Peter Bonetti: A Chelsea legend whose career should be defined by more than one match for England
Peter Bonetti: A Chelsea legend whose career should be defined by more than one match for England
Peter Bonetti: A Chelsea legend whose career should be defined by more than one match for England
Peter Bonetti: A Chelsea legend whose career should be defined by more than one match for England

Peter Bonetti: A Chelsea legend whose career should be defined by more than one match for England


Richard Jolly
  • English
  • Arabic

Gordon Banks was trending on Twitter on Sunday. It is 14 months since England’s finest goalkeeper breathed his last, but the death of his deputy meant Banks’ name circulated around social media again. Peter Bonetti was mourned eloquently by Chelsea, the club he represented 729 times, with tributes led by Ron Harris and John Terry, the only other players to make 700 appearances for them, and Petr Cech, the goalkeeper who passed his clean-sheet record.

In the wider world, however, Bonetti is remembered in the context of Banks. He is the latest of England’s World Cup winners to go although, after being unused in the 1966 tournament, his medal was awarded belatedly 43 years afterwards.

His solitary World Cup game was England’s last as officially the best team on the planet. Banks went down with food poisoning the night before the quarter-final against West Germany. Manager Alf Ramsey was so desperate for him to play he gave him the most perfunctory of fitness tests, only for Banks to fall ill again. Nervous, distracted by off-field issues, Bonetti played, though teammates Nobby Stiles and Francis Lee thought Alex Stepney should have done instead. England were 2-0 up when Bonetti dived over a Franz Beckenbauer shot. Perhaps he was culpable for Gerd Muller’s winner, too.

"There, so eloquent in its absence, was the value of a goalkeeper such as Banks," wrote Bobby Charlton in My England Years; his England years came to an abrupt end with his substitution in Leon. He never played for his country again. Nor did Bonetti. The 1970 squad was thought by some, Alan Ball included, to be stronger than their 1966 counterparts, but the greatest prize eluded them.

The rarity of World Cups mean they can be decisive. Careers are overshadowed by one moment on the global stage. For a later England goalkeeper, Rob Green, it was a more glaring blunder against the United States in his only match, in 2010. For a succession of players, it has been a missed penalty; Chris Waddle blazed over against the Germans in 1990, which is far likelier to figure in the first line of his obituary than his terrific performance in the preceding 120 minutes. There is often no chance of redemption: Bonetti was 28 in 1970 and 40 and retired by the time England even played another World Cup match.

Even in annual competitions, perhaps only the elite and the fortunate get a second shot. Didier Drogba, sent off in Chelsea’s 2008 Champions League final loss, scored the equaliser and the winning penalty in the 2012 shootout. But the nature of goalkeeping means mistakes can be costly. Loris Karius’ traumatic 2018 Champions League final is a case in point; for him, realistically, there will not be a second.

Bonetti illustrates the unfairness of defining a two-decade career by one moment or one game. Chelsea’s obituary did not mention England in the first 17 paragraphs, instead concentrating on his part in winning the 1965 League Cup, the 1970 FA Cup and the 1971 Cup Winners’ Cup, their first European trophy; until the last 25 years, no player had won more for Chelsea.

He was a pioneer of goalkeeping gloves and the club’s first goalkeeping coach; short for a keeper, his athleticism earned him the nickname ‘the Cat’ and, until Cech signed, there was no doubt he was the club’s greatest ever shot-stopper. That both Cech and Terry, two of a much younger generation, used the words “gentleman” and “legend” to describe Bonetti speak of his personality and his achievements.

It can be tempting to reduce a footballing life to one day. Bonetti shows how wrong it can be.

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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.”

SNAPSHOT

While Huawei did launch the first smartphone with a 50MP image sensor in its P40 series in 2020, Oppo in 2014 introduced the Find 7, which was capable of taking 50MP images: this was done using a combination of a 13MP sensor and software that resulted in shots seemingly taken from a 50MP camera.

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

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