When it came to being a part of one of the biggest sporting projects, Malcolm Thorpe just had to be involved.
Football, rugby, cricket, hockey, tennis and golf. This is what life is all about for Thorpe as he helps shape the future of sport in the UAE with the US$3billion (Dh11bn) Dubai Sports City project.
Thorpe, 43, is someone who has been involved in multi-million pound deals and contracts with a host of sporting stars and companies. He was a lawyer with the world-famous IMG group, which represents top stars like Tiger Woods and Roger Federer.
"I went to public school and then university, but had no idea what I wanted to do so I became a lawyer and left my options open," said the Englishman.
"I worked in London and then a colleague went to IMG and joined their legal department. I joined later and worked on contracts in Europe and Asia. I wrote the representation agreement for Martina Hingis when she was 12.
"I worked on the Littlewoods deal when it was the title sponsor for the English FA Cup for the first time. That was a big event and gave me a lot of satisfaction as the cup has so much history."
Dubai's transformation has also amazed him as he revealed: "When I came to Dubai before, I never saw much sport. It was always airport, taxi hotel, meetings and same on the way back.
"I got a feel of the city before, but nothing like it is now. I had been in Hong Kong for seven-eight years and needed a change. This is a fresh start and I got excited about the opportunity; to have a legacy of creating one-off events, structure and create facilities from the bottom.
"There is nothing like this anywhere in the sports world and it's an amazing opportunity to be part of that. It is a little scary, doing it all on the scale that we are, and in the time that we want to do it.
"I am excited and some of my old colleagues are a bit jealous!"
So what is Thorpe's own vision for Dubai Sports City, what will get him excited?
"My dream would be to see England's football team take on Brazil at a packed Dubai Sports City for an international match," he smiled. "It will prove we are on the right track.
"We know there are other venues and sports clubs; there are other facilities, other soccer schools, but we have to make sure ours are the best available.
"We know our stadiums won't be packed every day, all year round. That's unrealistic, but we want to provide things that people have not had yet and as the city develops and continues to develop then we could benefit from that.
'The indoor arena will probably be the busiest, but we hope we have something that people in Dubai will be proud of and we can all share in its success. What is important is that this is a long-term project.
"The reality is we are only just now getting started. With stadiums being built, we can start making specific plans and having real discussions about what events we might be able to stage, whether it is a cricket or football tournament or the Olympics. It is hard work and things take time, but it is fascinating living here. It is probably the most fascinating city in the world.
"We will have the facilities and it is just a question of how best to use them," he said. "We have had discussions with the Dubai Management Event Company and hopefully we can work together to achieve the same ambition of making this city a major sports venue and base.
"We have had discussions with Super 14 teams about pre-season training bases, but also the idea of a Super 14 team franchise based out of Dubai.
"There is also every likelihood of a Dubai franchise in the Indian Premier League. Would we be the sole investor? Probably not. Would there be potential partners? Absolutely.
"It has been said the IPL does not want to expand or look at non-Indian franchises just yet, but you just never know. It has been a success and we are in touch with [the IPL commissioner] Lalit Modi about it.
"The NBA are already looking to expand into Europe and it is not yet clear whether that will mean expansion teams or new ones and where they are based.
"The NBA are also looking at the Middle East region and it is only a matter of time before they make inroads.
"Ice hockey is another possibility and we have been looking at the idea of East European teams taking part here.
"The NHL could be another future option."
@Email:akhan@thenational.ae
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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Marathon results
Men:
1. Titus Ekiru(KEN) 2:06:13
2. Alphonce Simbu(TAN) 2:07:50
3. Reuben Kipyego(KEN) 2:08:25
4. Abel Kirui(KEN) 2:08:46
5. Felix Kemutai(KEN) 2:10:48
Women:
1. Judith Korir(KEN) 2:22:30
2. Eunice Chumba(BHR) 2:26:01
3. Immaculate Chemutai(UGA) 2:28:30
4. Abebech Bekele(ETH) 2:29:43
5. Aleksandra Morozova(RUS) 2:33:01
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450,000
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Torque: 400Nm from 1,800-4,500rpm
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