City were the only side to win the Premier League four times and took 818 points, 61 more than the next best, Manchester United.

And Guardiola said: “This in the last decade was the best team in terms of points, in terms of goals, in terms of everything, titles even, so congratulate Manchester City for that. They were fighting with huge elephants here in England, big, big clubs with the biggest history.”

Parma represented Ancelotti’s first major job before he went on to Juventus, AC Milan, Chelsea, Paris Saint-Germain, Real Madrid, Bayern Munich, where he replaced Guardiola, and Napoli.

But friends and rivals could have linked up, with Guardiola saying: “I was curious to go abroad. We were in touch, a bit with Carlo, a bit with the sporting director. Parma had that team with [Lilian] Thuram and [Gianluigi] Buffon.

“In the end Louis van Gaal came to Barcelona and I was excited to train with him and learn his methodology because Van Gaal had been one of the greatest managers of all time and he came to Barcelona with Ajax philosophy but always I had this regret. I was so happy staying in Barcelona with Van Gaal but at the same time I would have loved training with Carlo.

“I was never in his locker room but he’s one of the greatest. At the end of his career everyone will talk about him as one of the greatest managers of all time.”

John Stones and David Silva are fit again to return and Ederson is available after serving a one-match suspension, while Aymeric Laporte, who has been out since August with a knee injury, is back in training and could join in with the team next week.

Guardiola also insisted that summer signing Joao Cancelo, a reported target for Bayern Munich and Valencia, will not leave this month. “We bought him for many years,” he said.

Cinco in numbers

Dh3.7 million

The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown

46

The number, in kilograms, that Swarovski’s wedding gown weighed.

1,000

The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]

50

How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday

3,000

The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.

1.1 million

The number of followers that Michael Cinco’s Instagram account has garnered.

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

SPEC%20SHEET%3A%20APPLE%20IPHONE%2014%20PRO%20MAX
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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.”

Essentials

The flights
Emirates flies direct from Dubai to Seattle from Dh6,755 return in economy and Dh24,775 in business class.
The cruise
UnCruise Adventures offers a variety of small-ship cruises in Alaska and around the world. A 14-day Alaska’s Inside Passage and San Juans Cruise from Seattle to Juneau or reverse costs from $4,695 (Dh17,246), including accommodation, food and most activities. Trips in 2019 start in April and run until September. 
 

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

SANCTIONED
  • Kirill Shamalov, Russia's youngest billionaire and previously married to Putin's daughter Katarina
  • Petr Fradkov, head of recently sanctioned Promsvyazbank and son of former head of Russian Foreign Intelligence, the FSB. 
  • Denis Bortnikov, Deputy President of Russia's largest bank VTB. He is the son of Alexander Bortnikov, head of the FSB which was responsible for the poisoning of political activist Alexey Navalny in August 2020 with banned chemical agent novichok.  
  • Yury Slyusar, director of United Aircraft Corporation, a major aircraft manufacturer for the Russian military.
  • Elena Aleksandrovna Georgieva, chair of the board of Novikombank, a state-owned defence conglomerate.
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Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends