The Premier League took a step forwards in Project Restart as players will start training together from Tuesday.
Clubs voted unanimously to resume training in groups of up to five and chief executive Richard Masters said they hope they can play again on June 12, though that date may be moved back, as the drawn-out, controversial process continues and more difficult decisions were postponed until another day.
Contact training is not yet permitted and the Premier League is continuing to talk to clubs, plus the British government, the League Managers’ Association and the Professional Footballers’ Association to establish the protocols. Club captains and doctors have also been consulted so far.
Uefa have given domestic leagues until May 25 to tell them if and how they intend to conclude the campaigns. There are 92 remaining Premier League matches, with each club having at least nine games to play, and the Premier League is aiming to finish by July 31.
Manchester City winger Raheem Sterling said players would need "four to five weeks" of training to get fit, leading to suggestions the Premier League may not play until June 19.
Masters said: “We have been focused on this staging post, it’s not a firm commitment, for June 12. What we are able to do today is basically to move forward on small group training.
“So we haven’t changed the start date, we have to be flexible about it. What we don’t want to do is continually move that start date.
“Next week we are going to be discussing full contact training protocols for that. Once you know when you can start full contact training and we have had a proper discussion with clubs about how much is required to create the fitness levels before they can start playing, we are then in a position to be able to confirm when the season start is.
“We will have very similar meetings with players and managers to explain to them how contact training would work and so they can raise their concerns and questions and we can answer any medical concerns they might have."
Players will be able to train with teammates this week for the first time in two months, albeit not in the way they used to, with government advice required before they can have contact training.
Training sessions have to be 75 minutes or shorter, players will have to arrive in their own training kit and have their temperature taken and there will be no tackling or spitting. All equipment, including balls, corner flags, cones, goalposts, GPS units, boots and gloves, will be regularly disinfected.
Footballers will have to drive to training grounds individually, rather than sharing lifts or catching public transport, and will park at least three spaces from each other in designated spots.
All clubs are testing their players twice a week for coronavirus and Newcastle United manager Steve Bruce, who said up to 10 of his squad will train at the same time on two separate pitches and will wear snoods while doing so, was reassured that players’ safety is being protected.
Everything is in place in the safety aspect. I've got no issues and I can tell the supporters the players and the staff are as safe as we possibly can be
He told NUFC TV: "It's been a really difficult time, but I hope with the news that phase one is about to start - and I must stress that phase one looks as if it's as safe as it can be - I'm sure everyone will be delighted that we're trying to make that effort.
"Everything is in place in the safety aspect. I've got no issues and I can tell the supporters the players and the staff are as safe as we possibly can be. We all understand that this virus isn't going to go away just like that - it's going to hang around a bit, but I think with the protocols in place we'll do everything we possibly can to get up and running again."
Culture Secretary Oliver Dowden, a member of Boris Johnson’s Cabinet, believes “good progress” is being made.
"I had some very constructive discussions on Thursday with the FA, the EFL and the Premier League," he told Sky Sports. "We are working hard to get it back in mid-June but the number one test is public safety.
“They, like a lot of other sports we’re looking at returning behind closed doors, have met with Public Health England several times to look at the safety. If we can sort that out then we will look to resume by mid-June. We’re making good progress.”
A Premier League statement read: “Premier League Shareholders today voted unanimously to return to small-group training from tomorrow afternoon, the first step towards restarting the Premier League, when safe to do so.”
Premier League director of football Richard Garlick said insurers will accept the liability issues caused by Covid-19.
He said: “We have spoken to the insurers both in relation to the liability insurers for the clubs but also indemnity insurance for the doctors. It’s in our protocols. They are content with them."
The decision to return to training was expected but it will be harder to get all 20 clubs to sign up to matches returning with relegation-threatened clubs such as Brighton & Hove Albion and Watford being particularly vocal about their reluctance to play again.
The Premier League has been officially suspended since March 13, with the last game being Leicester Ciy’s 4-0 win over Aston Villa four days earlier.
The German Bundesliga returned this weekend while La Liga and Serie A are slated to come back on June 12.
Company%20profile
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GRAN%20TURISMO
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SPECS
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Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
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.”
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
RESULT
Al Hilal 4 Persepolis 0
Khribin (31', 54', 89'), Al Shahrani 40'
Red card: Otayf (Al Hilal, 49')
SHAITTAN
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ANATOMY%20OF%20A%20FALL
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What went into the film
25 visual effects (VFX) studios
2,150 VFX shots in a film with 2,500 shots
1,000 VFX artists
3,000 technicians
10 Concept artists, 25 3D designers
New sound technology, named 4D SRL
UAE currency: the story behind the money in your pockets
Rocketman
Director: Dexter Fletcher
Starring: Taron Egerton, Richard Madden, Jamie Bell
Rating: 3 out of 5 stars
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
What is blockchain?
Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.
The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.
Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.
However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.
Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
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Key recommendations
- Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier.
- Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals.
- Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of ‘ancillary orders’.
- More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison.
UAE currency: the story behind the money in your pockets
Mountain%20Boy
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Bundesliga fixtures
Saturday, May 16 (kick-offs UAE time)
Borussia Dortmund v Schalke (4.30pm)
RB Leipzig v Freiburg (4.30pm)
Hoffenheim v Hertha Berlin (4.30pm)
Fortuna Dusseldorf v Paderborn (4.30pm)
Augsburg v Wolfsburg (4.30pm)
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)
Sunday, May 17
Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)
Monday, May 18
Werder Bremen v Bayer Leverkusen (9.30pm)
