Sven Goran Eriksson and Carlos Queiroz, right, have had similar experiences.
Sven Goran Eriksson and Carlos Queiroz, right, have had similar experiences.
Sven Goran Eriksson and Carlos Queiroz, right, have had similar experiences.
Sven Goran Eriksson and Carlos Queiroz, right, have had similar experiences.

Portugal feeling the pressure to perform


Ian Hawkey
  • English
  • Arabic

Carlos Queiroz, the Portugal coach, can scarcely have felt more at home since he arrived in South Africa. Around Johannesburg, Portuguese flags are more numerous than any except those of the host nation. Cars cruise the northern and eastern suburbs painted in the green, red and elaborate shield of a country their owners still think of as home. Several hundred thousand South Africans with Portuguese roots live here. They have made it plain who they will be supporting.

In contrast, Sven-Goran Eriksson, the Ivory Coast coach, can hardly have felt more alien in his new environment. Where Queiroz is coaching a country he first took charge of nearly 20 years ago, Eriksson, a Swede, was the last coach to be appointed for this tournament. He has spent only a matter of days in West Africa familiarising himself with a country, Ivory Coast, he had never before visited.

For all that, these two are bound by common threads. Queiroz was born in Africa - in Mozambique - and set off north as an unknown aspiring coach to embark on a career that has taken in two spells in charge of Portugal, stints in the Middle East, in South Africa, the USA, as a respected No 2 at Manchester United, and as the head coach at Real Madrid. Eriksson, from northern Sweden, moved south with no great playing record to recommend him, and found success in Gothenburg and then across Italy's Serie A with Roma, Fiorentina, Sampdoria and Lazio.

Now in his 60s, he is the expensive manager-for-hire who took England to successive quarter-finals in World Cups and flopped while with Mexico. But he still had enough glitter on his record to persuade the Ivorian federation to stretch its budget enough to entrust him with this World Cup. These voyagers, inevitably, have crossed paths. Eriksson's success with Benfica in the early 1990s - he reached a European Cup final with the Lisbon club - persuaded their arch-rivals, Sporting, they needed a change to keep up. They appointed Queiroz to challenge the legacy Eriksson had left on the red side of Portugal's capital. Another decade, another derby: Eriksson was in charge of Manchester City for a season while Queiroz was at United.

In the whirligig world of the expatriate international manager, they have had some similar experiences, too. Eriksson will watch Mexico at this tournament with bitter-sweet emotions. He was in charge of their early qualifiers. Queiroz, meanwhile, looks at the South African team with a sense of unfinished business. He was the last man to guide South Africa, in 2002, through a successful World Cup qualifying phase. He was sacked before the final tournament, an episode that scarred him.

Through these ups and downs, a manager develops a thick skin. Both Queiroz and Eriksson have an urbane, studious air, a certain degree of personal vanity, and with that the suspicion that their apparent coolness comes at the cost of passion. When England under Eriksson were losing their way in the 2002 World Cup quarter-final against Brazil, one player bemoaned that when they wanted from the manager "a bit of Winston Churchill" they instead got "Ian Duncan Smith", an uncharismatic British politician of the time.

One international player who worked under Queiroz once described him as "too much of a clipboard man", too theoretical, not a man to pump the adrenalin. The danger today is that conservatism governs, so powerful is the fear of defeat. The stakes look so high in a Group G that also includes Brazil, the favourites, and North Korea, that Portugal versus Ivory Coast assumes the character of a knockout tie, a play-off for second place behind the Brazilians.

If so, Queiroz appears in the preferable position. His team play Brazil last, when the South Americans may already be well set to top the group. His team have the fit superstar, Cristiano Ronaldo, while Eriksson must decide how far to gamble on his unfit superstar, Didier Drogba, who 11 days ago had surgery on a broken elbow. As for the division of support in Nelson Mandela Bay, it will be intriguing.

Many of the continent's best hopes are invested in Eriksson's talented group of Ivorians, and most Africans are drawn to them for that. But in South Africa are all those Portuguese-Africans, people who recognise Queiroz as one of their own.

@Email:sports@thenational.ae

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

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.”

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
Related
THE%C2%A0SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.4-litre%20four-cylinder%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20210hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starting%20from%20Dh89%2C900%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A