Misery for Leeds and a setback for Qatari ambitions in UK football. Getty Images
Misery for Leeds and a setback for Qatari ambitions in UK football. Getty Images
Misery for Leeds and a setback for Qatari ambitions in UK football. Getty Images
Misery for Leeds and a setback for Qatari ambitions in UK football. Getty Images

Qatar’s hopes for UK football glory crushed


Nicky Harley
  • English
  • Arabic

Qatar’s hopes of being tied to a top flight UK Premier League club are in tatters after the football team Doha has built close links with was knocked out in a crunch tie on Wednesday.

As part of its ambitions for World Cup glory, two different Qatar agencies have established lucrative partnerships with northern Championship team Leeds United.

But Leeds threw away their chance to return to the top league after losing the second leg of their play-off game 4-2 at home to Derby County - costing the club an estimated £170million (Dh801.6million).

Just a few months ago it was expected that the club would gain automatic promotion and return to the top flight following a 15-year absence but a string of recent defeats left them reliant on a win in the play-offs.

Last year the club announced it was linking up with Qatar’s Aspire Academy which aims to develop and nurture players ahead of it hosting the 2022 World Cup.

A year later, in April, it announced it was also partnering with a second Qatari academy, Generation Amazing. The Aspire Academy’s director general is Ivan Bravo, who is also a director at Leeds United and lives in Qatar.

It had been speculated that the academies were hoping to provide a pool of players for the club and its links with a team on the cusp of Premier League glory would give them extra credibility.

It follows controversy over child trafficking claims against the Aspire Academy, due to it searching for talent in struggling countries and moving youngsters away to coaching centres in Qatar.

Some Leeds fans now fear the club could be put up for sale by owner media mogul Andrea Radrizzani – claims he denied earlier this year.

Radrizzani’s fortune was made in sport broadcast and he and Qatar based-broadcaster BeIN have bought up broadcast rights across Europe.

It comes as their manager Marcelo Bielsa is not expected to make a decision on his future at the UK club until he discovers the financial implications of the team’s failure to win promotion to the Premier League.

The former Marseille and Lazio manager, whose £3m-a-year salary makes him one of the Championship’s highest paid managers, will want reassurances that he will not be forced to sell his best players to ease financial pressure as a result of their promotion failure.

After the game Bielsa refused to give too much away, adding: “If the club offers me the possibility to carry on I will listen to their proposal.”

UK football journalist Richard Sutcliffe, who has followed the club for decades, said its future will depend on Bielsa staying.

"Leeds, as a club, need stability, both in terms of ownership and management of the team,” he said.

“This was Radrizzani's second year in charge, while Bielsa is only the second manager to last a full season at Elland Road since Simon Grayson in 2010-11.

“The fans are desperate for Bielsa to stay, as do the club. The decision rests with him. As with anything involving such a unique character, second guessing someone like Bielsa is difficult but if Leeds are to bounce back from missing out on promotion then he needs to stay and be backed in summer transfer window.

“Leeds need a proven striker, more depth in defence and a keeper who doesn't inspire a total meltdown in confidence from his defence by making rash decisions."

Earlier this year there had been rumours that Qatar Sports Investments (QSI), the owner of European giants Paris Saint-Germain (PSG),was looking to invest in an English club and Leeds could be on its radar.

PSG is also affiliated to the Aspire Academy and its club president is Nasser bin Ghanim Al-Khelaifi, who is also the chairman of BeIN Media Group, which owns BeIN Sport.

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

A timeline of the Historical Dictionary of the Arabic Language
  • 2018: Formal work begins
  • November 2021: First 17 volumes launched 
  • November 2022: Additional 19 volumes released
  • October 2023: Another 31 volumes released
  • November 2024: All 127 volumes completed
Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

Men’s singles 
Group A:
Son Wan-ho (Kor), Lee Chong Wei (Mas), Ng Long Angus (HK), Chen Long (Chn)
Group B: Kidambi Srikanth (Ind), Shi Yugi (Chn), Chou Tien Chen (Tpe), Viktor Axelsen (Den)

Women’s Singles 
Group A:
Akane Yamaguchi (Jpn), Pusarla Sindhu (Ind), Sayaka Sato (Jpn), He Bingjiao (Chn)
Group B: Tai Tzu Ying (Tpe), Sung Hi-hyun (Kor), Ratchanok Intanon (Tha), Chen Yufei (Chn)

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium, Malayisa
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia on October 10

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Hoopla%3Cbr%3E%3Cstrong%3EDate%20started%3A%20%3C%2Fstrong%3EMarch%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Jacqueline%20Perrottet%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2010%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%3Cbr%3E%3Cstrong%3EInvestment%20required%3A%3C%2Fstrong%3E%20%24500%2C000%3C%2Fp%3E%0A
ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

UAE currency: the story behind the money in your pockets
THE BIO

Age: 33

Favourite quote: “If you’re going through hell, keep going” Winston Churchill

Favourite breed of dog: All of them. I can’t possibly pick a favourite.

Favourite place in the UAE: The Stray Dogs Centre in Umm Al Quwain. It sounds predictable, but it honestly is my favourite place to spend time. Surrounded by hundreds of dogs that love you - what could possibly be better than that?

Favourite colour: All the colours that dogs come in

UAE players with central contracts

Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.