The English Premier League is hugely popular globally, none more so than in Asia.
Manchester United led the English assault on the Asian market, investing much of their pre-season energy in travelling round Asia seven times since 1995.
While many talked up the millions of United's eastern converts, their direct financial value was limited, accounting for less than one per cent of the club's turnover.
United recognise the importance of performing live in the new markets they court, but the suffocating fan hysteria of the Asian tours made them unpopular with players and left management concerned about the physical condition of their prime assets after extensive flights and debilitating games in soaring temperatures. Playing against the likes of a Singapore XI is hardly the sternest of pre-season tests either.
Rampant counterfeiting and lower-wage economies affected United's ability to replicate the merchandise success they had achieved in the UK. Why would a Thai fan of the Manchester club buy an official shirt for £50 (Dh282) when they could pick up a convincing replica (of a replica) for £5?
United now go to the wealthier Asian countries like Japan, and South Korea, picking up lucrative match fees and regularly playing to crowds of 60,000. Second or third-string United teams, with one or two star names, are dispatched to traditional pre-season grounds like Ireland, Wales or provincial England to appease the locals.
United have found much competition in Asia, not least the Spanish giants Real Madrid and Barcelona. Real purchased David Beckham to crack the Asian market and it initially paid off. In 2004, Madrid signed contracts worth US$2 million (Dh7.3m) a game while United were charging about $500,000 less. The Spaniards attracted bigger crowds but did themselves no favours. Two promoters went bankrupt after the public turned against weakened, posturing and seemingly uninterested Real teams in which Beckham barely appeared.
A series of critical editorials in the Beijing media suggested that local fans of European football were becoming more discerning about attending live pre-season games, claiming over-saturation. Beijing's 70,000-capacity Workers Stadium was just over a third full when United played there in 2005. When United had last been in China in 1999, 78,000 paid to see them in Shanghai.
The lessons were not lost on United. The Old Trafford club now send their strongest teams, but the climate is still mixed. A Mandarin-language version of the club's magazine flopped and television audiences plummeted in China when the Premier League was switched to a little-known pay-per-view channel.
More than 300 million Chinese fans watched Manchester City v Everton on CCTV public television in 2003, the match's appeal largely explained by the presence of a Chinese player on both sides. Now less than one per cent of that audience can see Premier League football and audiences have dropped to as low as 30,000 in a country of 1.3 billion people.
And the problem remains for the league and the clubs: how to turn such potentially vast support into revenue.
"Manchester United arguably have the largest fan base of any football club in the world, but they have failed so far to produce a genuine revenue breakthrough in Asia," said Tom Cannon, professor of sports finance at Buckingham Business School. "If you take out the broadcasting side, there has been far more huff than puff."
@Email:sports@thenational.ae
More from Neighbourhood Watch
'The Lost Daughter'
Director: Maggie Gyllenhaal
Starring: Olivia Colman, Jessie Buckley, Dakota Johnson
Rating: 4/5
TWISTERS
Director:+Lee+Isaac+Chung
Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos
Rating:+2.5/5
SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now
Herc's Adventures
Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5
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.
England World Cup squad
Eoin Morgan (capt), Moeen Ali, Jofra Archer, Jonny Bairstow, Jos Buttler (wkt), Tom Curran, Liam Dawson, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, James Vince, Chris Woakes, Mark Wood
Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
STAY, DAUGHTER
Author: Yasmin Azad
Publisher: Swift Press
Available: Now
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
COMPANY PROFILE
Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures
COMPANY PROFILE
Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)
Fireball
Moscow claimed it hit the largest military fuel storage facility in Ukraine, triggering a huge fireball at the site.
A plume of black smoke rose from a fuel storage facility in the village of Kalynivka outside Kyiv on Friday after Russia said it had destroyed the military site with Kalibr cruise missiles.
"On the evening of March 24, Kalibr high-precision sea-based cruise missiles attacked a fuel base in the village of Kalynivka near Kyiv," the Russian defence ministry said in a statement.
Ukraine confirmed the strike, saying the village some 40 kilometres south-west of Kyiv was targeted.
Company profile
Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices
COMPANY PROFILE
Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others
The years Ramadan fell in May
Barcelona 3
Messi (27’, 32’, 87’)
Leganes 1
El Zhar (68’)
The specs: 2018 Mercedes-AMG C63 S Cabriolet
Price, base: Dh429,090
Engine 4.0-litre twin-turbo V8
Transmission Seven-speed automatic
Power 510hp @ 5,500rpm
Torque 700Nm @ 1,750rpm
Fuel economy, combined 9.2L / 100km
Company Profile
Company name: OneOrder
Started: October 2021
Founders: Tamer Amer and Karim Maurice
Based: Cairo, Egypt
Industry: technology, logistics
Investors: A15 and self-funded