Real Madrid manager Carlo Ancelotti could be hampered from bringing new recruits to the Santiago Bernabeu by a transfer ban. Gerard Julien / AFP
Real Madrid manager Carlo Ancelotti could be hampered from bringing new recruits to the Santiago Bernabeu by a transfer ban. Gerard Julien / AFP
Real Madrid manager Carlo Ancelotti could be hampered from bringing new recruits to the Santiago Bernabeu by a transfer ban. Gerard Julien / AFP
Real Madrid manager Carlo Ancelotti could be hampered from bringing new recruits to the Santiago Bernabeu by a transfer ban. Gerard Julien / AFP

Impending Real Madrid and Atletico transfer bans set to shake up summer market


Andy Mitten
  • English
  • Arabic

Real Madrid and Atletico Madrid will be hit with an immediate transfer ban for the next two transfer windows according to respected sources in Spain.

Cadena Ser and Cadena COPE radio stations reported that Fifa will hand out the same sanction as Barcelona have already received, meaning the club are unable to buy or sell new players in 2015.

Barca’s sanctions followed an anonymous formal complaint prompting a Fifa investigation which subsequently found them guilty of continually breaking rules around signing underage players. Barca appealed, but forewarned of the probable ban, were able to buy extra players in 2014. Their punishment was upheld by the Court of Arbitration for Sport on December 30, 2014.

The Madrid clubs would also be likely to appeal to have their bans suspended, pending a full hearing as Barca did. Their bans would then likely start in 2016. It’s believed that Fifa are also investigating other Spanish clubs.

See more: The National's Transfer Talk page

According to Cadena Ser, Atletico will be the first of the clubs to be notified of the suspension, although both clubs were aware that Fifa were investigating them. The assumption is that they were following Spanish and not Fifa rules.

Atletico spent more last summer than in any close season in their history and also bought Fernando Torres and Cani in the January transfer window, while Real Madrid were busy in the January transfer window, spending over EU€50 million (Dh202m) to bring in four players. There was surprise that Madrid paid €30m for full-back Danilo from FC Porto only to announce that he’ll arrive in the summer, but the reason behind their stocking up on players could become clearer.

Madrid also bought Martin Odegaard for €2.3m – a figure which could rise by 50 per cent dependent on appearances. The 16-year-old Norwegian was called up to their match day squad for last night’s home game against Almeria.

Brazilian midfielder Lucas Silva also arrived at the Bernabeu from Sao Paulo for €14m, with teenage winger Marco Asensio (who remains on loan at Mallorca) joining the club for €3.9m. Agreed purchases would not be affected by any bans.

Players out on loan such as Madrid’s Carlos Casimiro (Porto), Denis Cheryshev (Villarreal) and Jose Rodriguez (Deportivo) could also be recalled. Atletico have Toby Alderweireld on loan at Southampton, plus the hugely talented pair of Leo Baptistao at Rayo Vallecano and Oliver Torres at Porto.

Cadena Ser claim that the Angel Maria Villar, the president of the Spanish Football Federation (RFEF) contacted Sep Blatter at Fifa to try to persuade him to stop the ban, without success. Blatter could, on his probable re-election as Fifa president next month, grant a worldwide amnesty but that would be unlikely given a legal precedent has been set with Barcelona’s punishment.

The prospect of a ban and likely appeals will add urgency to the summer transfer plans of both clubs. Madrid have been strongly linked with a move for Manchester United goalkeeper David de Gea, which they’d would try and push through this summer. De Gea is out of contract at the end of next season and has consistently stalled over signing a new deal at Old Trafford.

If the ban starts in the summer then Madrid will be unable to sign him, but more likely the club will appeal and be able to buy players this summer as Barcelona did last term. That would pressure Madrid to get the deal done – putting United in a stronger position to get a better fee, though the Catalan newspaper Mundo Deportivo claims that Madrid think they will only be fined.

Fifa and Atletico have yet to make a statement; both clubs and the Spanish Federation claim that they’ve yet to receive any confirmation of a transfer ban.

In a club statement, Real hit back strongly against the claims, stating that “the said information is completely false” and that they had “always scrupulously adhered to Fifa regulations.”

Barcelona also denied their actions and suggested it was conspiracy by outsiders envious of their Masia academy system. The club paid for a large flag to convey this message. The flag hasn’t been seen since Barca lost their appeal, having been found guilty.

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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.”

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.

 

 

Results
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If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50

The%20specs
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The%20specs
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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

RESULTS

6.30pm Handicap (TB) $68,000 (Dirt) 1,200m

Winner Canvassed, Par Dobbs (jockey), Doug Watson (trainer)

7.05pm Meydan Cup – Listed Handicap (TB) $88,000 (Turf) 2,810m

Winner Dubai Future, Frankie Dettori, Saeed bin Suroor

7.40pm UAE 2000 Guineas – Group 3 (TB) $125,000 (D) 1,600m

Winner Mouheeb, Ryan Curatolo, Nicholas Bachalard

8.15pm Firebreak Stakes – Group 3 (TB) $130,000 (D) 1,600m

Winner Secret Ambition, Tadhg O’Shea, Satish Seemar

9.50pm Meydan Classic – Conditions (TB) $$50,000 (T) 1,400m

Winner Topper Bill, Richard Mullen, Satish Seemar

9.25pm Dubai Sprint – Listed Handicap (TB) $88,000 (T) 1,200m

Winner Man Of Promise, William Buick, Charlie Appleby

Meatless Days
Sara Suleri, with an introduction by Kamila Shamsie
​​​​​​​Penguin 

Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Zayed%20Centre%20for%20Research
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SQUADS

Pakistan: Sarfraz Ahmed (capt), Azhar Ali, Shan Masood, Sami Aslam, Babar Azam, Asad Shafiq, Haris Sohail, Usman Salahuddin, Yasir Shah, Mohammad Asghar, Bilal Asif, Mir Hamza, Mohammad Amir, Hasan Ali, Mohammad Abbas, Wahab Riaz

Sri Lanka: Dinesh Chandimal (capt), Lahiru Thirimanne (vice-capt), Dimuth Karunaratne, Kaushal Silva, Kusal Mendis, Sadeera Samarawickrama, Roshen Silva, Niroshan Dickwella, Rangana Herath, Lakshan Sandakan, Dilruwan Perera, Suranga Lakmal, Nuwan Pradeep, Vishwa Fernando, Lahiru Gamage

Umpires: Ian Gould (ENG) and Nigel Llong (ENG)
TV umpire: Richard Kettleborough (ENG)
ICC match referee: Andy Pycroft (ZIM)