Kagan McLeod for The National
Kagan McLeod for The National
Kagan McLeod for The National
Kagan McLeod for The National

Beautiful game, ugly players


James Langton
  • English
  • Arabic

A well-worn pitch in a Latin American favela, a patch of dirt in an African township, the smog-choked street of an industrial city in Asia. The location changes, but the story is always the same; a scrawny boy with a football, and a touch of magic that makes the stranger watching from the sidelines reach for his mobile phone.

Jump a dozen years into the future. The boy is now a man, made strong by a combination of good nutrition and a small army of trainers. To an audience of photographers and TV cameras he raises a shirt. On the back is his name. On the front, the crest of one of the great names of European football: Barcelona, Real Madrid, Manchester United. The transformation is complete. As the flashguns illuminate the scene, everybody smiles. The club president, the manager, the agents, the super-agents, the lawyers (his and theirs). Not quite in the picture is everything else that accompanies the lives of the world's best (and richest) footballers. The fast car (almost certainly Italian); the girlfriend (almost certainly a lingerie model or a minor pop star). Not to mention,the meaningless tattoos and a personal fortune to rival Croesus. Soon there will be sales of image rights, television commercials for fizzy drinks, pungent aftershave and expensive training shoes. A ghost-writer will produce the autobiography of a life barely lived, which will then be translated into a dozen languages. Wherever he travels in the world, small boys will chant his name and grown men will behave like small boys.

This, then, is the life of the stars of international football. Once the World Cup made them golden boys, now it is they who give the tournament its lustre. In many ways they are bigger than the occasion itself. The World Cup demands our attention every four years; these egos demand it constantly. It was not always like this. In 1958, the World Cup was held in Sweden. The unfancied Brazilian team included an anonymous teenager called Edison Arantes do Nascimento, a mouthful that had already been shortened to Pelé.

His first goal made Pelé the youngest ever World Cup scorer and took Brazil to the quarter-finals. In the semi-final against France he became the youngest player to score a hat-trick. Two more goals came in the final against Sweden that gave Brazil the first of five world championships. Such was the intensity of the occasion that Pelé passed out at the sound of the final whistle. The 1966 World Cup left Pelé almost crippled by a tackle so appalling that the Brazilian declared he would never play in the tournament again. Persuaded to change his mind, Pelé returned in 1970 to score the opening goal in the final against Italy and make two more. Afterwards, his marker, Tarcisio Burgnich, said: "I told myself before the game, he's made of skin and bones just like everyone else. But I was wrong."

Such is his fame that the Shah of Iran once waited three hours at an airport just to shake his hand. With fame came fortune - at various stages he has promoted everything from Coca-Cola and MasterCard to Viagra. But never once did he lose his dignity. There are many others: Lev Yashin, the Russian giant who is generally regarded as the greatest goalkeeper the world has seen; Franz Beckenbauer, the quiet German who captured the World Cup at his third attempt; Eusébio, the Portuguese "Black Pearl" whose nine goals in the 1966 World Cup included four against North Korea, who at one stage were leading 3-0, and who still found time to give this schoolboy an autograph during a training session in north London.

The drama's of these men's lives were lived on the pitch. Today, instead of Eusébio, the star turn of the Portuguese team in South Africa is Cristiano Ronaldo, whose sculpted physique can be seen all over the world, promoting everything from underwear to hair-care products. For many, Ronaldo epitomises the best and worst of modern superstar footballers. The son of a cook and an alcoholic gardener from a rundown suburb of Funchal, Madeira, he overcame severe health problems as a teenager to sign for Manchester United in 2002.

Supremely gifted as a footballer, he is as well known for his exploits off the pitch as on it. A Google search for "Cristiano Ronaldo+girlfriends" produces 134,000 results in 0.9 of a second. A lengthy list of conquests is said to include the celebrity model Kim Kardashian and Paris Hilton, the latter during celebrations in Hollywood to celebrate his £80 million (Dh420 million) transfer from Manchester United to Real Madrid in 2009.

His World Cup debut was distinguished by an incident in which he encouraged the referee to send off his then Manchester United teammate Wayne Rooney during a World Cup quarter-final with England (and then winking at the Portuguese bench after Rooney was expelled). Most Englishmen have despised him ever since. When a publicity-seeking shopkeeper accused Bobby Moore, the England captain, of stealing a bracelet before the 1970 tournament, the world snorted at the absurdity of the allegations. These days, the morals of the England team are less certain.

A little after being voted "Dad of the Year", John Terry of Chelsea was stripped of the captaincy after being caught having an extra-martial affair with the girlfriend of another England team member. It was later revealed he was pocketing substantial cash payments for private behind-the-scenes tours of his club's training ground. Rooney is another player whose commercial achievements far outweigh those for his country and who increasingly looks like a bomb waiting to go off. Despite sponsorship deals with Nike, Ford and Coca-Cola, he has yet to score in a World Cup finals match, where his notoriety rests on the red card that followed his stamp on the Portuguese defender Ricardo Carvalho.

In the past week, Rooney was cautioned for uttering an expletive to a referee in a warm-up game. Tattooed across his neck are the words: "Just Enough Education to Perform." Of course, bad behaviour by footballers is nothing new. Maradona, arguably the most gifted player since Pelé, has battled cocaine abuse and was sent home from his final World Cup in disgrace for failing a drug test. Improbably, he is back again in South Africa as the manager of Argentina.

Two things have changed though in recent years. One is the global passion for football and the marketing potential of its stars that means the streets of Abu Dhabi and Dubai are lined with an image of Lionel Messi, the Argentinian striker, uncomfortably clutching a huge bucket of fried chicken. The other is the rise of club football. Messi is also one of the stars of Barcelona and when it comes to club or country, there is increasingly a conflict of interest. Club managers (and their accountants) will flinch at every crunching tackle on their star players in South Africa, fearful that they will return on crutches. So too do the fans of the bigger clubs who increasingly place success in competitions such as the European Champions League above any triumph in international football.

In an age where a worldwide network of scouts can spot the most precious talent emerging in the most remote African village, it seems improbable that any talent will emerge from South Africa in the way that Pelé burst into the global consciousness over half a century ago. But if they do, their first thoughts will not just be the golden trophy to be presented on July 11 at Johannesburg's Soccer City Stadium, but the prospect of an arm draped round a supermodel, the keys to a Ferrari in their designer jeans and their face on the side of a soft drink can.

jlangton@thenational.ae

The specs

Engine: 6.2-litre V8

Transmission: ten-speed

Power: 420bhp

Torque: 624Nm

Price: Dh325,125

On sale: Now

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

WHAT%20START-UPS%20IS%20VISA%20SEEKING%3F
%3Cp%3E%3Cstrong%3EEnablers%20of%20digital%20services%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Blockchain%20and%20cryptocurrency%3Cbr%3E%E2%80%A2%20Crowdfunding%3Cbr%3E%E2%80%A2%20Banking-as-a-service%3Cbr%3E%E2%80%A2%20Banking%20identification%20number%20sponsors%3Cbr%3E%E2%80%A2%20Issuers%2Fprocessors%3Cbr%3E%E2%80%A2%20Programme%20managers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDigital%20issuance%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Blockchain%20and%20cryptocurrency%3Cbr%3E%E2%80%A2%20Alternative%20lending%3Cbr%3E%E2%80%A2%20Personal%20financial%20management%3Cbr%3E%E2%80%A2%20Money%20transfer%20and%20remittance%3Cbr%3E%E2%80%A2%20Digital%20banking%20(neo%20banks)%3Cbr%3E%E2%80%A2%20Digital%20wallets%2C%20peer-to-peer%20and%20transfers%3Cbr%3E%E2%80%A2%20Employee%20benefits%3Cbr%3E%E2%80%A2%20Payables%3Cbr%3E%E2%80%A2%20Corporate%20cards%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EValue-add%20for%20merchants%2Fconsumers%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Data%20and%20analytics%3Cbr%3E%E2%80%A2%20ID%2C%20authentication%20and%20security%3Cbr%3E%E2%80%A2%20Insurance%20technology%3Cbr%3E%E2%80%A2%20Loyalty%3Cbr%3E%E2%80%A2%20Merchant%20services%20and%20tools%3Cbr%3E%E2%80%A2%20Process%20and%20payment%20infrastructure%3Cbr%3E%E2%80%A2%20Retail%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESME%20recovery%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Money%20movement%3Cbr%3E%E2%80%A2%20Acceptance%3Cbr%3E%E2%80%A2%20Risk%20management%3Cbr%3E%E2%80%A2%20Brand%20management%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENew%20categories%20for%202023%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Sustainable%20FinTechs%3Cbr%3E%E2%80%A2%20Risk%3Cbr%3E%E2%80%A2%20Urban%20mobility%3C%2Fp%3E%0A
The Bio

Favourite place in UAE: Al Rams pearling village

What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft

Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans

Best time to swim in the sea: When there is enough light to see beneath the surface

Kandahar%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Ric%20Roman%20Waugh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EGerard%20Butler%2C%20Navid%20Negahban%2C%20Ali%20Fazal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202.5%2F5%3C%2Fp%3E%0A
The past winners

2009 - Sebastian Vettel (Red Bull)

2010 - Sebastian Vettel (Red Bull)

2011 - Lewis Hamilton (McLaren)

2012 - Kimi Raikkonen (Lotus)

2013 - Sebastian Vettel (Red Bull)

2014 - Lewis Hamilton (Mercedes)

2015 - Nico Rosberg (Mercedes)

2016 - Lewis Hamilton (Mercedes)

2017 - Valtteri Bottas (Mercedes)

Match info

Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')

Southampton 0

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions

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: Thndr

Started: October 2020

Founders: Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC,  Rabacap and MSA Capital

First Person
Richard Flanagan
Chatto & Windus