South Africa are one of the few teams Pakistan have played regularly through a difficult decade. Nikhil Monteiro / Reuters
South Africa are one of the few teams Pakistan have played regularly through a difficult decade. Nikhil Monteiro / Reuters
South Africa are one of the few teams Pakistan have played regularly through a difficult decade. Nikhil Monteiro / Reuters
South Africa are one of the few teams Pakistan have played regularly through a difficult decade. Nikhil Monteiro / Reuters

New world order in cricket may work to counter BCCI


  • English
  • Arabic

“Bilateralism doesn’t brook multilateral defiances.”

So went the response of Najam Sethi, the current Pakistan Cricket Board (PCB) head, last week in Abu Dhabi.

Sitting next to him was Haroon Lorgat, the chief executive of Cricket South Africa (CSA) and the occasion, underwhelming as it was, was the signing of an agreement between the two boards to play a short, limited-overs series in South Africa, starting later this week.

The question, inadvertently as relevant to Lorgat as Sethi, was whether signing this series was an act of defiance against the Board of Control for Cricket in India (BCCI). The question was perfectly valid even if not particularly nuanced, influenced no doubt by the headlines of the dispute between CSA and the BCCI, and in the bigger picture, by the semi-permanent freeze in ties between the BCCI and the PCB.

Sethi’s response (though still not cleansed entirely of the suspicion that it is highfalutin nothingness) is worth noting, because as hurried and pointless as this series looks, it carries greater currents within it.

South Africa needed to fill however much of the vast gap left by India’s shortened tour; Pakistan always need to play more cricket. Pakistan will not fill the financial void India left behind in South Africa’s coffers. A short, limited-overs series in South Africa will not exactly replenish, as Sethi himself admitted, the PCB’s finances though any little bit will help.

“We don’t get to make too much money,” Sethi said, “but we don’t lose any and our boys get to play South Africa in South Africa.”

It is in the bigger realpolitik jigsaw of cricket, however, that the series may bring value.

Alliances in international cricket are no longer as easy to form or define as they once were. There is no geographical power bloc; there is no longer a colonialist order.

Everyone wants to be on the right side of the money, which means being on the right side of the BCCI. That means being able to generate money for them. No longer is it enough to be on good terms with BCCI; only if it makes enough money for the BCCI is the series deemed amenable.

There remains enough lucre in the Australia rivalry, for instance, despite the falling status of that side. England may well become the new vogue but between them the three hog much of the calendar. If political ties improve then, who knows, Pakistan may make it.

So trying to form an alliance outside the sphere of the BCCI makes unarguable sense, as much because both sides are uniquely-placed in this new order. Administratively, Pakistan are a joke and a mess, but not exactly a financial lightweight. The team, despite a continuing eccentricity, is still to be taken as one of the game’s stronger sides.

Because of their history, meanwhile, South Africa are a singular case, difficult to place among established geographical or cultural lines. Back in the mid-90s, when the subcontinent was emerging as a force, there was a distinct possibility that cricket would split along Asian and non-Asian lines in its governance. Tellingly at the time South Africa was happy to side with Asia.

Now it cannot be so simple, especially as they also have the world’s best Test side, which ordinarily, should make them a prize attraction for any other board. They are also still invested in the Champions League but the fallout from the spat with the BCCI means that is under threat now.

On the wrong side of the BCCI – as the PCB is too – and suddenly everything has changed. Right now, any support for Lorgat and CSA is a boon and Sethi’s words held precisely the broader message that was intended.

“It is a tight time frame,” he said, explaining why the series was agreed upon, “but it was a time for us to stand with CSA.” A time, in other words, to reach out for an ally, for an enemy of your enemy, to forge a friendship.

Not that Sethi or Lorgat, entangled within their own complications, are likely to be aware, but it represents a natural step for both boards. It is almost a consequence of history: well before their readmission, in the ’70s, the Pakistan board was among the strongest opponents of Apartheid and persistently prevented South Africa from being readmitted under Apartheid rule.

Though not particularly celebrated, or even remarkable, Pakistan and modern South Africa have actually maintained good, solid and tension-free ties over the years.

South Africa are one of the few sides Pakistan have maintained a regular schedule with (though 14 ODIs this year is a bit much) through a difficult, violence-scarred decade.

Since the start of 2000, they have played more international matches against only Sri Lanka (88 as opposed to 71 against South Africa). It is also difficult to imagine any other side – Asian or otherwise – staying on in Pakistan after a major terrorist bombing and playing out their commitments, as South Africa did in October 2007.

Not least of the benefits may be advice from Pakistan on how to cope with life without India. The PCB, after all, has now managed to survive over six years without playing India in a full series.

It is, the CSA might care to know, possible to do so.

osamiuddin@thenational.ae

AS IT STANDS IN POOL A

1. Japan - Played 3, Won 3, Points 14

2. Ireland - Played 3, Won 2, Lost 1, Points 11

3. Scotland - Played 2, Won 1, Lost 1, Points 5

Remaining fixtures

Scotland v Russia – Wednesday, 11.15am

Ireland v Samoa – Saturday, 2.45pm

Japan v Scotland – Sunday, 2.45pm

The Year Earth Changed

Directed by:Tom Beard

Narrated by: Sir David Attenborough

Stars: 4

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."

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.”

Farage on Muslim Brotherhood

Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.

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Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5