Royal Challengers Bangalore fans show their support during an IPL match against Mumbai Indians.
Royal Challengers Bangalore fans show their support during an IPL match against Mumbai Indians.
Royal Challengers Bangalore fans show their support during an IPL match against Mumbai Indians.
Royal Challengers Bangalore fans show their support during an IPL match against Mumbai Indians.

The IPL: three not out despite some catches


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The controversy that has taken Indian Premier League cricket to the front pages of broadsheet and tabloid newspapers started with a tweet less than 140 characters long. Within days, it had claimed a junior government minister, Shashi Tharoor, once a high-ranking official with the United Nations, and set in motion a slew of investigations into financial impropriety, unpaid taxes and proxy ownership of franchises.

Given the properties that he presided over, the IPL and its wannabe big brother, the Champions League, it doesn't need a huge stretch of the imagination to say that a fortnight ago, Lalit Kumar Modi was the most powerful man in the world of cricket. His private Lear jet took him from match to match, and less than a fortnight into this year's competition, which has been a huge success on the field, there were bids for two new franchises that will swell the league to 10 teams in 2011.

There were more than a few raised eyebrows when Kochi in Kerala was chosen as one of the new venues and the Rendezvous Group consortium that won the bid shelled out an astonishing US$333 million (Dh1.22billion) - beating out Ahmedabad, which had seemed a shoo-in before the auction. A few days later, with questions being asked about the men and women behind the Kochi enterprise, Modi sent out the tweet that shook the IPL to its foundations. He couldn't possibly have imagined that a couple of throwaway lines could put at risk the empire that he had built up so assiduously.

Modi not only gave out the full list of investors, allegedly breaking confidentiality clauses in the process, but one of those he named as having free equity estimated at nearly $15 million was Sunanda Pushkar, a close friend of Tharoor. Ms Pushkar, who lives in Dubai, has since announced, through her lawyer, that she has voluntarily returned her stake in the team. "I was told by him [Tharoor] not to get into who owns Rendezvous," tweeted Modi. "Especially Sunanda Pushkar. Why? The same has been minuted in my records."

Amid the banner headlines and the irate sound-bites from the opposition, Tharoor maintained that the story had been cooked up by those whose bids had failed. But his resignation was forced after less than a year in office. With the door ajar, the Enforcement Directorate and the Income Tax Department entered the picture. The Board of Control for Cricket in India's offices were raided, as was Modi's office. Each of the franchises also received a visit from Mr Taxman, and there were allegations of kickbacks in the IPL's renegotiated TV deal with Sony Entertainment Television.

The stepdaughter of one of the franchise owners (Vijay Mallya of the Royal Challengers Bangalore) was caught trying to smuggle a laptop and documents out of Modi's office, and questions were raised about the shareholding patterns of the existing teams. Before the uproar, the 2010 IPL had been memorable for all the right reasons. There had been those who doubted whether the TV audience or those venturing to the grounds would match the 2008 season.

The move to South Africa a year later, necessitated by the clash with India's general election, had seen interest dip but when the tournament came home 10 months on, any lingering doubts about its sustainability were swept away. Apart from Mohali, traditionally hockey rather than cricket country, each of the 10 venues had more than 90 per cent attendance for the games, despite oppressive summer heat and humidity.

The TV ratings were good and thousands who couldn't make it to the stadiums went to movie halls and multiplexes for the big-screen experience. Across the world, many more logged in to Youtube for live coverage. The interest in the event was quite remarkable. Until MS Dhoni's mix-and-match side clinched the inaugural World T20 Trophy in 2007, beating P akistan in the final, there had been little interest in the format in India. All of a sudden, the country couldn't get enough of it.

The BCCI, with no great reputation as innovators, had steadfastly ignored the format until then. Now, with Subhash Chandra's Zee Telefilms putting together an Indian Cricket League (ICL), they sprung into action. Or rather, Modi did. His plans of a countrywide cricket league had been rejected by the board in the mid-1990s, but he had bided his time and worked his way into the portals of power. Now, with their fiefdom threatened, the powers that be gave him the green signal to put his plan in place.

After making use of his friendship with Vasundhara Raje, Rajasthan's chief minister, and then allying himself with Sharad Pawar in the battle for the control of Indian cricket, Modi was ready with his blueprint in early 2008. Eight franchises went under the auctioneer's hammer, with some of India's biggest business houses tussling for a slice of what they knew would be a generous pie. Reliance Industries bought the Mumbai team for $111.9m, while even the cheapest franchise, the Rajasthan Royals, cost the owners $67m. The World Sports Group (WSG) paid a mindboggling $918m for a decade's telecast rights, a figure dwarfed by the $1.63bn Sony Entertainment Television paid to buy those same rights fromWSG a year later.

The IPL has also revolutionised the money cricketers can make. At the first player auction in February 2008, Dhoni went to Chennai for $1.5m, and Andrew Symonds to the Deccan Chargers for $1.35m. Less than a year later, both Andrew Flintoff and Kevin Pietersen fetched even more money, going to Chennai and Bangalore respectively for $1.55m. Suddenly, cricketers, professional sport's poor cousins, were making millions.

And then came the cricket - and the IPL got the best possible start on the opening day of the first season as New Zealand's Brendon McCullum smashed 158 from just 73 balls in a hitting display that eclipsed the impressive show that had gone before. The story of that season, though, were the Royals, a group of less heralded names magnificently led by Shane Warne. The Royals' title defence floundered in South Africa a year later, with key players missing. Despite it being winter in South Africa, the matches still attracted healthy crowds, as did the celebrity razzmatazz surrounding the event.

Modi had cleverly roped in Francois Pienaar, now immortalised on celluloid in Invictus, as an ambassador for the league and the Out-to-Africa adventure was largely a resounding success. The dissenting voices started to be heard soon after, as India's defence of their World T20 crown ended in ignominious circumstances. Gary Kirsten, India's coach, was no IPL cheerleader when he reflected on the team's performance afterwards. "The IPL is a domestic competition, a club competition in many respects," he said. "Whilst you have international players in the team, you've got first-class cricketers making up the rest. We had a bunch of cricketers who arrived quite tired. We have had a demanding schedule and we never got ourselves to the required intensity for the standard and quality of the international game, which is higher than IPL. We weren't an energetic team."

There were also concerns over the impact the IPL's huge salaries had on young players. Even within the BCCI, there was a sense of unease. "One of the senior players called up after the Champions Trophy [India didn't make it past the first round in South Africa last September] said other players [youngsters] did not feel it [the loss as much as him]," said Ratnakar Shetty, the chief administrative officer in an interview.

"He said there was no feeling whether we won or not. There is no sadness [after losing]. You can see the change in attitude and focus which seems to have gone to things other than cricket. They are attracted by the different style of entertainment that is part of these events. This is worrisome. "Some of these youngsters have become very big. Some of them feel that playing in Ranji Trophy is not as important as playing in the IPL."

The die is already cast though. Flintoff's retirement from international cricket was a sign that even the top pros will contemplate the freelance route. Already, the world's best Twenty20 players, like Shahid Afridi and Kieron Pollard, are in demand wherever the game is played. Unlike a footballer who can sign a lucrative contract with just one club at a time, cricket's seasonal nature means that a player could theoretically play Australia's Big Bash in January, the IPL in March-April and England's Twenty20 Cup in June-July.

With the Royals arranging alliances with Hampshire and Trinidad & Tobago, a lucrative exhibition circuit, taking in places like the UAE, is also a distinct possibility. The IPL had already been thinking big. Before the tweets and controversy saw his wings clipped, Modi was talking of taking the league to North America, initially for a series of exhibition matches. The Champions League, now a fortnight-long tournament without a fixed structure, will surely evolve into something more substantial that resembles its footballing counterpart. It's enough to make the traditionalists quake in their boots, but as long as the fans turn up and the advertisers pump in money, there's little that they can do about what they perceive as dumbing down of the game.

Not everyone is a cynic either. One of the game's most respected players says that T20 cricket has done positive things for his game. "In this series, I stepped out and hit bowlers over the top," said Rahul Dravid recently. "It's not that I haven't done that in the past, but because of the T20 game, I'm forced to do that a lot more, and practise more, too. There's a confidence that creeps into your Test game which allows you to then express yourself a little more. You lose a bit of the fear of playing certain shots."

It's perhaps no coincidence that the Old Boys' Club, with the wealth of experience at its disposal, has thrived in the current IPL, with Sachin Tendulkar, Jacques Kallis and Sourav Ganguly at the top of the run charts. Anil Kumble, another who struggled initially with the format, was one of the most impressive bowlers on view. And almost every young player you meet talks of the benefits of being mentored by some of the legends of the game.

Next season, the IPL will feature a whopping 94 games. In high summer, not even Bionic Man would be able to play all 18 matches, and we're likely to see the sort of squad rotation that's now common in European football. Following the success of Kings XI Punjab's staging of games in Dharamsala and the Royals' move to Ahmedabad, more and more teams are likely to experiment with multiple home venues to widen the spectator net. As with the volcanic ash over northern Europe, the storm clouds that have overshadowed the IPL will soon drift away.

Indians love their cricket and are enamoured of its most abbreviated form. The best players in the world will continue to make the annual trek to the IPL. As Ross Taylor, the Royal Challenger from New Zealand, said after having his name chanted repeatedly by a crowd of nearly 50,000, "What's not to love?" Once the Kochi saga is sorted out and a more transparent financial structure is put in place for each franchise, the IPL can look ahead with renewed optimism.

With a little less hype and a lot more humility, the tournament that Modi liked to think of as the "greatest show on turf" will remain well worth watching. sports@thenational.ae

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SNAPSHOT

While Huawei did launch the first smartphone with a 50MP image sensor in its P40 series in 2020, Oppo in 2014 introduced the Find 7, which was capable of taking 50MP images: this was done using a combination of a 13MP sensor and software that resulted in shots seemingly taken from a 50MP camera.

Know your cyber adversaries

Cryptojacking: Compromises a device or network to mine cryptocurrencies without an organisation's knowledge.

Distributed denial-of-service: Floods systems, servers or networks with information, effectively blocking them.

Man-in-the-middle attack: Intercepts two-way communication to obtain information, spy on participants or alter the outcome.

Malware: Installs itself in a network when a user clicks on a compromised link or email attachment.

Phishing: Aims to secure personal information, such as passwords and credit card numbers.

Ransomware: Encrypts user data, denying access and demands a payment to decrypt it.

Spyware: Collects information without the user's knowledge, which is then passed on to bad actors.

Trojans: Create a backdoor into systems, which becomes a point of entry for an attack.

Viruses: Infect applications in a system and replicate themselves as they go, just like their biological counterparts.

Worms: Send copies of themselves to other users or contacts. They don't attack the system, but they overload it.

Zero-day exploit: Exploits a vulnerability in software before a fix is found.

Haemoglobin disorders explained

Thalassaemia is part of a family of genetic conditions affecting the blood known as haemoglobin disorders.

Haemoglobin is a substance in the red blood cells that carries oxygen and a lack of it triggers anemia, leaving patients very weak, short of breath and pale.

The most severe type of the condition is typically inherited when both parents are carriers. Those patients often require regular blood transfusions - about 450 of the UAE's 2,000 thalassaemia patients - though frequent transfusions can lead to too much iron in the body and heart and liver problems.

The condition mainly affects people of Mediterranean, South Asian, South-East Asian and Middle Eastern origin. Saudi Arabia recorded 45,892 cases of carriers between 2004 and 2014.

A World Health Organisation study estimated that globally there are at least 950,000 'new carrier couples' every year and annually there are 1.33 million at-risk pregnancies.

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.”

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Dubai Rugby Sevens

November 30, December 1-2
International Vets
Christina Noble Children’s Foundation fixtures

Thursday, November 30:

10.20am, Pitch 3, v 100 World Legends Project
1.20pm, Pitch 4, v Malta Marauders

Friday, December 1:

9am, Pitch 4, v SBA Pirates

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The schedule

December 5 - 23: Shooting competition, Al Dhafra Shooting Club

December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq

December 11 - 20: Dates competition, from 4pm

December 12 - 20: Sour milk competition

December 13: Falcon beauty competition

December 14 and 20: Saluki races

December 15: Arabian horse races, from 4pm

December 16 - 19: Falconry competition

December 18: Camel milk competition, from 7.30 - 9.30 am

December 20 and 21: Sheep beauty competition, from 10am

December 22: The best herd of 30 camels

UNSC Elections 2022-23

Seats open:

  • Two for Africa Group
  • One for Asia-Pacific Group (traditionally Arab state or Tunisia)
  • One for Latin America and Caribbean Group
  • One for Eastern Europe Group

Countries so far running: 

  • UAE
  • Albania 
  • Brazil 
Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

match info

Chelsea 2
Willian (13'), Ross Barkley (64')

Liverpool 0