Slaven Bilic looks on as bubbles are blown during the Premier League match between West Ham United and Bournemouth at London Stadium on Sunday, August 21, 2016. Michael Regan / Getty Images
Slaven Bilic looks on as bubbles are blown during the Premier League match between West Ham United and Bournemouth at London Stadium on Sunday, August 21, 2016. Michael Regan / Getty Images

Slaven Bilic on life at West Ham’s cavernous new home: ‘I thought the atmosphere was brilliant’



LONDON // Slaven Bilic says West Ham United's move to the London Stadium will be a big success as long as his team keep winning.

Bilic's side celebrated the first Premier League fixture in their new home with a 1-0 victory over Bournemouth, who finished the match with 10 men, on Sunday thanks to Michail Antonio's 85th minute header.

Having spent 112 years playing just a few miles down the road at Upton Park, a storied venue renowned for its hostile atmosphere, West Ham’s decision to rent the rather soulless Olympic Stadium, which hosted athletics in the 2012 Games, risks damaging their home advantage and draining the club of some its character.

See also

• Round-up: West Ham record first league win at London Stadium

• Premier League Team of the Week: Sergio Aguero surging

A cavernous arena with a large running track separating the crowd from the pitch, the stadium doesn’t lend itself to the kind of intimate atmosphere that made Upton Park such a daunting place to visit.

A near-capacity 56,000 crowd packed into the London Stadium on Sunday, but they were subdued for long periods and used most of their vocal energy to protest about the club and local council’s strict guidelines to stay seated at all times.

Despite the sterile experience, West Ham manager Bilic claimed he enjoyed the atmosphere and said the stadium would be rocking like the Upton Park glory days if his players can repeat or improve on last season’s impressive Premier League form.

“I’m not paid to say I like the new stadium if I don’t like it, but I thought the atmosphere was brilliant,” Bilic said.

“I’m a big fan of the old stadium, I like those freezing cold stadiums, but I felt it was proper loud today and the fans helped us big time.

“It’s up to us. As long as we are winning and they are going home happy they are going to pack this stadium. If it’s packed it will be a great atmosphere.”

If West Ham are to fulfil Bilic’s prediction of an atmospheric first season in the London Stadium, they will need better luck with injuries than they are currently experiencing.

Already without record signing Andrew Ayew, France midfielder Dimitri Payet and defender Aaron Cresswell, Bilic learnt on Sunday that former Liverpool striker Andy Carroll would be sidelined for up to six weeks with a knee injury.

Bilic hopes Payet will return by next weekend, but he admitted to being frustrated that the injury-prone Carroll had been ruled out yet again.

“They told me four to six weeks. It’s a big blow for us. It’s a bit frustrating,” Bilic said.

“The worst situation is when you have a player and say he is the one to build around and then you can’t count on him.

“He did the whole preseason really well and then he’s out. That’s why he is so down.

“There is no point in moaning, we know the situation. We just have to play differently.”

With so many players sidelined, Bilic was relieved to see West Ham bounce back from Monday’s late defeat at Chelsea.

“It wasn’t a good game but if we’re talking about character and team spirit, nobody can say we didn’t deserve it,” Bilic said.

For all West Ham’s effort, they didn’t look like breaking through until Bournemouth midfielder Harry Arter was sent off for a second booking in the 77th minute after chopping down Cheikhou Kouyate.

However, it was Arter’s first booking for dissent that infuriated Bournemouth manager Eddie Howe.

“Ultimately it’s the red card that has cost us the game. The second booking is understandable. It’s the first one that burns,” Howe said.

“It’s dissent and we know we can’t do that. We’re going to get red cards galore if we don’t learn quickly.

“I’ve drilled that into the players. I don’t know how many times I can do it.”

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Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

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.”

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.

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
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  • Source: Open desert areas with strong winds

Dust storm

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  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
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Tuesday's fixtures
Group A
Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm
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Why seagrass matters
  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
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What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
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  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
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