Arsenal's captain Cesc Fabregas, left, is a vocal supporter of Arsene Wenger's philosophy.
Arsenal's captain Cesc Fabregas, left, is a vocal supporter of Arsene Wenger's philosophy.

Wenger used to hyperbole



LONDON // If you thought the reaction to Tiger Woods's road traffic accident was exaggerated - an initial bulletin of the world's No 1 golfer being "seriously injured" was downgraded swiftly to "minor injuries" - then that will be nothing compared to the hyperbole that will inevitably accompany the post-match analysis of a defeat or victory for Arsenal today against Chelsea.

A fourth loss of the season - leaving Arsenal 11 points adrift of their opponents - will spark a depressing post-mortem that will focus on Arsene Wenger's reluctance to spend money, the trophy-drought at the Emirates Stadium and the mental fragility of his youthful team. Three points, on the other hand, will see the French alchemist hailed as a tactical genius, provide vindication of his transfer policy and prompt fanciful talk of a first title since 2004. The truth probably lies somewhere in between.

"This is not a decisive match for Chelsea or for Arsenal," said Chelsea manager Carlo Ancelotti. "It's an important match." Wenger, publicly at least, is unlikely to get too carried away by any outcome. One result will not shake his beliefs. He is a visionary who wants to create a legacy, an aesthetically-pleasing side without bankrupting the club. He has fostered a young, dynamic squad who could dominate the domestic landscape for years to come. If Wenger needed a ringing endorsement of his blueprint then his sought-after captain provided it.

"I want to continue to be part of what is happening here," said Cesc Fabregas. "I believe in this team and I feel we can achieve things." If anything, the pressure and expectation is on Carlo Ancelotti. He is paid a king's ransom by Roman Abramovich, inherited a huge squad bristling with world-class talent and is not only expected to win, but win with style. It will also not be lost on Ancelotti that this Chelsea team are an ageing one and will need infusing with youth and rebuilding at a huge cost in a few years. He, of course, knows all about the perils of managing an ageing team from his days at Milan: the task became so big that he jumped ship and left the onerous task to Leonardo.

Ancelotti has not needed to revolutionise the team or the tactics at Stamford Bridge and very little has changed from the days of the ruthless winning machine created by Jose Mourinho and continued by Avram Grant and Guus Hiddink. Ancelotti has implemented a diamond formation and knows that midfield quartet will need to suffocate Arsenal's fluid midfield. "Arsenal have very good midfielders who we have to control," acknowledged the Italian. "This can be a difficult match for us if Arsenal keep control of midfield."

Despite the fact that Arsenal have been rampant form at home - five games, five wins and 20 goals - Chelsea will be confident. But Wenger will remind his players that this is a side who lost to Wigan who themselves were thrashed by Spurs who Arsenal beat comfortably at the Emirates last month. Granted, Arsenal have injuries, but Manchester United were severely depleted at Stamford Bridge last month and Chelsea could only labour to victory with a controversial goal from John Terry.

Terry relishes a challenge, particularly a physical one, and Wenger will be contemplating stretching the Chelsea defence and seeing how the England captain fares against raw pace by unleashing Theo Walcott. "Theo can play central, I am very conscious of that because of the quality of his runs and the timing of his runs," said Wenger, who may need to step his search for Bordeaux's Marouane Chamakh after Robin van Persie was yesterday ruled out for up to five months with ankle surgery.

kaffleck@thenational.ae Arsenal v Chelsea, KO 8pm, Showsports 1 & 2

THE DETAILS

Solo: A Star Wars Story

Director: Ron Howard

2/5

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What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

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Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

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Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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
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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.”

Director: Jon Favreau

Starring: Donald Glover, Seth Rogen, John Oliver

Rating: 2 out of 5 stars

The specs
 
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The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

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