Barcelona hired Luis Enrique as its new coach on Monday, hoping the former player can help restore the club's recent success following its first season in six years without a major trophy. AP Photo/Lalo R. Villar
Barcelona hired Luis Enrique as its new coach on Monday, hoping the former player can help restore the club's recent success following its first season in six years without a major trophy. AP Photo/Lalo R. Villar
Barcelona hired Luis Enrique as its new coach on Monday, hoping the former player can help restore the club's recent success following its first season in six years without a major trophy. AP Photo/Lalo R. Villar
Barcelona hired Luis Enrique as its new coach on Monday, hoping the former player can help restore the club's recent success following its first season in six years without a major trophy. AP Photo/La

Greatest challenge yet for Luis Enrique awaits him back in Spain


Andy Mitten
  • English
  • Arabic

Luis Enrique was offered the Barcelona job a year ago, but requested time to think about it with his family. Meanwhile, the Catalans approached Gerardo Martino and Enrique instead joined Celta Vigo.

He wanted to get back into management after a year at Roma which hadn’t gone to plan. When the Italians appointed him after three years in charge of Barca B where he had replaced Pep Guardiola, they expected him to repeat Guardiola’s Barca’s success.

It didn’t happen and they parted on mutual terms, but Enrique said that Rome was: “a unique experience, a positive one. I was only there a year. I had another year on the contract but didn’t feel that I had any more to give them. It let me see other players and other ways of playing the game.

“In Serie A, they wait to see how the opposition play, then they form their tactics. In Spain, the idea is to control the ball, but a lot depends on the players you have. The way of interpreting the game reflects the culture.”

Enrique likes to learn from different cultures. He also considered the idea of working in England and was learning English. He spoke of his respect for Liverpool’s Brendan Rodgers long before he had got it right at Anfield, but the offers for his talents came from Spain.

Enrique was a success at Celta, leading a team who had only avoided relegation on the final day of last season to a ninth-place finish this season.

Celta continually improved throughout the season, rising towards ninth at the end of the campaign. They won more away games than any team outside the top three and beat his former team Real Madrid at home. Goals were a problem, especially at home where Celta scored just 16 times in 19 matches, but he will now be working with far superior talents.

Enrique found living away from his family, who stayed in Barcelona, difficult. Enrique, 44, is a proud Asturian from Gijon, though his wife is Catalan and they have made Barcelona’s Mediterranean coastline their family home since 1996.

Enrique is a popular figure among Barcelona fans and players, several of whom are former teammates. A legendary player, once the lungs of Louis Van Gaal’s Barca side, he does not enjoy giving media interviews, though he retains a genuine love for football and attended several big derby games as a fan once his playing career was over in 2004. Only once was he recognised, on Anfield’s Kop.

A fitness fanatic who has run in Ironman competitions across the Sahara desert, he faces his greatest management challenge yet at Camp Nou. He is seldom fazed and is made of stern stuff. He will need to be in charge at Barcelona.

Defender Pique signs five-year extension with Catalans

Barcelona defender Gerard Pique has agreed a new five-year contract with the club, the Spanish giants said on their website on Tuesday.

Pique, 27, came through the youth system at the Catalan club and returned to Barca in 2008 after four years at Manchester United.

He played a key role in Barca’s golden era in which they won the Uefa Champions League in 2009 and 2011 as well as the Primera Liga title four times between 2009 and 2013.

“Barcelona announce that they have agreed a deal with Gerard Pique for the renewal of his contract ... for the next five seasons,” a club statement said.

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THE SPECS

Engine: 1.6-litre turbo

Transmission: six-speed automatic

Power: 165hp

Torque: 240Nm

Price: From Dh89,000 (Enjoy), Dh99,900 (Innovation)

On sale: Now

Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

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The specs

Engine: 6.2-litre V8

Power: 502hp at 7,600rpm

Torque: 637Nm at 5,150rpm

Transmission: 8-speed dual-clutch auto

Price: from Dh317,671

On sale: now

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.”

MATCH INFO

Manchester United v Manchester City, Wednesday, 11pm (UAE)

Match is on BeIN Sports

Friday's schedule at the Etihad Airways Abu Dhabi Grand Prix

GP3 qualifying, 10:15am

Formula 2, practice 11:30am

Formula 1, first practice, 1pm

GP3 qualifying session, 3.10pm

Formula 1 second practice, 5pm

Formula 2 qualifying, 7pm

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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25%20Days%20to%20Aden
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Uefa Champions League play-off

First leg: Wednesday, 11pm (UAE)
Ajax v Dynamo Kiev

Second leg: Tuesday, August 28, 11pm (UAE)
Dynamo Kiev v Ajax

MWTC info

Tickets to the MWTC range from Dh100 and can be purchased from www.ticketmaster.ae or by calling 800 86 823 from within the UAE or 971 4 366 2289 from outside the country and all Virgin Megastores. Fans looking to attend all three days of the MWTC can avail of a special 20 percent discount on ticket prices.

Results

1. New Zealand Daniel Meech – Fine (name of horse), Richard Gardner – Calisto, Bruce Goodin - Backatorps Danny V, Samantha McIntosh – Check In. Team total First round: 200.22; Second round: 201.75 – Penalties 12 (jump-off 40.16 seconds) Prize €64,000

2. Ireland Cameron Hanley – Aiyetoro, David Simpson – Keoki, Paul Kennedy – Cartown Danger Mouse, Shane Breen – Laith. Team total 200.25/202.84 – P 12 (jump-off 51.79 – P17) Prize €40,000

3. Italy Luca Maria Moneta – Connery, Luca Coata – Crandessa, Simone Coata – Dardonge, Natale Chiaudani – Almero. Team total 130.82/198.-4 – P20. Prize €32,000

Asia Cup Qualifier

Venue: Kuala Lumpur

Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September

Fixtures:

Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore

Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman

Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal

Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore

Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong

Thu Sep 6: Final

 

Asia Cup

Venue: Dubai and Abu Dhabi

Schedule: Sep 15-28

Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier

Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.