Khamzat Chimaev of Chechnya celebrates after his knockout victory over Gerald Meerschaert in Las Vegas. Zuffa LLC
Khamzat Chimaev of Chechnya celebrates after his knockout victory over Gerald Meerschaert in Las Vegas. Zuffa LLC
Khamzat Chimaev of Chechnya celebrates after his knockout victory over Gerald Meerschaert in Las Vegas. Zuffa LLC
Khamzat Chimaev of Chechnya celebrates after his knockout victory over Gerald Meerschaert in Las Vegas. Zuffa LLC

UFC star Khamzat Chimaev withdraws from Leon Edwards bout in Abu Dhabi - reports


John McAuley
  • English
  • Arabic

Khamzat Chimaev has reportedly been forced to withdraw from next month’s eagerly anticipated bout against Leon Edwards in Abu Dhabi.

The Chechen-born fighter, for many the UFC's breakout star of 2020, was on Tuesday reported to be out of the January 20 clash, which was to headline the middle of three events at the upcoming Fight Island.

The news was first reported by Swedish outlet FrontKickOnline – Chimaev is based in Sweden – while a person close to the situation later told The National that the UFC are seeking a replacement to face Edwards.

As of yet, there has been no official confirmation of Chimaev’s withdrawal or what caused it.

It marks the second time a fight between the pair has been called off, after Edwards withdrew from their December 19 encounter having tested positive Covid-19. The Englishman, the No 3-ranked contender at welterweight, has not fought since July last year.

Edwards-Chimaev was last week announced as the main event at Fight Night 2 on the UFC's third Fight Island series in Abu Dhabi.

The run begins on January 16, with Max Holloway headlining against Calvin Kattar, and concludes with Conor McGregor’s comeback against Dustin Poirier at UFC 257. The latter is a rematch of their 2014 bout, in which McGregor, a former two-division champion, won by first-round TKO.

The loss of Edwards against Chimaev represents a major blow for the UFC and local organisers.

Unbeaten in nine pro fights, Chimaev was one of the highlights of the inaugural Fight Island in July, in which he competed twice in 10 days – the first his UFC debut – to set a record for fastest consecutive wins in the promotion.

Chimaev secured a second-round, submission victory against veteran John Phillips, with the bout taking place at middleweight, then returned at welterweight to ease to a first-round TKO of Northern Ireland’s Rhys McKee.

In September, Chimaev made his United States bow, and needed only 17 seconds to see off Gerald Meerschaert by knockout in Las Vegas. The manner of his victories – each one earned “Performance of the Night” bonuses – lifted Chimaev into the welterweight rankings. At present, he is the No 15 challenger.

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Gallery: Khabib beats Gaethje at UFC 254

  • UFC 254 GALLERY: Dagestan fighter Khabib Nurmagomedov celebrates his victory over Justin Gaethje of the US after their lightweight title bout on UFC Fight Island in Abu Dhabi. Getty
    UFC 254 GALLERY: Dagestan fighter Khabib Nurmagomedov celebrates his victory over Justin Gaethje of the US after their lightweight title bout on UFC Fight Island in Abu Dhabi. Getty
  • Khabib Nurmagomedov celebrates his victory over Justin Gaethje. Getty
    Khabib Nurmagomedov celebrates his victory over Justin Gaethje. Getty
  • Khabib Nurmagomedov clinches his victory over Justin Gaethje via a second-round triangle choke at Flash Forum. Getty
    Khabib Nurmagomedov clinches his victory over Justin Gaethje via a second-round triangle choke at Flash Forum. Getty
  • Khabib Nurmagomedov takes down Justin Gaethje. Getty
    Khabib Nurmagomedov takes down Justin Gaethje. Getty
  • Justin Gaethje kicks Khabib Nurmagomedov. Getty
    Justin Gaethje kicks Khabib Nurmagomedov. Getty
  • Khabib Nurmagomedov punches Justin Gaethje. Getty
    Khabib Nurmagomedov punches Justin Gaethje. Getty
  • Khabib Nurmagomedov after his victory. Getty
    Khabib Nurmagomedov after his victory. Getty
  • Australian fighter Robert Whittaker lands a punch during his victory over Jared Cannonier of the US in their middleweight bout. Getty
    Australian fighter Robert Whittaker lands a punch during his victory over Jared Cannonier of the US in their middleweight bout. Getty
  • Robert Whittaker after the fight against Jared Cannonier. Getty
    Robert Whittaker after the fight against Jared Cannonier. Getty
  • Jared Cannonier punches Robert Whittaker. Getty
    Jared Cannonier punches Robert Whittaker. Getty
  • Robert Whittaker punches Jared Cannonier. Getty
    Robert Whittaker punches Jared Cannonier. Getty
  • Dagestan's Magomed Ankalaev celebrates his KO victory over Ion Cutelaba of Moldova in their light heavyweight bout on UFC's Fight Island, in Abu Dhabi. Getty
    Dagestan's Magomed Ankalaev celebrates his KO victory over Ion Cutelaba of Moldova in their light heavyweight bout on UFC's Fight Island, in Abu Dhabi. Getty
  • Magomed Ankalaev knocks down Ion Cutelaba. Getty
    Magomed Ankalaev knocks down Ion Cutelaba. Getty
  • Magomed Ankalaev punches Ion Cutelaba. Getty
    Magomed Ankalaev punches Ion Cutelaba. Getty
  • Russian fighter Alexander Volkov celebrates his victory over Walt Harris of the US after their heavyweight bout. Getty
    Russian fighter Alexander Volkov celebrates his victory over Walt Harris of the US after their heavyweight bout. Getty
  • Alexander Volkov punches Walt Harris. Getty
    Alexander Volkov punches Walt Harris. Getty
  • Walt Harris punches Alexander Volkov. Getty
    Walt Harris punches Alexander Volkov. Getty
  • US fighter Lauren Murphy celebrates her victory over Liliya Shakirova of Uzbekistan after their women's flyweight bout. Getty
    US fighter Lauren Murphy celebrates her victory over Liliya Shakirova of Uzbekistan after their women's flyweight bout. Getty
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    Lauren Murphy punches Liliya Shakirova. Getty
  • Liliya Shakirova and Lauren Murphy during their bout. Getty
    Liliya Shakirova and Lauren Murphy during their bout. Getty
  • US fighter Phillip Hawes lands a punch during his 18-second victory over Jacob Malkoun of Australia in their middleweight bout. Getty
    US fighter Phillip Hawes lands a punch during his 18-second victory over Jacob Malkoun of Australia in their middleweight bout. Getty
  • Phillip Hawes punches Jacob Malkoun. Getty
    Phillip Hawes punches Jacob Malkoun. Getty
  • Phillip Hawes celebrates his KO victory over Jacob Malkoun. Getty
    Phillip Hawes celebrates his KO victory over Jacob Malkoun. Getty
  • Phillip Hawes celebrates his KO victory over Jacob Malkoun. Getty
    Phillip Hawes celebrates his KO victory over Jacob Malkoun. Getty
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    Kazakhstan's Shavkat Rakhmonov on his way to victory over Alex Oliveira of Brazil in their welterweight bout. Getty
  • Alex Oliveira lands a kick on Shavkat Rakhmonov. Getty
    Alex Oliveira lands a kick on Shavkat Rakhmonov. Getty
  • American fighter Casey Kenney lands a punch and his way to victory over Nathaniel Wood of England in their catchweight bout. Getty
    American fighter Casey Kenney lands a punch and his way to victory over Nathaniel Wood of England in their catchweight bout. Getty
  • Nathaniel Wood punches Casey Kenney. Getty
    Nathaniel Wood punches Casey Kenney. Getty
  • Australian Tai Tuivasa lands a punch on Stefan Struve of the Netherlands on his way to victory in their heavyweight bout. Getty
    Australian Tai Tuivasa lands a punch on Stefan Struve of the Netherlands on his way to victory in their heavyweight bout. Getty
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    Stefan Struve lands a kick on Tai Tuivasa. Getty
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Engine: 3.6-litre V6

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Power: 285hp @ 6,400rpm

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Director: Sam Raimi

 

Cast: Benedict Cumberbatch, Elizabeth Olsen, Chiwetel Ejiofor, Benedict Wong, Xochitl Gomez, Michael Stuhlbarg and Rachel McAdams

 

Rating: 3/5

 
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Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

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Price: From Dh117,059

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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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Transmission: ten-speed

Power: 420bhp

Torque: 624Nm

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