Juventus are confident their star midfielders Andrea Pirlo and Paul Pogba will sign contract extensions with the club.
Both players have attracted the attention of leading European clubs and have been strongly linked with a move away from Turin next season.
Juventus general director Giuseppe Marotta is not letting that speculation concern him, and he remains optimistic about the duo staying with the Italian Serie A champions.
“There are no new developments regarding Pirlo and Pogba’s contract extensions,” Marotta told Gazzetta dello Sport. “I don’t think these deals will be completed before Christmas.
“However, we are calm. The two players consider Juve their natural habitat.
“Our squad is world-class, and it is difficult to find any other team better than ours.”
Italian World Cup winner Pirlo, 34, becomes a free agent next summer and is a reported target of Real Madrid.
France international Pogba, 20, is under contract with Juve until June 2016, but is expected to sign an improved deal with the Turin outfit.
Pogba, who has been linked with a move to Paris Saint-Germain, scored five goals in 27 league appearances to help Juve win the Serie A title last season.
Sassuolo
Sassuolo defender Francesco Acerbi denied he is guilty of doping and demanded the Italian media grant him respect after confirming that he failed a drug test.
Acerbi was provisionally suspended last week by an Italian anti-doping agency after he failed a test for high levels of the human chorionic gonadotropin (HCG) following his team’s Serie A victory against Cagliari on December 1.
The Italian, 25, who underwent an operation for testicular cancer in July, told Italian TV Italia Uno: “I have never taken any illegal substance and it’s painful to be accused of that.
“I understand that the press has a job to do, but these accusations have been very annoying, not so much for me but my loved ones.”
Sassuolo confirmed Acerbi was not undergoing any treatment and, therefore, had not requested any special dispensation for the former AC Milan and Chievo player. High levels of HCG can be produced by a cancerous tumour.
“The high-level hormone can be a consequence of many things,” Acerbi said.
“I will have some tests done. You cannot point the finger at someone without knowing the situation. I demand respect for my health and for my family.
“I’ve had doping tests done before the game against Cagliari and had I taken something, I would have already tested positive before that.
“Those that have branded me as a cheat have disgraced me, my club and my doctors.”
Ascoli
Former Serie A club Ascoli were declared bankrupt by an Italian court yesterday. Attempts to save the 115-year-old club from financial ruin were unsuccessful.
“Ascoli’s bankruptcy was inevitable,” judge Raffaele Agostini said in the courtroom.“I am a judge, but also a great fan of Ascoli, but unfortunately, we have to respect the law.
“There was no possibility of postponing the ruling, because there are demands that have to be taken care of immediately.”
Ascoli competed 16 seasons in Serie A since 1974, the last in 2006/07 before being demoted and falling into financial trouble.
The club is playing in the third-tier Lega Pro Prima Division.
Inter Milan
Inter Milan will face the partial closure of the San Siro in Sunday’s city derby against AC Milan.
Inter will have the north section of their stadium closed for two games – against Milan and Chievo – as punishment for repeated racial incidents among fans.
Inter fans were found guilty of abusive chants directed at Napoli supporters during Inter’s 4-2 loss in Naples on Sunday.
They have also been fined €50,000 (Dh252,784).
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Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
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.”