Danny Garcia and Errol Spence Jr during their WBC & IBF World Welterweight Championship fight at AT&T Stadium on December 05, 2020 in Arlington, Texas. AFP
Danny Garcia and Errol Spence Jr during their WBC & IBF World Welterweight Championship fight at AT&T Stadium on December 05, 2020 in Arlington, Texas. AFP
Danny Garcia and Errol Spence Jr during their WBC & IBF World Welterweight Championship fight at AT&T Stadium on December 05, 2020 in Arlington, Texas. AFP
Danny Garcia and Errol Spence Jr during their WBC & IBF World Welterweight Championship fight at AT&T Stadium on December 05, 2020 in Arlington, Texas. AFP

'The moment is surreal': Unbeaten Errol Spence returns from horrific crash to dominate Danny Garcia


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Errol Spence overpowered challenger Danny Garcia in his first fight since surviving a near-fatal rollover car accident to retain his World Boxing Council and International Boxing Federation welterweight titles on Saturday.

Spence, 30, put on a virtuoso performance winning almost every round in a 147-pound homecoming fight at AT&T Stadium in Dallas, Texas.

The undefeated American, who suffered serious injuries after being thrown from his car in the drunk-driving smash, won by unanimous decision, proving he is still the same boxer as before the accident in October 2019.

"The moment is surreal especially coming back from my accident year ago," Spence said. "Be patient with me. This was a comeback fight for me and I had to shake off some cobwebs."

After the fighters felt each other out during the first few rounds, Spence seized control in the middle rounds to win on all three scorecards by scores of 116-112, 116-112 and 117-111.

Spence improved to 27-0 with 21 knockouts while Garcia fell to 36-3, with 21 KOs.

Spence, a southpaw, monopolised Garcia with his jab and relentless pressure, not allowing the challenger to make use of his pre-fight game plan.

"He was breaking him down and taking the fight out of him. His jab is the key to everything," said Spence's trainer Derrick James.

Garcia had one of his best rounds in the second. They got into a heated exchange at the end of the round when Garcia hit Spence after the bell.

Spence hurt Garcia with a couple of punches in the third and by the fourth he was controlling the tempo.

"In training camp I knew I was going to be good. I am back," said Spence.

Garcia, 32, had been hoping to carry some momentum over from his previous two straight wins and become champion again for the first time since 2017.

"He was just a better man tonight. No excuses," said Garcia. "I fought a hard, tough fight. He had a good jab and that was the key to the fight."

Garcia, a counter-puncher, was too conservative to do any serious damage. He spent the majority of fight on the defensive, blocking combinations and stepping sideways to avoid any huge shots.

By the eighth round Garcia was retreating to the ropes desperately trying to land any punches while Spence just kept up the attack.

Garcia's corner told him to go for the big punch but he seemed preoccupied with trying to just stay on his feet and preserve his record of never having been knocked down in his career.

The Byblos iftar in numbers

29 or 30 days – the number of iftar services held during the holy month

50 staff members required to prepare an iftar

200 to 350 the number of people served iftar nightly

160 litres of the traditional Ramadan drink, jalab, is served in total

500 litres of soup is served during the holy month

200 kilograms of meat is used for various dishes

350 kilograms of onion is used in dishes

5 minutes – the average time that staff have to eat
 

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HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

Super 30

Produced: Sajid Nadiadwala and Phantom Productions
Directed: Vikas Bahl
Cast: Hrithik Roshan, Pankaj Tripathi, Aditya Srivastav, Mrinal Thakur
Rating: 3.5 /5

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

MATCH INFO

Everton 0

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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.”

Scores

New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs 

New Zealand win by 47 runs