Milwaukee Bucks forward Giannis Antetokounmpo holds with the championship trophy after defeating the Phoenix Suns.
Milwaukee Bucks forward Giannis Antetokounmpo holds with the championship trophy after defeating the Phoenix Suns.
Milwaukee Bucks forward Giannis Antetokounmpo holds with the championship trophy after defeating the Phoenix Suns.
Milwaukee Bucks forward Giannis Antetokounmpo holds with the championship trophy after defeating the Phoenix Suns.

Giannis Antetokounmpo’s Milwaukee Bucks defeat Phoenix Suns to win NBA championship


  • English
  • Arabic

Giannis Antetokounmpo has led the Milwaukee Bucks to their first NBA championship in 50 years with a 105-98 victory over the Phoenix Suns.

The Bucks lost the first two of their best-of-seven series but took the next four games to seal the title in front of their own fans on Tuesday.

Two-time MVP Antetokounmpo scored 50 points and posted 14 rebounds to lead the Bucks to their second championship, following their victory in 1971.

The achievement saw the Greek 26-year-old become just the seventh player to score 50 points in an NBA finals game.

Antetokounmpo also had five crucial blocks in the game played in front of 17,000 fans at Fiserv Forum, while Chris Paul top scored for the Suns with 26 points.

The Bucks needed every one of their star forward’s points after the Suns came back from an early deficit to lead 49-42 at halftime.

Antetokounmpo went hard in the second half, scoring 32 points and going 16-for-17 from the foul line as he continually charged at the rim en route to victory.

"I'm so blessed to work with Giannis every day," Bucks head coach Mike Budenholzer said during an on-court interview.

"He's a special human being, he's an even more amazing human being than he is a player. I've learned so much from him and his leadership."

Phoenix overcame a slow start to the game and led by as many as seven points early in the third quarter but could not contain Antetokounmpo down the stretch.

Suns guard Chris Paul had a team-high 26 points.

For Phoenix, who were seeking their first championship in the team's 53-year existence, the defeat marked the first time all season they have lost four consecutive games.

Unlike last year's NBA Finals when the celebratory screams of the Los Angeles Lakers echoed across an arena void of fans due to the Covid-19 pandemic, the Bucks' win kicked off a wild party for both a capacity crowd of 17,000 inside and the 65,000 supporters who attended a watch party outside the arena.

Shaky start

Both teams got off to a shaky start that saw poor shooting on both ends of the court and plenty of turnovers but Milwaukee, powered by Antetokounmpo, led 29-16 after the first quarter.

Phoenix, facing elimination for the first time in the 2021 playoffs, shook off their lowest-scoring first quarter of the postseason as they turned up the defense while Chris Paul led the offense as the Suns took a 47-42 lead into the half.

The Suns opened up a seven-point lead early in the third quarter but the Bucks responded with a 16-6 run that put them back in front. From there the teams went back and forth and took a 77-77 tied into the final quarter.

But Milwaukee never trailed the rest of the way and it was Antetokounmpo who took over on the offensive end to deny the Suns' a chance to host a decisive seventh game.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3C%2Fstrong%3E%3A%20ASI%20(formerly%20DigestAI)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Quddus%20Pativada%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Artificial%20intelligence%2C%20education%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%243%20million-plus%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20GSV%20Ventures%2C%20Character%2C%20Mark%20Cuban%3C%2Fp%3E%0A

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.”

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

The specs: 2018 Kia Picanto

Price: From Dh39,500

Engine: 1.2L inline four-cylinder

Transmission: Four-speed auto

Power: 86hp @ 6,000rpm

Torque: 122Nm @ 4,000rpm

Fuel economy, combined: 6.0L / 100km

SCORES IN BRIEF

New Zealand 153 and 56 for 1 in 22.4 overs at close
Pakistan 227
(Babar 62, Asad 43, Boult 4-54, De Grandhomme 2-30, Patel 2-64)

COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

MATCH INFO

Uefa Champions League, Group C
Liverpool v Red Star Belgrade
Anfield, Liverpool
Wednesday, 11pm (UAE)

Updated: July 21, 2021, 4:51 AM