A new verb for you: "to Glazer over". It describes that trance-like boredom we feel whenever Manchester United fans, inconsolable with grief at enduring a whole season without any silverware, moan about Malcolm Glazer, their club's American owner, and his cohorts. My eyes began to "Glazer over" this week when yet another United fan phoned into my favourite radio show for a classic whinge.
All the usual suspects were there. They do not understand our history. Check. They do not attend matches. Check. They sold Cristiano Ronaldo to service their huge debt. Check. They have made the dining plates and wine glasses smaller. Che ... what? I ceased Glazing over and pricked up my ears. According to Mr Angry, who allegedly worked in catering at United's Old Trafford stadium, the tableware has been shrinking in recent years in order to decrease portion sizes, and hence increase profits, without diners noticing.
Although this accusation has the distinct whiff of urban myth - since when have Americans encouraged anyone to eat less? - I do hope it is true. I hope it is true because I like to imagine the conversation during that particular meeting. "OK, next item is reducing our £716m (Dh2.629bn) debt. Last year we raised £80m by selling our best player. Any other ideas?" "Er ... fewer prawns in the seafood salad?"
"Nice thinking, but the limeys can't know. Get onto our small plate guys." I hope it is true because it represents another blow to the presumed glamour of corporate hospitality, which is a blight on the football experience. I know this from bitter experience, having chosen to watch Liverpool play Barcelona from a corporate box at Anfield, instead of a seat on the Kop. Hermetically sealed by a glass screen from the electric atmosphere, I realised I had sold my soul for a free meal. Thankfully, this was before Liverpool's new "investors" arrived, so at least I can assume I sold it for a full-sized plate.
But most of all, I hope it is true because it provides us with a useful analogy about modern football. Whether or not we support a successful club, we have all seen our tableware reduced in recent years. By which I mean our expectations have been gradually, almost imperceptibly, chiselled away for somebody else's profit. We have become used to the mundane atmospheres generated by the "family friendly" stadia which replaced our old cauldrons of testosterone.
We have become used to players who kiss the badge in public, yet demand increasingly huge wages in private. We have become used to owners who invest in a club for profit, instead of prestige. And we have become used to the skewed ambitions which place a higher value on finishing fourth in the Premier League than on winning the FA Cup, or on desperately clinging to Premier League status over playing attractive football.
Like the allegedly shrinking seafood salads of Old Trafford, football still looks great. But it is not as satisfying as it used to be. And while world-class talent continues to flock to "the best league in the world", we may be forgiven for thinking that our cup runneth over. Well, maybe it does. Or maybe somebody just slipped us a smaller cup. Reason, perhaps, to avoid Glazering over when true fans, even United fans, complain about the erosion of old traditions.
What is going on with the Philadelphia Phillies fans? They already had a reputation for uncivilised behaviour but Citizens Bank Park is sounding more like the Roman Colosseum every day: a source of barbaric entertainment for the baying mob. Last month we saw a Taser gun used on a harmless teenage pitch invader - an activity which I am still pushing to become a sport in itself. Hey, I never said I wasn't part of the baying mob. And last week we heard about another Phillies fan who took the whole Roman motif to another level: forced vomiting. (Caution: please finish any food or drink before reading further.) Matthew Clemmens, 21, from New Jersey, deliberately vomited on to another fan after they exchanged heated words during a Phillies-Washington Nationals game in April. Clemmens told a friend that "I need to do what I need to do" before forcing his fingers down his throat, like Emperor Nero halfway through a feast. He pleaded guilty to assault and will be sentenced in July. But what about the wider repercussions for sport? Football fans are already subject to frisking and bag-searches before matches, during which potential missiles are confiscated. The use of one's own gastric contents as an offensive weapon could take pre-match frisking to a new level. "Had a big lunch did we, sir?" "Fish and chips." "Any dessert, sir?" "Chocolate cake." "Afraid I can't let you in, sir. That kind of load would cause carnage. You'll need to visit the nearest vomitorium." And just imagine what will happen if some notorious troublemakers, such as Millwall fans, get onto this trend. Put it this way: if you see them sneaking a load of Diet Coke and Mentos into the ground, it might be a good idea to put up your umbrella. Will Batchelor is a writer, broadcaster and self-confessed cynical sport fan sports@thenational.ae
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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.”
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
UK's plans to cut net migration
Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.
Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.
But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.
Language requirements will be increased for all immigration routes to ensure a higher level of English.
Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.
The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
Killing of Qassem Suleimani
ICC Women's T20 World Cup Asia Qualifier 2025, Thailand
UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final
T20 WORLD CUP QUALIFIER
Results
UAE beat Nigeria by five wickets
Hong Kong beat Canada by 32 runs
Friday fixtures
10am, Tolerance Oval, Abu Dhabi – Ireland v Jersey
7.30pm, Zayed Cricket Stadium, Abu Dhabi – Canada v Oman
Killing of Qassem Suleimani