• Liam Smith knocks down Chris Eubank Jr during their middleweight bout at the AO Arena, Manchester on January 21, 2023. PA
    Liam Smith knocks down Chris Eubank Jr during their middleweight bout at the AO Arena, Manchester on January 21, 2023. PA
  • Robert Smith, secretary general of the British Boxing Board of Control, orders Chris Eubank Jr back to the changing rooms. PA
    Robert Smith, secretary general of the British Boxing Board of Control, orders Chris Eubank Jr back to the changing rooms. PA
  • Chris Eubank Jr shakes hands with Liam Smith following their middleweight bout. PA
    Chris Eubank Jr shakes hands with Liam Smith following their middleweight bout. PA
  • Referee Victor Loughlin steps in to stop the fight. PA
    Referee Victor Loughlin steps in to stop the fight. PA
  • Chris Eubank Jr and Liam Smith in action during their fight. Reuters
    Chris Eubank Jr and Liam Smith in action during their fight. Reuters
  • Liam Smith celebrates after beating Chris Eubank Jr by stoppage. Reuters
    Liam Smith celebrates after beating Chris Eubank Jr by stoppage. Reuters
  • Chris Eubank Jr throws a punch at Liam Smith. Reuters
    Chris Eubank Jr throws a punch at Liam Smith. Reuters
  • Chris Eubank Jr lands an uppercut on Liam Smith during their middleweight bout. PA
    Chris Eubank Jr lands an uppercut on Liam Smith during their middleweight bout. PA
  • Chris Eubank Jr in action during the fight against Liam Smith. Reuters
    Chris Eubank Jr in action during the fight against Liam Smith. Reuters
  • Chris Eubank Jr throws a punch at Liam Smith during their fight. Reuters
    Chris Eubank Jr throws a punch at Liam Smith during their fight. Reuters
  • Liam Smith blocks a punch from Chris Eubank Jr during their middleweight bout. PA
    Liam Smith blocks a punch from Chris Eubank Jr during their middleweight bout. PA
  • Chris Eubank Jr in action during the fight against Liam Smith. Reuters
    Chris Eubank Jr in action during the fight against Liam Smith. Reuters

Liam Smith delivers Chris Eubank Jr first stoppage loss with fourth-round knockout


  • English
  • Arabic

Liam Smith said any rematch with Chris Eubank Jr will be "on my terms" after the former world champion produced a devastating fourth-round stoppage victory in Manchester on Saturday night.

Eubank Jr, the son of British boxing great Chris Eubank, was the pre-fight favourite for this middleweight bout at the Manchester Arena, and he looked to be gaining early control after dominating the third round. But Smith came flying out for the fourth and after a flurry of punches, had Eubank down on the canvas.

Eubank quickly rose to his feet but was visibly unsteady, and after referee Victor Loughlin allowed the fight to continue, Smith moved in to finish the contest and deliver his opponent his first stoppage defeat.

"This is the best atmosphere I have ever felt," said Smith, who was cheered on by the majority of the 18,000 capacity crowd. "I said all week that Chris was kidding people about his chin. I knew I could hurt him, I knew I was the bigger puncher and that’s a fact."

A rematch clause was inserted in the contracts for this fight, opening up the possibility for Eubank Jr to attempt to seek revenge, but Smith insisted he will dictate the terms of a second bout.

"If Chris wants the rematch we can do that on my terms," said Smith, who took his professional record to 33 wins, three defats and one no contest, having held the WBO world title at super-welterweight.

“I agreed to the rematch clause beforehand so we can see. I can beat all the best fights at 160lbs and 154lbs.”

For Eubank, the defeat compounds a challenging few months after his highly-anticipated bout with Conor Benn - the son of Eubank Sr's fierce rival Nigel - was cancelled the week of the fight after it was revealed Benn had failed a doping test.

"Big congratulations to him. He caught me with a great shot," said Eubank Jr, who has now lost three of his 35 professional fights.

"The build-up was the build-up, it got a bit ugly at the end. I regretted that. I respect you, I respect your family, I always have.

"If the fans want to see a rematch, we can get it on at Anfield. Big respect, man."

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%20Roundup
%3Cp%3EDirector%3A%20Lee%20Sang-yong%3Cbr%3EStars%3A%20Ma%20Dong-seok%2C%20Sukku%20Son%2C%20Choi%20Gwi-hwa%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Gulf Under 19s final

Dubai College A 50-12 Dubai College B

The%20specs%3A%202024%20Mercedes%20E200
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A
Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Masters%20of%20the%20Air
%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Cary%20Joji%20Fukunaga%2C%20Dee%20Rees%2C%20Anna%20Boden%2C%20Ryan%20Fleck%2C%20Tim%20Van%20Patten%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Austin%20Butler%2C%20Callum%20Turner%2C%20Anthony%20Boyle%2C%20Barry%20Keoghan%2C%20Sawyer%20Spielberg%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
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
Updated: January 22, 2023, 6:50 AM