Scotland fans invade the Wembley pitch and destroy the goalposts following their side's 2-1 victory in the Home International match against the "Auld Enemy" England on June 4, 1977. The last of these fiercely contested fixtures - on and off the pitch - took place in 1984.
Scotland fans invade the Wembley pitch and destroy the goalposts following their side's 2-1 victory in the Home International match against the "Auld Enemy" England on June 4, 1977. The last of these Show more

Let old hostilities resume



The news that the English and Scottish football associations have been holding discussions about reviving the world's oldest international - first played in 1872 - brought an even broader smile to the face of the ever-smiling Sir Bobby Charlton. "I would love to see the game resurrected," he told me. "Every fan should see an England-Scotland international and every player should experience playing in one. Believe me, there is nothing quite like it in terms of atmosphere and excitement. I was deeply sorry when the game was erased from the calendar and if it resumes, then I'll be first in line for a ticket."

For a man who held aloft the World Cup trophy in 1966 and who won a European Cup winners' medal with Manchester United at the same Wembley Stadium two summers later, those sentiments serve as a hearty recommendation. So what made the annual cross-border skirmish (last played in 1984 although the two nations subsequently met in the European Championship) such a special occasion? "I have a bundle of golden memories," continues Sir Bobby, who wore the three lions on his proud chest on 106 occasions.

"For instance my first ever game at Wembley, England Schoolboys against Wales Schoolboys, a game that attracted a capacity 93,000 in those days. The pitch felt like green velvet; I didn't think we'd be allowed to walk on it far less run around in football boots. After that came my debut for United at Charlton - fittingly I suppose - where I was fortunate enough to score twice. Throw in the World Cup final and the European Cup final meant so much to dear, old Sir Matt [Busby] and, not least, my first cap against Scotland at Hampden Park.

"Football has given me a horde of memories to treasure. Where I grew up in Ashington in Northumberland, you either went down the coal mines, joined the Army or looked for work in the local shipyards. I was lucky - outrageously lucky you could say - of being granted the privilege of playing football for a living." While Wembley '66 remains Charlton's greatest day - "If you don't count meeting my wife Norma and the birth of my two daughters Andrea and Suzanne..." - then the possible resumption of ancient England-Scotland hostilities represents a fond reminder of the fixture which he holds most dear.

"Brazil...West Germany...Italy...they were all very special games for any English player but the most special was always England-Scotland. There's no argument about that and, of course, it was even more important to the Scottish players and fans. I loved playing Scotland at Hampden Park. There was a crowd of 134,000 when I made my international debut in '58 - there must have been the same number lining the streets just to boo our bus - and I reckon 133,999 of them must have been Scots judging by the reception when we ran on to the pitch.

"Hampden's old East terracing where 50,000 spectators were jammed in like sardines was a wall of noise. How they even managed to find room to breathe in is a mystery." Charlton also treasures his first international goal (England's fourth in a 4-0 slaughter of the Scots), scored with a rare header from a cross provided by Tom Finney. "Can you imagine how I felt? A teenager on the same pitch and same team as Tom Finney. Two months previously, I'd been an unknown United reserve. I was so embarrassed I had to steel myself to run over to Tom and say 'thanks'. Because there wasn't a single England fan in the crowd - and if there was one he sensibly kept quiet - all you could hear was this deafening silence. I could even hear the sound of the ball lashing against the net.

"As I was running back for the kick-off I felt someone pulling my arm. When I looked round I saw it was the Scotland goalkeeper Tommy Younger. 'Good goal, son', he growled 'good goal'. Looking back, it's fair to say that I didn't deserve to be picked to play for England at that age. I reckon the selectors felt sorry for me in the aftermath of the Munich air tragedy." Two years later, Charlton and his future Old Trafford buddy Denis Law met on the field of sporting battle for the first time.

"We were only seconds into the game when I received a pass way out on the left. I sent over a cross and suddenly I was lying on my back with Denis grinning down at me. If you'll excuse the Billy Connolly impersonation - 'See you Charlton. You Sassenach. Aye, you're no' at Old Trafford noo, are you, pal? . . .'" Charlton inflicted painful rev-enge at Wembley in '63 when England won 9-3, a humiliating interlude to be forgotten north of the border in 1967 when Scotland became the first team to defeat the "Auld Enemy" at Wembley since the World Cup.

"Oh, we knew it had to happen one day, that we had to lose to someone after winning the World Cup," recalls Sir Bobby. "But the fact it was Scotland made it all the more painful. When I returned to Old Trafford for pre-season training after the 1966 World Cup, Denis [Law] could barely bring himself to look at me. He muttered something about hoping I'd had a nice holiday and turned away. Which is why to this day Denis will tell you how that victory in '67 made the Scots world champions."

Aye, let the fun and games begin anew... sports@thenational.ae

RACE CARD

6.30pm: Handicap (TB) $68,000 (Dirt) 1,600m

7.05pm: Meydan Sprint – Group 2 (TB) $163,000 (Turf) 1,000m

7.40pm: Curlin Stakes – Listed Handicap (TB) $88,000 (D) 2,200m

8.15pm: UAE Oaks – Group 3 (TB) $125,000 (D) 1,900m

8.50pm: Zabeel Mile – Group 2 (TB) $163,000 (T) 1,600m

9.25pm: Balanchine – Group 2 (TB) $163,000 (T) 1,800m

10pm: Al Shindagha Sprint – Group 3 (TB) $130,000 (D) 1,200m

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 RESULTS

5pm: Maiden (PA) Dh80,000 1,400m

Winner: Alnawar, Connor Beasley (jockey), Helal Al Alawi (trainer)

5.30pm: Maiden (PA) Dh80,000 1,400m

Winner: Raniah, Noel Garbutt, Ernst Oertel

6pm: Handicap (PA) Dh90,000 2,200m

Winner: Saarookh, Richard Mullen, Ana Mendez

6.30pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown (PA) Rated Conditions Dh125,000 1,600m

Winner: RB Torch, Tadhg O’Shea, Eric Lemartinel

7pm: Al Wathba Stallions Cup Handicap Dh70,000 1,600m

Winner: MH Wari, Antonio Fresu, Elise Jeane

7.30pm: Handicap Dh90,000 1,600m

Winner: Mailshot, Royston Ffrench, Salem bin Ghadayer

 

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.


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