Jonathan Wilson says he likes Jose Mourinho and Chelsea to take the English Premier League title over Manchester City, but only by the slightest of margins. Andy Rain / EPA
Jonathan Wilson says he likes Jose Mourinho and Chelsea to take the English Premier League title over Manchester City, but only by the slightest of margins. Andy Rain / EPA
Jonathan Wilson says he likes Jose Mourinho and Chelsea to take the English Premier League title over Manchester City, but only by the slightest of margins. Andy Rain / EPA
Jonathan Wilson says he likes Jose Mourinho and Chelsea to take the English Premier League title over Manchester City, but only by the slightest of margins. Andy Rain / EPA

Predicting a Premier League season’s outcome is more than a numbers game


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There is a scene in the film Moneyball at which several old scouts, their faces lined by experience, sit around a table looking in horror at the researcher whose statistically driven analysis – they have just been told – will be replacing their gut instinct.

Nobody wants to be a dinosaur, but as stats-based projections proliferate before each football tournament, it is hard not to be gripped by the sense that you do not want them to become too accurate – a large part of the beauty of football is its unpredictability.

A large part of its beauty, too, is that football has both psychological and tactical elements, neither of which – to what I admit is a largely non-mathematical brain – seems difficult to quantify.

Football is not simply won by the “better team”, if you are judging them by adding up their collective ­talents.

One model, for instance, said before the tournament that there was a 49 per cent chance of Brazil winning the World Cup.

I expected them to get to the final, so I cannot claim any greater wisdom there.

But once in Brazil and I had seen them, three things troubled me.

The first two were tactical and inter-related. There was space behind the full-backs, something that had been a problem even in the Confederations Cup, but which I assumed would have been resolved, and there was an over-reliance on Neymar. It was clear that any team that could pack the centre and attack on the flanks would trouble them.

The third was psychological.

I had never seen a team as emotional, playing on such a bubble of hype. It gave cause to consider what would happen if somebody pricked that bubble.

People said that nobody could have foreseen the 7-1 defeat to Germany in the semi-final and, while that may be literally true in that a six-goal margin was shocking, at least four journalists in Britain alone wrote that if Brazil lost it could be by a wide margin.

It is easy to cherry pick examples, and there is probably a confirmation bias that leads us to recall when colleagues have correctly predicted something unusual.

My point is that it is extremely difficult for mathematical projections to take emotional and tactical issues into account. In other words, tournaments evolve, and what seemed certain at the start can soon be cast into doubt by events.

The projections are out again for the English Premier League ahead of the start of the new season on Saturday.

Bloomberg has Manchester City as marginal favourites over Chelsea 38.7 to 38.4 per cent, with Arsenal at 8.5 per cent, Manchester United 7.5, Liverpool 5.8 and Tottenham 0.7 per cent.

They tip Burnley, Queens Park Rangers and Aston Villa to go down, with eight sides having a greater than 10 per cent chance of relegation.

At the top end that tallies with my instinct. City and Chelsea have the strongest squads. While it is not absurd to think Arsenal, United or Liverpool could mount a challenge, they are favourites.

Given that Chelsea's signings seem to have strengthened them exactly where they needed strengthening, and that City may prioritise Uefa Champions League progress this season, I would tip Chelsea, but it is a marginal thing.

It is then a scrap between four sides for the two other Champions League places.

Arsenal should be stronger than they have been for a while but still look short of bite in midfield.

Louis van Gaal has had a positive impact already but United still look short of a couple of players, and nobody knows how Liverpool will react to the loss of Luis Suarez and the pressure of Champions League football.

Then there is Tottenham who, if they were not Tottenham, might be taken more seriously. They have an excellent squad and a promising manager, and if it were not for the years of flattering to deceive at White Hart Lane, there is no reason to think they could not mount a realistic challenge.

At the bottom, a seismic emotional and tactical event has already occurred since the projections were made, namely the departure of Tony Pulis from Crystal Palace.

Before he arrived, they had taken four points from 11 games last season. In 27 games under him, they took 41. His loss is a major blow and immediately puts Palace in danger.

I also fear for Burnley purely because of their lack of resources, and West Bromwich Albion, who have a sense of staleness about them.

The predictions are Chelsea for the title, City to come second, followed by Arsenal and United, with a bottom three of Burnley, Palace and West Brom.

But circumstances change.

By the time the transfer window shuts at the end of August, my thinking may be very different.

sports@thenational.ae

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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.”

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

UAE players with central contracts

Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.

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