File photo of Sevilla's Antonio Puerta who died on 28 August, 2007, after suffering a heart attack.
File photo of Sevilla's Antonio Puerta who died on 28 August, 2007, after suffering a heart attack.

Spain is showing caution over deaths on football field



As Miguel Garcia recovers from the heart attack which almost killed him during a second-division football match in Spain, he can thank changes in the law following the death of another player for saving his life.

Garcia's collapse, during a game between his Salamanca side and Real Betis at the end of October, was the latest in a series of incidents that have shocked Spanish football fans.

Sevilla's Antonio Puerta died in hospital three days after collapsing during a Primera Liga match in 2007 and his death at the age of 22 sparked a new law that all first and second division clubs should keep defibrillators ready at their grounds.

Real Madrid's Ruben de la Red survived after collapsing during a Copa del Rey match in October 2008 and last month announced that he was heeding doctors' advice not to return to the game as a player, taking up a coaching job instead.

Espanyol's Dani Jarque died suddenly in his hotel room while on a pre-season tour in 2009 and Sevilla's Sergio Sanchez is trying to come back after surgery on a heart condition discovered by doctors in January.

The 31-year-old Garcia, however, will not return to the field after being told by doctors to give up playing.

Experts say the problem is not peculiar to Spain but the country's players' union (AFE) wants the rule on keeping defibrillators and a doctor standing by extended to lower-division clubs.

"They don't think there are more cases in Spain, it is just the high-profile nature of the league, but it is true there seem to have been a number of cases in quick succession," Jesus Diaz Peramos, the vice-president of the AFE, said.

"We are also talking about the third and fourth tiers of football. These cases don't grab the headlines in the same way but there have been seven or eight [collapses] this year."

Part of the proceeds of world champions Spain's next international friendly on March 9 will be spent on defibrillators and training courses. The AFE has been comparing notes with players' unions in other countries.

"We all need to look for solutions together," Diaz Peramos said. "It's difficult because the legislation is different in every country but football generates a lot of income so it isn't much to ask that some of this money can be channelled towards this issue. It would be money well spent."

Araceli Boraita, a cardiologist and a member of the government-run Sports Council (CSD), said other countries had similar problems.

"There aren't more cases in Spain than in other countries," Boraita said in a telephone interview.

"It's just that recently there have been more cases with a high media profile. They all end up in the news but it isn't the case that there are more of them here than in other European countries or in the rest of the world.

"The percentages are almost identical. There are around 20 per year which is very few out of a population of 48 million. All the studies made so far show that there is around one case per 200,000 to 300,000 young sports people under the age of 35. "The cases of Puerta, Jarque, Garcia and De la Red all had different pathologies," Boraita added.

"They all started with heart arrhythmias [irregular heartbeats]which caused a cardio respiratory halt, but that is where the similarity ends. The causes have all been different."

Since the Puerta case, Spain has extended rules on obligatory fitness tests for sports competitors to football and basketball.

The government was seeking to extend those tests soon to include those competing at regional and national levels and by 2020 to all casual sports enthusiasts, such as gym users, Boraita said.

Steve Finnan, the former Republic of Ireland international, who played for Espanyol in the 2008/09 season, alongside Jarque and Sanchez, said he had found training in Spain similar to his experience in England, where he played for Fulham, Liverpool and Portsmouth.

"I can't say I saw anything different. I had one year in Spain. In England I played under Spanish managers, French managers and the training was quite similar," Finnan said in a telephone interview.

"When I signed for Espanyol it was quite a solid test, probably one of the most solid that I've had in my career. Maybe that was because of my age. I wouldn't say we worked a lot harder or that it was more stressful on your body.

"[Jarque and Sanchez] were young and fit. I can remember they were two of the fittest players in the squad. It just goes to show, no matter how fit you are, it could happen to anyone. It might just be one of those unfortunate coincidences."

* Reuters

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Laura Shapiro
Fourth Estate

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“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

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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Stars: Basel Adra, Yuval Abraham

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