Spanish midfielder Javi Martinez will face Stuttgart tomorrow with new club Bayern Munich.
Spanish midfielder Javi Martinez will face Stuttgart tomorrow with new club Bayern Munich.
Spanish midfielder Javi Martinez will face Stuttgart tomorrow with new club Bayern Munich.
Spanish midfielder Javi Martinez will face Stuttgart tomorrow with new club Bayern Munich.

Javi Martinez gives Bayern Munich added bite


Ian Hawkey
  • English
  • Arabic

The Bundesliga has entered its 50th season. That might seem young for a major professional league in Europe, and Germany has seldom in its history had to play catch-up with football's trendsetters, but it is big country and a national Bundesliga was late to evolve because it replaced a system of regional leagues.

They united only in the early 1960s to combat a trickle of talented West Germans abroad, to professionalise the game, and to strengthen the national squad.

Fifty years on, its financial musclemen are showing off their own power to lure talent from abroad.

Bayern Munich put down a landmark in the annals of club football last Wednesday by paying €40 million (Dh183.8m) for a single player. Nobody has ever moved to a Bundesliga team with a higher price-tag than the Basque midfielder Javi Martinez, who has joined Bayern from Athletic Bilbao in Spain and may make his debut tomorrow against Stuttgart.

The Martinez transfer is eye-catching for several reasons. First, he is not a striker or a dazzling midfield player, the sorts for whom record-breaking fees tend to be tabled.

Of his talent, as a commanding anchor of a midfield, or an imposing central defender, there is no doubt, and among his suitors had been Barcelona, Manchester United and Manchester City.

These are the sorts of club an ambitious young Spanish international might be expected to more naturally gravitate to. Half of Barcelona's team were fellow World Cup winners with Martinez, the youngest member of the 2010 Spain squad in South Africa; United's David de Gea was a teammate in the 2011 European championship-winning Spain Under 21 side; he has seen how well his international colleague, David Silva, has done at City.

But Martinez chose the Bundesliga, and by acquiring him, Bayern have joined a widespread fashion among Europe's heavyweight clubs, which is to have a member of Spain's so-called golden generation of players on their roster.

Just as City have Silva, United De Gea, Chelsea have Juan Mata and Arsenal Santi Cazorla, and now AC Milan have snapped up, from Roma, the former Spain Under 21 champion, Bojan Krkic.

Picking out the best Spaniards who are not yet at Real Madrid or Barcelona has become a badge of honour outside Spain, a sign that a club is the vanguard of the modern game, that it values technique and wants an injection of whatever it is that makes the Spanish such serial international champions.

Reaction from around the German top flight to the transfer has been mixed. Hans-Joachim Watzke, the general manager of Borussia Dortmund remarked: "It's a good thing for the Bundesliga that a current Spanish international comes to play in Germany. It shows the league is valued. It also confirms Bayern have financial resources no other German club can match."

Not even the reigning champions, Dortmund.

Dortmund's triumphs in cup and league over Bayern last season hurt Martinez's new employers, as did defeat - on penalties - against Chelsea in the Champions League final, staged in Munich, last May.

Hence the perception, voiced from Bayer Leverkusen, spiky rivals of Bayern, that, in the words of Leverkusen's general manager Wolfgang Holzhauser, the Martinez capture makes "it looks as if Bayern are showing their nervousness, and just buying in a winning mentality".

The idea that Bayern are frail under pressure is bound to be a taunt wherever they go over the next few months. Finishing as runners-up in three competitions, as silver-medallists the last two Bundesliga seasons, and second in a European Cup final twice in three seasons, falls short of expectation for a club who have eight senior current Germany internationals in their ranks, plus arguably the most mercurial attacking footballers from France, in Franck Ribery, and Holland, in Arjen Robben.

Those two, not the firmest of friends, make the dressing room a lively place, and it may become even more interesting politically now that players know veteran head coach Jupp Heynckes will be leaving - he has indicated as much - at the end of 2012/13. Martinez, who turns 24 tomorrow, can expect a very different environment to the defiantly provincial, Basques-only set-up he has left at Athletic.

He is, though, an impressively mature young footballer, 1.90m tall, strong in the tackle and astute in the positional discipline that allows him to make a striking number of important interceptions.

Add to that a poise and precision in circulating the ball, and he has the assets to add bite and urgency to a Bayern side determinedly seeking the difference between silver and gold.

War and the virus
The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

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.”

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
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.

While you're here
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UAE currency: the story behind the money in your pockets
Results
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MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Company%20Profile
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Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
Japan 30-10 Russia

Tries: Matsushima (3), Labuschange | Golosnitsky

Conversions: Tamura, Matsuda | Kushnarev

Penalties: Tamura (2) | Kushnarev

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Set-jetting on the Emerald Isle

Other shows filmed in Ireland include: Vikings (County Wicklow), The Fall (Belfast), Line of Duty (Belfast), Penny Dreadful (Dublin), Ripper Street (Dublin), Krypton (Belfast)

Places to go for free coffee
  • Cherish Cafe Dubai, Dubai Investment Park, are giving away free coffees all day. 
  • La Terrace, Four Points by Sheraton Bur Dubai, are serving their first 50 guests one coffee and four bite-sized cakes
  • Wild & The Moon will be giving away a free espresso with every purchase on International Coffee Day
  • Orange Wheels welcome parents are to sit, relax and enjoy goodies at ‘Café O’ along with a free coffee
WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

The Bio

Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity