Gary Pallister has revealed he and teammate Roy Keane did not speak during the defender's final year at Manchester United following a pre-season bust-up.
However, he admits their difference of opinion could have been resolved long before it eventually was if the two men had not been so stubborn.
Pallister and Keane formed part of the bedrock upon which Sir Alex Ferguson’s all-conquering United dynasty was built, but as his time at Old Trafford drew to a close – he returned to first club Middlesbrough in July 1998 – Pallister was at loggerheads with the combustible Irishman.
He said: “We just had a fall out on a pre-season tour. We ended up not speaking. It was weird. It wasn’t like we hated each other. We were just both stubborn enough not to say, ‘Here ...’. We should have both put our hands out after that and got on with it.
“We laughed about it at the time, but we just wouldn’t be the one to say, ‘Let’s forget about this’. That’s how stubborn we were.
“But when I left to go to Middlesbrough, I went to get my stuff out of the dressing rooms at The Cliff and Roy was walking up the stairs as I was walking down. He started laughing, I started laughing.
“We shook hands and he said, ‘I wish you all the best, big man’ and we started talking again after that. Something as daft as that, two people being stubborn.”
Pallister was speaking in Dublin, where Keane is currently helping Martin O’Neill to prepare his Republic of Ireland squad for Sunday’s friendly against England.
He added: “The last time I saw him was over at one of the Champions League games. He came to the hotel and we sat down for a coffee and a chat and a catch-up. He’s good company.
“I admire Roy for the way he is and the fact he always speaks his mind. He’s forthright in his views and says what he feels – whether that’s always right or it’s wrong, you’ve got to admire that.”
United old boy Andrew Cole revealed during a visit to Ireland last year that he saw Pallister and Keane come to blows in Marbella on his first pre-season trip with the club, although the central defender played down the incident, which left the Irishman looking for his watch.
Pallister said with a smile: “That was a good night. His watch fell on the floor. He was more concerned about that. It must have been a very expensive one.
“It was handbags. It kind of happened on a players’ night out. You hear things and things are said and I don’t think there were any connections with any punches.
“But we managed to keep it quiet from the gaffer – that was always important.”
For all that, Pallister retains a huge admiration for Keane and is confident he will return to management in his own right before long
He said: “I’m delighted to see him doing well – I’m delighted to see all the guys I played with who have gone into coaching or management do well. He evokes a lot of media coverage, does Roy.
“I got on great with him while I was at United. We had our ups and downs at times. I think he’s a very strong character.
“I would expect to see him back in management in his own right eventually, but I think he will be very good for the Ireland team right now.”
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The%20specs
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Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
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.”
RESULTS
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STAY%2C%20DAUGHTER
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
UAE - India ties
The UAE is India’s third-largest trade partner after the US and China
Annual bilateral trade between India and the UAE has crossed US$ 60 billion
The UAE is the fourth-largest exporter of crude oil for India
Indians comprise the largest community with 3.3 million residents in the UAE
Indian Prime Minister Narendra Modi first visited the UAE in August 2015
His visit on August 23-24 will be the third in four years
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited India in February 2016
Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017
Modi will visit Bahrain on August 24-25
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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