Pupils not in same class as Belichick


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It is not easy to follow in the footsteps of Bill Belichick. Just ask those who have tried to do it. Romeo Crennel, Belichick's defensive coordinator during his three Super Bowl wins with New England, went to Cleveland, never won a title and was fired last year after five seasons as the head coach. Charlie Weis, New England's self-proclaimed offensive genius, went to Notre Dame assuring his players they would have "a decided schematic advantage'' over opponents. After two good years led mostly by players he inherited from Tyrone Willingham, Weis has gone 10-15 the last two seasons and was nearly fired last year.

Eric Mangini, who began with Belichick as a ballboy only to go on and ultimately replace Crennel as Belichick's defensive coordinator, went on to take over the New York Jets and was fired last winter after three lacklustre seasons. He is now in Cleveland running a Browns team that looks more inept than the Jets he left behind. With that as background we come to this year's versions of the Denver Broncos and Kansas City Chiefs, who are both being run by two more former Belichick acolytes, ex-offensive coordinator Josh McDaniels and former personnel head Scott Pioli. It is early but so far both seem to be following the same, sad pattern as their predecessors.

McDaniels is the 33-year-old head coach of the Broncos, a man who recently reminded a Denver sports columnist that he had never had a losing football season. The columnist reminded him there is a first time for everything. In his short time in Denver, McDaniels has got into a fight with his 26-year-old Pro Bowl quarterback, Jay Cutler, and rather than soothe the situation he traded him away to Chicago for a journeyman, Kyle Orton, who is already hurt and did not lead the Broncos to a single touchdown in three pre-season games. McDaniels later told an ESPN reporter: "Tom Brady, Jay Cutler, Matt Cassel, Kyle Orton, it really doesn't matter who the quarterback is.'' If McDaniels really believes that this season may be his first losing one but it will not be his last.

McDaniels then got into a beef with his best receiver, Brandon Marshall, and was forced to suspend him for the remainder of the pre-season when Marshall made a fool of himself during a mid-week practice, refusing to catch passes and batting balls away rather than catching them. Marshall now is demanding a trade as Cutler did but McDaniels says he will not do it, despite rumours they have already put a high price tag on his head.

This might not be so alarming were it not for the fact the defence McDaniels' inherited is one of the worst in the NFL. Offence was supposed to be the Broncos' strong point because they had the most important part already in place, a top-flight quarterback. Now he is gone and so is much of Denver's offence. As for Kansas City, Pioli arrived as their general manager after running the Patriots' personnel department and immediately had a draft panned by the public, signed former Patriots' back-up quarterback Matt Cassel to a US$63 million (Dh231m) contract only to see him sprain his knee last weekend after playing poorly.

Pioli also fired the team's offensive coordinator 10 days before the season begins after the Chiefs' offence scored only two touchdowns in the first three pre-season games. Time will tell how things work out, but they look grim in both places and equally forlorn for Mangini in Cleveland. Which, when coupled with what already happened to Crennel and Weis, makes you wonder if Belichick is even more of a genius than anyone realised.

rborges@thenational.ae

Dust and sand storms compared

Sand storm

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  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

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  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
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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.”

Directed: Smeep Kang
Produced: Soham Rockstar Entertainment; SKE Production
Cast: Rishi Kapoor, Jimmy Sheirgill, Sunny Singh, Omkar Kapoor, Rajesh Sharma
Rating: Two out of five stars 

If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50

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GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

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5pm: Maiden (PA) Dh80,000 1,400m
5.30pm: Maiden (PA) Dh80,000 1,200m
6pm: Arabian Triple Crown Round-1 (PA) Listed Dh230,000 1,600m
6.30pm: HH The President’s Cup (PA) Group 1 Dh2.5million 2,200m
7pm: HH The President’s Cup (TB) Listed Dh380,000 1,400m
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What is the Supreme Petroleum Council?

The Abu Dhabi Supreme Petroleum Council was established in 1988 and is the highest governing body in Abu Dhabi’s oil and gas industry. The council formulates, oversees and executes the emirate’s petroleum-related policies. It also approves the allocation of capital spending across state-owned Adnoc’s upstream, downstream and midstream operations and functions as the company’s board of directors. The SPC’s mandate is also required for auctioning oil and gas concessions in Abu Dhabi and for awarding blocks to international oil companies. The council is chaired by Sheikh Khalifa, the President and Ruler of Abu Dhabi while Sheikh Mohamed bin Zayed, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces, is the vice chairman.

Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

MATCH INFO

Uefa Champions League quarter-final second leg:

Juventus 1 Ajax 2

Ajax advance 3-2 on aggregate

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

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