Claudio Ranieri's Leicester City are 16th in the Premier League, just two points ahead of Sunderland in the relegation zone. Lee Smith / Action Images / Reuters
Claudio Ranieri's Leicester City are 16th in the Premier League, just two points ahead of Sunderland in the relegation zone. Lee Smith / Action Images / Reuters

Leicester City: What once was so magnificently simple is now abundantly complicated



It isn't always easy to sum up a surreal situation in 140 characters. The press officer running Leicester's official Twitter feed managed it on 6 February.

The Foxes were away at Manchester City, the title favourites. After an hour, the improbability of their position was described perfectly: "So if you're just joining us.... #lcfc are leading 3-0 and Robert Huth is on a hat-trick!"

The centre-back did not get his hat-trick, and Leicester’s eventual win was only 3-1 but it was, Claudio Ranieri later revealed, the day he began to believe his impossible outsiders could be champions. Now, as these two Cities reconvene for the first time since then, it is with Leicester in danger of suffering a decline that would be as remarkable as their rise.

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“We are in the battle for relegation,” Ranieri admitted after Saturday’s defeat at Sunderland.

Lose on Saturday and, if Sunderland and Hull both win, his side will be in the drop zone. Prioritising the Champions League came at a cost, and while a weakened team faced Porto on Wednesday, a 5-0 defeat suggested they have neither strength in depth nor the team spirit that proved so formidable last year.

There are joking suggestions Leicester could win the Champions League and drop into the Championship and it feels pertinent to point out that at this stage of the season two years ago, they propped up the table. If there are two fundamental differences between that squad and this, it is that higher-calibre but largely ineffective newcomers – the club record buys Ahmed Musa and Islam Slimani, the oft-injured midfielder Nampalys Mendy and the unused Polish winger Bartosz Kapustka – have been acquired with the spoils of success after others reached unexpected, stratospheric heights.

Now Jamie Vardy has gone 16 club games without a goal. Riyad Mahrez’s only league strikes this season have come from the penalty spot. The forward has only mustered four attempts on target in the league all season, the winger just one in open play since September. Neither went to Porto, the latest attempt to spur the Footballer of the Year and the PFA Player of the Year back to form. Ranieri has tried repeating last season’s formula, all to no avail.

“We are the same team doing the same things,” he lamented last week. But they are no longer doing them as well. Mahrez and Vardy, acquired for a combined £1.4 million (Dh6.5m), are no longer terrorising defences. The Algerian is crowded out, the Englishman deprived of room behind them where his pace can be so deadly.

As Leicester concede at set-pieces, the back four that kept 11 clean sheets in 15 games earlier this year is no longer impenetrable. Ranieri’s tactics seemed magnificently simple last year; now complications abound.

They can’t play 4-4-2 without the sold N’Golo Kante, it appears, without exposing the slow defence, but lack the calibre of central midfielders to justify a switch to 4-3-3. There are suggestions some have been lured into complacency aided by the lucrative new contracts their excellence secured. Perhaps focus went before form.

Ranieri may reflect on the strange, elusive nature of chemistry, how everything and everyone gelled, how individuals played better than ever before. Now perhaps only Danny Drinkwater and Shinji Okazaki have replicated last season’s efforts and the midfielder is suspended while the striker has struggled to secure a place after signing of Slimani.

His decisions have grown more difficult. This should be a good time to face the other City, with Nicolas Otamendi, Fernandinho and Sergio Aguero all suspended.

But last season Leicester made most games a bad time to face them. They have to rediscover such resolve before Huth’s heroics at the Etihad seem a mirage.

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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

The biog

Name: Timothy Husband

Nationality: New Zealand

Education: Degree in zoology at The University of Sydney

Favourite book: Lemurs of Madagascar by Russell A Mittermeier

Favourite music: Billy Joel

Weekends and holidays: Talking about animals or visiting his farm in Australia

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%3Cp%3EHeavyweight%20boxer%20Fury%20revealed%20on%20Sunday%20his%20cousin%20had%20been%20%E2%80%9Cstabbed%20in%20the%20neck%E2%80%9D%20and%20called%20on%20the%20courts%20to%20address%20the%20wave%20of%20more%20sentencing%20of%20offenders.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ERico%20Burton%2C%2031%2C%20was%20found%20with%20stab%20wounds%20at%20around%203am%20on%20Sunday%20in%20Goose%20Green%2C%20Altrincham%20and%20subsequently%20died%20of%20his%20injuries.%3C%2Fp%3E%0A%3Cp%3E%26nbsp%3B%E2%80%9CMy%20cousin%20was%20murdered%20last%20night%2C%20stabbed%20in%20the%20neck%20this%20is%20becoming%20ridiculous%20%E2%80%A6%20idiots%20carry%20knives.%20This%20needs%20to%20stop%2C%E2%80%9D%0D%20Fury%20said.%20%E2%80%9CAsap%2C%20UK%20government%20needs%20to%20bring%20higher%20sentencing%20for%20knife%20crime%2C%20it%E2%80%99s%20a%20pandemic%20%26amp%3B%20you%20don%E2%80%99t%20know%20how%20bad%20it%20is%20until%20%5Bit%E2%80%99s%5D%201%20of%20your%20own!%3C%2Fp%3E%0A
The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

New schools in Dubai
What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

MATCH INFO

Alaves 1 (Perez 65' pen)

Real Madrid 2 (Ramos 52', Carvajal 69')

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en