The USA goalkeeper Tim Howard hangs on to the ball as the Spanish striker Fernando Torres challenges during the Confederations Cup semi-final in Bloemfontein.
The USA goalkeeper Tim Howard hangs on to the ball as the Spanish striker Fernando Torres challenges during the Confederations Cup semi-final in Bloemfontein.
The USA goalkeeper Tim Howard hangs on to the ball as the Spanish striker Fernando Torres challenges during the Confederations Cup semi-final in Bloemfontein.
The USA goalkeeper Tim Howard hangs on to the ball as the Spanish striker Fernando Torres challenges during the Confederations Cup semi-final in Bloemfontein.

How the USA tamed Spain


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BLOEMFONTEIN// The USA's remarkable victory over Spain in the semi-finals of the Confederations Cup has not only sparked celebrations in the American camp but seen international managers all over the world clamour to analyse the tactical template used by coach Bob Bradley. The 2-0 victory in Bloemfontein, thanks to goals from Jozy Altidore and Clint Dempsey, was the first time European champions Spain had lost in 36 matches, and the question now being asked is: have the USA stumbled on a formula to beat Vincente Del Bosque's side or was this just a statistical blip?

The prospect of the world's great coaches queuing at his door for advice will probably amuse Bradley, who faced accusations of tactical ineptitude - and calls for him to quit - following his team's group stage defeats against Italy and Brazil. But the system he used against a team rated as favourites for next year's World Cup created one of the biggest upsets of the year and instigated possibly the greatest American victory since beating England in the World Cup of 1950, a match dubbed at the time the "Miracle on Grass".

Beating Spain is no miracle, although given no one had done so since Romania in Nov 2006 it was beginning to feel that way, but it is only right the US should enjoy the plaudits today following a brave and disciplined display. The key aspects of Bradley's system were two narrow banks of four at the back, effectively blocking off the centre of the field and forcing Spain out wide, combined with two strikers up front - something no other coach has been brave enough to do in this tournament.

In addition the USA were able to stifle Spain's "Plan B" by using Dempsey to track back on Albert Riera and prevent the Liverpool winger from getting in the kind of crosses that have made him such an important part of his team's unbeaten run. With Cesc Fabregas on the other side of midfield - a player who will always prefer to cut inside - the Americans were able to contain Spain's formidable attack and rely on their athleticism to keep them at bay.

"We were tight defensively and we forced them to play the ball wide, particularly more to the left," said goalkeeper Tim Howard. "We just said: 'right, we're going to deal with as many crosses as you can swing in because we believe we're better at clearing these balls'. "It was a great victory, right up there with our best ever. It was against the number one team in the world in the semi-final of a major tournament and they were on a 35-match winning streak. Now we are looking forward to the final."

It will be interesting to see if Spain's World Cup rivals learn anything from the USA performance, although it is fair to say the Spanish still created a string of chances and if it had not been for four fine saves from Howard and countless defensive blocks the result could have been different. "We were just unlucky in front of goal and I think they had two or three chances and scored two goals," said Fabregas. "It's not about tactics. We have always been playing like that and not lost in 35 games. We had the ball all the time, we created chances and we played our game. But sometimes the ball doesn't go in.

"We knew one day it was going to happen because for sure we're human. But there is great personality in this team so we will stand up and fight to come back." sports@thenational.ae

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Brief scoreline:

Al Wahda 2

Al Menhali 27', Tagliabue 79'

Al Nassr 3

Hamdallah 41', Giuliano 45 1', 62'

Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

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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.”

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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