AD200810614779486AR
AD200810614779486AR
AD200810614779486AR
AD200810614779486AR

He embodied US sport


  • English
  • Arabic

Who do you think is sport's all-time best? Each week, we will profile a candidate, inviting you to decide who should top our list of 50. All participants will be entered into a draw for the weekly adidas prize and an end-of-contest Etihad Holidays four-day trip for two, including business class flights and accommodation, to a mystery location. We will reveal the full 50 at the end, but this week Desmond Kane looks at the basketballer Michael Jordan.

"I've missed more than 9,000 shots in my career. I've lost almost 300 games. Twenty-six times I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed." Michael Jordan. An NBA player once described by the Boston Celtic's Larry Bird as a god in disguise. All slam dunks, trophies, hundreds of millions of dollars, largesse, records, cigars, charities and celebrity golf tournaments. All hoopla amid the hoops. A train of thought that is simplistic, informative but also rousing.

Trying to cut through the numbers enveloping this American player, in a land where the national sporting culture is defined by statistics, is challenging. Assembling some words in a limited space about Jordan is a Herculean task, like it must have felt when trying to smuggle a basketball away from this almost mythical figure during his pomp of representing the Chicago Bulls and Washington Wizards over a three-decade stretch as memorable as any of his three-peats.

Whatever one omits, there will be something that should have been included. Writing about the pope would probably be as manageable a task. There is so much space dedicated to Jordan and his life and times. Air Jordan floated on air, a man capable of throwing his 6ft 6in frame from the free-point line straight to the height of the basket. Upon reflection, some of his moves alongside Bugs Bunny in the movie Space Jam did not seem so far fetched.

Jordan has come to represent more than American basketball. He embodies US sport in representing an image, a brand and even the American dream, though perhaps not the one Francis Scott Fitzgerald wrote about. There are swathes of newsprint, magazine articles and interviews dedicated to such a figure, and trying to characterise him would take considerably longer than the space allotted to these pages.

Perhaps one should disregard a lot of the matter and, as the Nike sports brand with which Jordan has become associated over the years advises, just do it. The facts are there in black-and-white, or the red-black-and-white of the Bulls, but it is heavenly thread that links them. Jordan was proclaimed the NBA's Most Valuable Player, or MVP, in 1988, 1991, 1992, 1996, and 1997. He was a member of the US team that won Olympic gold in 1984 and their "dream team" of 1992.

He potted 63 points to set the record for the largest individual haul in an NBA play-off game against Boston Celtic in 1986, He has also scored over 50 points in a game on 34 occasions. At times, Jordan has mimicked a heavyweight boxer in his free time, being content to smoke cigars and shimmy up to a celebrity lifestyle. Like every worthwhile boxer, there has also been a comeback. Born in Brooklyn, he seems to have possessed the same tendency to reappear as his New York neighbour from Hoboken, Frank Sinatra. When it was announced to the world on Wednesday that the cyclist Lance Armstrong was ready to throw himself into a comeback in the Tour de France, the name of Jordan was immediately raised.

Jordan's first three-peat was completed in 1993 when the Bulls emulated the Boston Celtic's achievement of the 1960s. The Bulls downed the Los Angeles Lakers and Magic Johnson in 1991, the Portland Trail Blazers and Clyde Drexler a year later, and the Phoenix Suns and Charles Barkley to claim a third straight title. He retired for the first time in Oct 1993, three months after his father was murdered.

He spent a year playing minor league baseball with a feeder club of the Chicago White Sox before uttering the words "I'm back" to signify his return to the NBA in the early months of 1995. Jordan scored 55 points against the New York Knicks five games into his return, and in 1996 helped the Bulls reclaim the NBA crown and a triple success in earning the regular season, All-star and finals MVP awards.

Victory over the Seattle Supersonics guaranteed them the title, and a title as one of the greatest teams in NBA history. A year later, the Bulls beat the Utah Jazz aided by the exploits of Jordan and Dennis Rodman before a repeat three-peat was realised when the Bulls recorded 62 wins in the regular season and took the title in 1998 with another victory over the Jazz. After returning to the NBA with the Washington Wizards in 2001, Jordan participated in his final all-star game two years later, and usurped Kareem Abdul-Jabbar as the leading scorer in any All-Star game. In deference to an icon, the Miami Heat retired the No 23 despite Jordan having never played for the team.

The NBA may not be the staple diet of many countries in the world yet Jordan's presence, like that of Tiger Woods, has made him more than a sportsman. Air Jordan, or His Airness as he has been nicknamed, is as much of a brand as the sports company who endorse him. Now aged 45, his career may have ceased but Jordan is a man who continues to score when he is not playing. Cast your vote and enter a draw for a weekly Dh500 adidas voucher and a dream trip with Etihad Holidays. If you think Jordan is the all-time best, text G22 to 2337 Texts cost Dh5 and voting will end at midnight on Thursday September 18. @Email:dkane@thenational.ae

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

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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.”

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5