Ricky Hatton is knocked down by Manny Pacquiao in their title bout at the MGM Grand Gaden Arena, Las Vegas, in May 2009.  Pic: Steve Marcus/Reuters
Ricky Hatton is knocked down by Manny Pacquiao in their title bout at the MGM Grand Gaden Arena, Las Vegas, in May 2009. Pic: Steve Marcus/Reuters

You can keep your Hatton



It's been more than three years since Ricky Hatton last entered a boxing ring in earnest.

Three years since that famous photograph of Stockport's finest lying spark out on the canvas at the MGM Grand in Las Vegas. Three years since that defeat - just the second of a storied and impressive professional career - brought an end to the Hatton era.

Fast forward three years, and the Pride of Hyde is reportedly ready to step back into a boxing ring again.

I loved watching Ricky fight. I remember the atmosphere in the MEN Arena when he beat Kostya Tszyu. A mild June morning on the eve of a blistering summer, and despite the early hours more than 20,000 packed into the yellow seats.

It was the night Ricky went from being popular local fighter to a genuine global boxing figure. Yes, there might have been some dodgy tactics on display - Ricky's low blow clearly did its damage, but came after a night of niggles, shoves and going south of the belt from the Australian.

But the recognition from the crowd as they realized Tszyu's trainer had thrown in the towel, that Ricky - the northern lad who liked a pie or two, a pint of Guinness and a round of darts at his local - had overcome the odds was phenomenal.

Boxing was red hot around then. Amir Khan had not long turned pro. Calzaghe was a big draw on Saturday nights on ITV. Ricky was becoming a genuine superstar.

Times have changed. Boxing certainly isn't as hot as it was back then. And Ricky, after three years out of the ring, does not need to step back into it.

The promoters and broadcasters will love the idea, of course. Even after his recent issues with drink, drugs and depression, Ricky's a popular and likable guy. But there's nothing sadder than a fighter past his prime either punching out tomato cans in desperation of a win - or worse, being beaten by fighters he has no business facing.

These days, Ricky's a promoter himself, of course, with an emerging stable of young fighters. Some have suggested he sees a return to the ring as an ideal way to raise the profile of his roster. Others claim it's a case of unfinished business by the Hitman, feeling that itch to return to the ring after leaving in such an ignominious fashion. Either way, he'll know the value of another Hatton fight.

I'm sure it'll make good business sense. But that's the only sense it'll make.

His agent Paul Speak said today there's no substance to claims Hatton's already looking at potential venues for his comeback fight - but notably didn't close the door on him lacing up the boots again.

"People are speculating but Ricky is just keeping fit and has not made any decision on a comeback," he said. "There's no story."

It's understandable if Hatton did want to come out of retirement. Nobody likes to end with a defeat, especially not one as comprehensive as his hammering at the fists of Pacquiao. But defeat against the best in the world, at the top of the sport, while sore, is worth far more than a failed comeback that leaves you flat on your back against a journeyman.

I want to remember Ricky Hatton as a legend. A man on the top of the card, fighting the best in the world. I want to remember 22,000 people bellowing out Blue Moon and getting a shiver down my back. I don't want to remember him slugging away, a fraction of his iconic self, tarnishing his reputation in pursuit of some last gasp lurch grasp at going out on a win.

Please Ricky.  Don't be that guy.

Founder: Ayman Badawi

Date started: Test product September 2016, paid launch January 2017

Based: Dubai, UAE

Sector: Software

Size: Seven employees

Funding: $170,000 in angel investment

Funders: friends

Difference between fractional ownership and timeshare

Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
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. 

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.”

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million