Torres unlikely to go down with ship



Fernando Torres could be forgiven for wondering where it all went wrong.

The Liverpool he joined for a club record £21.5 million (Dh125.5m) in 2007 were managed by a compatriot, Rafa Benitez, and contained a squad with a strong Spanish contingent who had won the European Cup two years earlier. In Atletico Madrid, he left an unstable club which did not win trophies for a stable one which did. How was he to know that the fortunes of both clubs would ultimately reverse?

He could not see three years into the future and besides, the move worked out for Torres for much of that time. He made a mockery of Manchester United's assessment that he was not cut out to play Premier League football by scoring 24 league goals in his first season in the top flight, eclipsing the record set by United's Ruud van Nistelrooy for the most goals scored by a foreign striker. Torres was equally lethal in his second season when he was named in the Players' Team of the Year. His goal against United at Old Trafford in a 4-1 win emphasised the point that he was a world-class striker.

Although frustrated by the departure of compatriot Xabi Alonso to Real Madrid in 2009, Torres enjoyed a solid third season with 22 goals from 32 games. Along with Steven Gerrard, Torres was Liverpool's prized asset, both rewarded with wages of £110,000 a week. Liverpool's failure to qualify for the Champions League and the departure of Benitez - the man who described him as "the best player in the best league in the world" - clouds Torres's future at the club, as did the meltdown behind the scenes over ownership.

Torres has not commented on the situation, but his trusted compatriot Pepe Reina, the goalkeeper, called it "chaos". Sources close to Torres indicate that both he and Reina would be able to leave the club in January if the ownership issue is not sorted out. Injuries have plagued Torres this year and he has cut more of a forlorn figure in a faltering Liverpool side. His seven league appearances this season have yielded a solitary goal and he failed to find the net in any of Spain's seven World Cup matches. That his country won the tournament anyway and boast emerging strikers like another Fernando - Athletic Bilbao's Llorente - will not help him sleep easier.

Torres is settled in Liverpool, who are desperate to keep him, but he has become something of an anomaly - one of the few Spanish internationals playing outside the Primera Liga. Torres is still highly regarded in his homeland. Catalan radio stations buzzed with rumours at the weekend that Barcelona were interested. British tabloid newspapers even ran quotes from Gerard Pique urging Torres to leave Liverpool and join Barca. Except the quotes were fabricated and Pique never said anything of the sort.

With Liverpool's terrible start meaning they look unlikely to again qualify for the Champions League next season, Torres, 26, will be questioning his future. Liverpool's best case scenario is that new owners invest in a fading team and persuade Torres to stay. Their worst is he joins Manchester United. Few clubs could afford to match his current wages. Manchester City could, United claim they could and, while Chelsea were interested in the past, they have trimmed their wage bill and are hardly short of firepower at Stamford Bridge.

Spain may be a more realistic destination, though he is too expensive for his old club Atletico, leaving Barca or Real. Joining Real would burn a bridge with the Atletico fans who still idolise him, so Barca are a better option, with the tantalising option of Torres playing up front with his Spain teammate David Villa and Lionel Messi. The striker is not going to stick around if Liverpool's ship continues to sink.

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.” 

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

BEETLEJUICE BEETLEJUICE

Starring: Winona Ryder, Michael Keaton, Jenny Ortega

Director: Tim Burton

Rating: 3/5

Friday's schedule at the Etihad Airways Abu Dhabi Grand Prix

GP3 qualifying, 10:15am

Formula 2, practice 11:30am

Formula 1, first practice, 1pm

GP3 qualifying session, 3.10pm

Formula 1 second practice, 5pm

Formula 2 qualifying, 7pm

The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

Tax authority targets shisha levy evasion

The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.

Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".

The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.

He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.

"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.

As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.

COMPANY%20PROFILE
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Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

Emergency phone numbers in the UAE

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

Moonfall

Director: Rolan Emmerich

Stars: Patrick Wilson, Halle Berry

Rating: 3/5

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Results

Stage 7:

1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29

2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

3. Phil Bauhaus (GER) Bahrain Victorious

4. Michael Morkov (DEN) Deceuninck-QuickStep

5. Cees Bol (NED) Team DSM

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02

4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

5. Neilson Powless (USA) EF Education-Nippo - 0:01:45

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COMPANY%20PROFILE
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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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Company%20Profile
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