When the first English Premier League standings were posted they showed Swansea City on top, then the 18 clubs who had not kicked off, and then Manchester United, losers in the season's first fixture, propping up the rest.
Before a ball had been kicked in earnest, United were bottom of another table, too – the transfer table.
It is a modern invention, an artificial way of judging clubs but, every now and again, such alternative ways of ranking clubs have a significance.
So it was when a list of the Premier League clubs’ signings showed United had made the fewest. Two, if you exclude the 17-year-old Serbian goalkeeper Vanja Milinkovic.
Luke Shaw and Ander Herrera arrived in June. Two months later and, even before Swansea highlighted his squad's shortcomings, Louis van Gaal had been hinting that reinforcements were needed.
United’s stellar pre-season results suggested that the Dutchman has been the signing of the season.
He may yet prove to be but, at age 63 and no matter how tactically astute, he is not a direct replacement for three departed senior defenders – especially when Shaw, the new left-back, is injured and the team’s formation requires an extra centre-back.
For some, the damning detail about United’s under-strength squad is that Van Gaal opted to hand out two debuts – Tyler Blackett in the middle of the defence and Jesse Lingard at right wing-back – while Reece James waited on the bench for his bow.
Neither newcomer was particularly culpable for the defeat. Instead, this was a reminder of the failings of more established players; Javier Hernandez and Nani, who have both regressed, and Chris Smalling, handed the pivotal role as the middle of the three centre-backs.
It is a position ideally suited to a defender who reads the game well and passes the ball intelligently. Smalling does neither. Perhaps the intention was for Mats Hummels or Thomas Vermaelen to play there.
But United are paralysed by their own ineffectiveness in the transfer market and if they represented Plans A and B, it appeared there was no Plan C.
Hence the sudden interest in Marcos Rojo, a World Cup finalist whose club career has been much less successful. It rather reeks of panic.
The reality is that there are few excuses for United’s inactivity. True, they are not in the Uefa Champions League, but neither were Manchester City when they signed Yaya Toure, David Silva, Edin Dzeko, Vincent Kompany and Carlos Tevez, to name but five.
They have discovered that some targets, such as Toni Kroos and Gareth Bale, have preferred to join more glamorous clubs – Real Madrid in their case – but, as many can testify, that can happen.
United still have enough allure that most footballers want to play for them, which makes the inertia all the more inexplicable.
They have money to spend; indeed it is the biggest budget in their history, but much of it remains unspent.
They have had time, too. They can claim the delay in their latest two managers taking office has been a hindrance, but that will not wash: David Moyes and Van Gaal were both confirmed by May and, if not physically at Old Trafford, were capable of communicating their wishes to the club’s power brokers.
The argument that each manager wanted to give every player he inherited a chance is not strictly true; both were keen to buy straight away.
While Moyes dithered for too long and Van Gaal is more decisive, frustration is a common denominator. Executive vice-chairman Ed Woodward and his negotiating team have to take some of the responsibility.
Since Sir Alex Ferguson retired, United have only bought four senior players. The first, Marouane Fellaini, has been a disaster. The second, Juan Mata, appeared one Moyes may not have wanted and struggled to accommodate.
Shaw and Herrera were footballers Moyes identified in his exhaustive scouting trail around Europe. Van Gaal gave the green light to both moves but, because others are struggling to seal deals, he has not stamped his mark on the squad. He has not been able to.
Instead, United are the subject of ever more rumours. They are in the position that City and Chelsea were once in, where many believe they are trying to buy everyone, only with the significant difference that they struggle to sign anyone.
For the second successive season, the end of the transfer window could be a desperate scramble to bring someone – anyone – in.
Once again, transfer-market failings threaten to get a manager’s reign off to a false start.
sports@thenational.ae
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RESULTS
1.30pm Handicap (PA) Dh 50,000 (Dirt) 1,400m
Winner AF Almomayaz, Hugo Lebouc (jockey), Ali Rashid Al Raihe (trainer)
2pm Handicap (TB) Dh 84,000 (D) 1,400m
Winner Karaginsky, Tadhg O’Shea, Satish Seemar.
2.30pm Maiden (TB) Dh 60,000 (D) 1,200m
Winner Sadeedd, Ryan Curatolo, Nicholas Bachalard.
3pm Conditions (TB) Dh 100,000 (D) 1,950m
Winner Blue Sovereign, Clement Lecoeuvre, Erwan Charpy.
3.30pm Handicap (TB) Dh 76,000 (D) 1,800m
Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.
4pm Maiden (TB) Dh 60,000 (D) 1,600m
Winner Bladesmith, Tadhg O’Shea, Satish Seemar.
4.30pm Handicap (TB) Dh 68,000 (D) 1,000m
Winner Shanaghai City, Fabrice Veron, Rashed Bouresly.
MATCH INFO
England 19 (Try: Tuilagi; Cons: Farrell; Pens: Ford (4)
New Zealand 7 (Try: Savea; Con: Mo'unga)
Director: Shady Ali
Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
Rating: 3/5
Stats at a glance:
Cost: 1.05 billion pounds (Dh 4.8 billion)
Number in service: 6
Complement 191 (space for up to 285)
Top speed: over 32 knots
Range: Over 7,000 nautical miles
Length 152.4 m
Displacement: 8,700 tonnes
Beam: 21.2 m
Draught: 7.4 m
Racecard:
2.30pm: Hamdan bin Rashid Al Maktoun Emirates Breeders Society Challenge; Conditions (PA); Dh40,000; 1,600m
3pm: Handicap; Dh80,000; 1,800m
3.30pm: Jebel Ali Mile Prep Rated Conditions; Dh110,000; 1,600m
4pm: Handicap; Dh95,000; 1,950m
4.30pm: Maiden; Dh65,000; 1,400m
5pm: Handicap; Dh85,000; 1,200m
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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
List of UAE medal winners
Gold
Faisal Al Ketbi (Open weight and 94kg)
Talib Al Kirbi (69kg)
Omar Al Fadhli (56kg)
Silver
Zayed Al Kaabi (94kg)
Khalfan Belhol (85kg)
Zayed Al Mansoori (62kg)
Mouza Al Shamsi (49kg women)
Bronze
Yahia Mansour Al Hammadi (Open and 94kg)
Saood Al Hammadi (77kg)
Said Al Mazroui (62kg)
Obaid Al Nuaimi (56kg)
Bashayer Al Matrooshi (62kg women)
Reem Abdulkareem (45kg women)
Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.
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OPINIONS ON PALESTINE & ISRAEL
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
Spider-Man: No Way Home
Director: Jon Watts
Stars: Tom Holland, Zendaya, Jacob Batalon
Rating:*****
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.”
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now