New Real Madrid manager Julen Lopetegui faces Getafe in his first La Liga match in charge. Reuters
New Real Madrid manager Julen Lopetegui faces Getafe in his first La Liga match in charge. Reuters

Real Madrid need to come racing out of the blocks as they face up to life without Ronaldo



"Do we sign a player?" asked the front cover of Friday's Marca after Wednesday's 4-2 Uefa Super Cup defeat for Real Madrid against Atletico Madrid in Estonia. The two Madrid clubs have won 60 per cent of all European trophies in the past five years - Real Madrid have won four of the past five Uefa Champions League titles - but there's a nervousness since the departure of Zinedine Zidane and Cristiano Ronaldo over the summer.

Smelling blood, the Catalan press splashed with the "confusion" at the Bernabeu, yet it was the first international final which Madrid had lost since 2000 – 13 matches in total – and they didn’t play badly. Real seldom do defeat in any of the finals that matter, though Atletico did get the better of them in the 2013 Copa del Rey final too.

So far it has been a relatively quiet summer for Real, although there is time for new arrivals before the Spanish transfer window closes in two weeks. Having broken even on deals this summer, they also have money – €300 million (over Dh1.2 billion) according to several Spanish sources – to spend, but it’s not like a team who have proven they are the best in the world haven’t signed players.

With his Chelsea contract running down into its final year, goalkeeper Thibaut Courtois came back to the city where he was a hero with Atletico for a bargain €35 million, while midfielder Mateo Kovacic has gone the other way on loan.

Alvaro Odriozola, the 22-year-old right-back who so impressed with Real Sociedad last season and was called up to Spain’s World Cup squad under Julen Lopetegui – now his manager at club level – arrived in a €30 million deal. Odriozola will hope to do better than Asier Illarramendi, the last similarly priced youngster to make the move from San Sebastian to the Bernabeu.

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Read more:

Julen Lopetegui: Real Madrid have to improve in all facets if they are to challenge for La Liga title

Atletico Madrid take sweet revenge on Real to lift Uefa Super Cup

Andy Mitten: New faces and renewed focus at Camp Nou as Messi and Barcelona set sights on Champions League

Ian Hawkey: Cristiano Ronaldo may find goals harder to come by in the land of tough-as-teak defenders

Andy Mitten: Cristiano Ronaldo will find Juventus perfect environment for further greatness

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Brazilian forward Vinicius Junior is the most exciting acquisition. The 18 year old arrives in a €45 million deal from Flamengo. He delighted a 64,000 crowd with his trickery when Madrid played Manchester United in their first pre-season game in Miami.

Ronaldo aside, Madrid have kept all their big guns. Those serial winners from captain Sergio Ramos to Karim Benzema, Toni Kroos to Isco all remain for the new season. Gareth Bale will be expected to become more of a star man in Ronaldo’s absence. As the Welshman showed in the Uefa Champions League final, which he was frustrated to start on the bench, he has the talent to produce something spectacular in the biggest matches. Bale needs to stay injury free, but while he hasn’t really learnt Spanish, he is genuinely happy at Madrid - when he’s playing.

Madrid have a tough first two months, with games at Girona, who defeated them last season, Athletic Bilbao, Sevilla, Alaves and Barcelona. They also host Atletico Madrid, who have a ruthless confidence about them, on September 29.

Madrid and Spain will miss Ronaldo, the question is: how much? The Portuguese has been Madrid’s best player season after season, their top scorer with 450 goals in nine incredible seasons. Madrid made a profit on him and won’t miss his annual agitating for a new contract, but they will be heavily criticised if they slip from the heights Ronaldo helped them reach.

Madrid suffered a terrible start last season, winning two of their opening five league games. The title race wasn’t over by the time they lost to Real Betis in September, but they were already seven points behind Barcelona after five games, a gap which only increased.

Getafe, Madrid’s first opponents who travel across the capital to visit the Bernabeu where they narrowly lost 2-1 last season, are a genuine test. They fared better than any of the promoted teams last season, finishing eighth, and were superbly organised as they held champions Barcelona 0-0 away in February.

New manager Lopetegui, who wants his team to play a high pressing attacking game, doesn’t control which players arrive, but there is external pressure for his side to be bolstered by a forward, even if only as a back-up, as Javier Hernandez was in 2014/15. That pressure would quickly melt if his team start the season as well as Barcelona did last term, but the managerial fuse is a short one at Madrid.

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Brief scoreline:

Manchester United 2

Rashford 28', Martial 72'

Watford 1

Doucoure 90'

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

ICC Women's T20 World Cup Asia Qualifier 2025, Thailand

UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

Earth under attack: Cosmic impacts throughout history

4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon

- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.

50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater

1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.  

1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.

1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.

-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.

Empire of Enchantment: The Story of Indian Magic

John Zubrzycki, Hurst Publishers

Results
%3Cp%3E%0D%3Cstrong%3EElite%20men%3C%2Fstrong%3E%0D%3Cbr%3E1.%20Amare%20Hailemichael%20Samson%20(ERI)%202%3A07%3A10%0D%3Cbr%3E2.%20Leornard%20Barsoton%20(KEN)%202%3A09%3A37%0D%3Cbr%3E3.%20Ilham%20Ozbilan%20(TUR)%202%3A10%3A16%0D%3Cbr%3E4.%20Gideon%20Chepkonga%20(KEN)%202%3A11%3A17%0D%3Cbr%3E5.%20Isaac%20Timoi%20(KEN)%202%3A11%3A34%0D%3Cbr%3E%3Cstrong%3EElite%20women%3C%2Fstrong%3E%0D%3Cbr%3E1.%20Brigid%20Kosgei%20(KEN)%202%3A19%3A15%0D%3Cbr%3E2.%20Hawi%20Feysa%20Gejia%20(ETH)%202%3A24%3A03%0D%3Cbr%3E3.%20Sintayehu%20Dessi%20(ETH)%202%3A25%3A36%0D%3Cbr%3E4.%20Aurelia%20Kiptui%20(KEN)%202%3A28%3A59%0D%3Cbr%3E5.%20Emily%20Kipchumba%20(KEN)%202%3A29%3A52%3C%2Fp%3E%0A

The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

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.”

JOKE'S%20ON%20YOU
%3Cp%3EGoogle%20wasn't%20new%20to%20busting%20out%20April%20Fool's%20jokes%3A%20before%20the%20Gmail%20%22prank%22%2C%20it%20tricked%20users%20with%20%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Fmentalplex%2F%22%20target%3D%22_blank%22%3Emind-reading%20MentalPlex%20responses%3C%2Fa%3E%20and%20said%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Fpigeonrank%2F%22%20target%3D%22_blank%22%3E%20well-fed%20pigeons%20were%20running%20its%20search%20engine%20operations%3C%2Fa%3E%20.%3C%2Fp%3E%0A%3Cp%3EIn%20subsequent%20years%2C%20they%20announced%20home%20internet%20services%20through%20your%20toilet%20with%20its%20%22%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Ftisp%2Finstall.html%22%20target%3D%22_blank%22%3Epatented%20GFlush%20system%3C%2Fa%3E%22%2C%20made%20us%20believe%20the%20Moon's%20surface%20was%20made%20of%20cheese%20and%20unveiled%20a%20dating%20service%20in%20which%20they%20called%20founders%20Sergey%20Brin%20and%20Larry%20Page%20%22%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Fromance%2Fpress.html%22%20target%3D%22_blank%22%3EStanford%20PhD%20wannabes%3C%2Fa%3E%20%22.%3C%2Fp%3E%0A%3Cp%3EBut%20Gmail%20was%20all%20too%20real%2C%20purportedly%20inspired%20by%20one%20%E2%80%93%20a%20single%20%E2%80%93%20Google%20user%20complaining%20about%20the%20%22poor%20quality%20of%20existing%20email%20services%22%20and%20born%20%22%3Ca%20href%3D%22https%3A%2F%2Fgooglepress.blogspot.com%2F2004%2F04%2Fgoogle-gets-message-launches-gmail.html%22%20target%3D%22_blank%22%3Emillions%20of%20M%26amp%3BMs%20later%3C%2Fa%3E%22.%3C%2Fp%3E%0A
The years Ramadan fell in May

1987

1954

1921

1888

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Emiratisation at work

Emiratisation was introduced in the UAE more than 10 years ago

It aims to boost the number of citizens in the workforce particularly in the private sector.

Growing the number of Emiratis in the workplace will help the UAE reduce dependence on overseas workers

The Cabinet in December last year, approved a national fund for Emirati jobseekers and guaranteed citizens working in the private sector a comparable pension

President Sheikh Khalifa has described Emiratisation as “a true measure for success”.

During the UAE’s 48th National Day, Sheikh Khalifa named education, entrepreneurship, Emiratisation and space travel among cornerstones of national development

More than 80 per cent of Emiratis work in the federal or local government as per 2017 statistics

The Emiratisation programme includes the creation of 20,000 new jobs for UAE citizens

UAE citizens will be given priority in managerial positions in the government sphere

The purpose is to raise the contribution of UAE nationals in the job market and create a diverse workforce of citizens

The years Ramadan fell in May

1987

1954

1921

1888

Company%C2%A0profile
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Stage 3 results

1 Adam Yates (GBR) Mitchelton-Scott 4:42:33

2 Tadej Pocagar (SLO) UAE Team Emirates 0:01:03

3 Alexey Lutsenko (KAZ) Astana 0:01:30

4 David Gaudu (FRA) Groupama-FDJ

5 Rafal Majka (POL) Bora-Hansgrohe         

6 Diego Ulissi (ITA) UAE Team Emirates  0:01:56

General Classification after Stage 3:

1 Adam Yates (GBR) Mitchelton-Scott 12:30:02

2 Tadej Pocagar (SLO) UAE Team Emirates 0:01:07

3  Alexey Lutsenko (KAZ) Astana 0:01:35

4 David Gaudu (FRA) Groupama-FDJ 0:01:40

5  Rafal Majka (POL) Bora-Hansgrohe

6 Wilco Kelderman (NED) Team Sunweb)  0:02:06