Barcelona 7 Osasuna 1
Barca: Messi (12’, 61’) Gomes (30’, 57’) Alcacer (64’, 86’) Mascherano (67’ PEN)
Osasuna: Torres (48’)
BARCELONA // Three days after Barcelona’s clasico heroics, the club’s second lowest crowd of the season – 63,989 – saw Luis Enrique’s side hammer bottom club Osasuna 7-1 on a rainy night where Lionel Messi was again the main man.
With optimism high among supporters, a huge flag was unfurled before kick off declaring “Thank you Leo – 500 goals”. Camp Nou was applauding again 10 minutes into the game, a minute’s applause to signify Messi’s shirt number. He responded immediately with the opening goal – his 501st in a Barcelona shirt – pouncing on Fausto Tienza’s stray pass and then driving at goal and chipping goalkeeper Salvatore Sirigu.
Fans in the north end of the stadium who do not normally wear Barca shirts held up the same with Messi’s name on the back to replicate the celebration of his late, great, match-winning clasico strike against bitter rivals Real Madrid on Sunday.
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The Catalans were two up after 29 minutes when Ivan Rakitic crossed for Andre Gomes to shoot cleanly past Sirigu from the edge of the area. The Portuguese, who has been the subject of much criticism in his first season since joining from Valencia for €35 million (Dh140m), looked more relieved than happy as he was surrounded by congratulatory teammates.
“Andre Gomes!” chanted supportive fans after his encouraging performance, though he will be judged more harshly and accurately against better opponents, for his side enjoyed 76 per cent possession in the first half against opponents who struggled to get out of their own half.
Having already lost at home to another struggling team in Alaves and away at Deportivo La Coruna and Malaga, Barca did not want a repeat of those nervy performances, nor when they struggled to overcome Granada 1-0 at home.
Those fears seemed justified two minutes into the second half whenRoberto Torres curled a free kick over Arda Turan in the Barca wall as goalkeeper Marc Andre ter Stegen moved the wrong way.
But Barca immediately reasserted their dominance and Javier Mascherano headed goalwards two minutes later only for Sirgu to push the ball onto his post.
Gerard Pique saw a 55th-minute header also hit the post after he had chested the ball down and shot. This time the rebound came straight to Gomes to volley home to make it 3-1. Barca were ascendant and Messi made it 4-1 after 60 minutes, running at several Osasuna defenders before curling a shot beyond Sirigu for his 502nd goal for his employers.
The Argentine was substituted a minute later, handing over the captain’s armband to Pique as he left the field to a standing ovation.
The goals didn’t stop though.
Paco Alcacer made it 5-1 on 63 minutes, converting from close range after Turan’s forward pass to Mascherano, who knocked the ball towards Alcacer. Mascherano would be the recipient of the biggest cheer of the night five minutes later when a penalty was awarded.
Mascherano, who had never scored for Barcelona in 318 previous outings, stepped up to take the spot kick after Denis Suarez was brought down. The Argentine smashed the ball into the centre of the net to make it 6-1, with fans later singing the name of former manager Tito Vilanova, a day after the third anniversary of his death.
Alcaer put the icing on the cake on 85 minutes as he ran onto a Suarez pass and rounded Sirigu to make the final score 7-1.
With only 18 points from 34 games and only four matches remaining, Osasuna are surely going down after only one season back in Spain’s top flight. Survival is now only a mathematic possibility for the Pamplona club who have been Primera Liga mainstays for much of this century.
The win put Barcelona three points ahead of Real Madrid, who played in last night’s late game at Deportivo La Coruna. With only four games left, the title race is more exciting than at any point this season.
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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.”
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MWTC info
Tickets to the MWTC range from Dh100 and can be purchased from www.ticketmaster.ae or by calling 800 86 823 from within the UAE or 971 4 366 2289 from outside the country and all Virgin Megastores. Fans looking to attend all three days of the MWTC can avail of a special 20 percent discount on ticket prices.