The long suffering of football fans and homebuyers



The modern game of football, especially in the Premier League, is riddled with change. But we football fans don't particularly like change. We pick our football clubs at some early, impressionable age when we can't tell the difference between half-time and extra time, and remain loyal to our teams till death do us part. I mean, have you ever heard of an Inter Milan fan deserting to AC Milan, or a Liverpool supporter becoming a Manchester United devotee? It would be treason, if such a thing existed in the footballing world.

But despite the fealty and trueness we show to our clubs year on year, the clubs themselves go through a bout of transubstantiation. They change their form and character from one thing to another. For example a new team sponsor signs up and suddenly the old name on the kit has gone. The name of the new sponsor, perhaps one we'd never heard of, is emblazoned on our players' chests as they trot out of the tunnel. Do the fans get a choice? No, we don't. So one day there's a family-friendly name on our shirts, which we're proud to wear at father-and-son matches. The next day the sponsor has been changed and there is a gambling company we'd rather our kids really didn't know about.

The fans also don't get a choice about who owns the club. Boardroom control can change with shares swapping hands and management decisions being made, to which the fans are not privy. If more football clubs were owned by the fans, through, say, a trust structure, of course the situation would be entirely different. But, alas, only a few German and Spanish teams have managed to replicate this model with commercial and tournament success. The Premier League, which has the highest number of global aficionados, has no examples of this ownership structure. But on the positive side, a change of ownership heralds the promise of a fresh injection of cash for players, stadium and the club in general. So it's not altogether a bad thing.

And, finally, we all have to suffer the indignity of seeing a workmanlike manager who speaks his mind and wears the team's colours on his sleeve ejected by an uncaring chairman. Fans of Aston Villa Football Club must be feeling this way as they lick their wounds after a 6-0 thrashing by Newcastle United. Aston Villa's competent, straight-talking Martin O'Neill was apparently pushed out of the job of manager by the chairman against the consensus of the fans.

So as football fans, the changes affecting our clubs can be many - sponsors, owners and manager. And what can we do about it. Nothing. The people with whom long-suffering football fans have the greatest affinity are buyers of off-the-plan property who purchased their units with a view to living in them. I'm not referring to the speculators who logjammed the market in the freehold frenzy but the genuine homebuyers who transacted with the intention of creating homes for themselves. There are many of these people, and they can be found at post-mortem sessions concerning every property bubble that went pop - from Miami to Dubai.

Their plight is similar to that of football fans but with more skin in the game. At some impressionable point in their lives, they were swayed into buying off-the-plan property because of any number of factors - friends' recommendations perhaps, the skill of salespeople or a property developer's razzmatazz product launch. Partly with head but more with heart they chose to buy their dream homes, to be with till death did them part.

But somewhere along the way, things changed. The sponsor or brand behind the project ceased to back the scheme, so the project that had been previously endorsed by an A-list celebrity from yesteryear was now not only off-the-plan but off-the-map. The development was reduced to a stack of unused glossy marketing brochures that had never left their Teflon packaging. All other evidence of the sponsor or brand name had disappeared entirely.

Then the property buyer found out that the owners of the development had also changed. Because of a nefarious plot or quite simply a lack of cash in some cases, the people the buyers thought they were dealing with were no longer around. Some had skipped the country and left the employees and customers in a situation akin to a football club not paying its players their wages on time but expecting them to turn up and perform on the weekend: a story to which the troubled fans of Portsmouth FC will attest.

And finally they discovered the management team that had been doing something about fixing the problem no longer existed and had been replaced by a new bunch who didn't talk to customers, and if you wanted to meet them, the only place you might stand a chance was at the arbitration centre. Still, despite their plight today, genuine buyers of off-the-plan property should find some solace in the ignominy that supporters of Liverpool FC have had to endure. Being the most successful club in England has not spared Liverpool a change of sponsor, owner and manager.

But then, changing from longtime sponsor Carlsberg to the prudent Standard Chartered Bank can't be a bad thing. Trying to offload the current owners, Messrs Gillett and Hicks, is a welcome fillip for the club's fans. And the introduction of the experienced Roy Hodgson as the manager has once again promised stability and growth at Anfield. I suppose it helps that the team's celebrated anthem is You'll Never Walk Alone, a sentiment that has been all too absent among property developers, buyers and everyone else involved in the industry in these times of prodigious change.

Rehan Khan is a business consultant and writer based in Dubai

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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding

The Travel Diaries of Albert Einstein The Far East, Palestine, and Spain, 1922 – 1923
Editor Ze’ev Rosenkranz
​​​​​​​Princeton

MATCH INFO

Fixture: Ukraine v Portugal, Monday, 10.45pm (UAE)

TV: BeIN Sports

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Southampton 0
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Man of the match: Kevin de Bruyne (Manchester City)

SPEC SHEET

Display: 6.8" edge quad-HD  dynamic Amoled 2X, Infinity-O, 3088 x 1440, 500ppi, HDR10 , 120Hz

Processor: 4nm Snapdragon 8 Gen 1/Exynos 2200, 8-core

Memory: 8/12GB RAM

Storage: 128/256/512GB/1TB

Platform: Android 12

Main camera: quad 12MP ultra-wide f/2.2, 108MP wide f/1.8, 10MP telephoto f/4.9, 10MP telephoto 2.4; Space Zoom up to 100x, auto HDR, expert RAW

Video: 8K@24fps, 4K@60fps, full-HD@60fps, HD@30fps, super slo-mo@960fps

Front camera: 40MP f/2.2

Battery: 5000mAh, fast wireless charging 2.0 Wireless PowerShare

Connectivity: 5G, Wi-Fi, Bluetooth 5.2, NFC

I/O: USB-C

SIM: single nano, or nano and SIM, nano and nano, eSIM/nano and nano

Colours: burgundy, green, phantom black, phantom white, graphite, sky blue, red

Price: Dh4,699 for 128GB, Dh5,099 for 256GB, Dh5,499 for 512GB; 1TB unavailable in the UAE

The specs

Engine: 2.0-litre 4-cylinder turbo

Power: 240hp at 5,500rpm

Torque: 390Nm at 3,000rpm

Transmission: eight-speed auto

Price: from Dh122,745

On sale: now

The specs: 2018 Ducati SuperSport S

Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

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%3Cp%3EThe%20%3Cem%3ESafer%3C%2Fem%3E%20has%20been%20moored%20off%20the%20Yemeni%20coast%20of%20Ras%20Issa%20since%201988.%3Cbr%3EThe%20Houthis%20have%20been%20blockading%20UN%20efforts%20to%20inspect%20and%20maintain%20the%20vessel%20since%202015%2C%20when%20the%20war%20between%20the%20group%20and%20the%20Yemen%20government%2C%20backed%20by%20the%20Saudi-led%20coalition%20began.%3Cbr%3ESince%20then%2C%20a%20handful%20of%20people%20acting%20as%20a%20%3Ca%20href%3D%22https%3A%2F%2Fwww.google.ae%2Furl%3Fsa%3Dt%26rct%3Dj%26q%3D%26esrc%3Ds%26source%3Dweb%26cd%3D%26ved%3D2ahUKEwiw2OfUuKr4AhVBuKQKHTTzB7cQFnoECB4QAQ%26url%3Dhttps%253A%252F%252Fwww.thenationalnews.com%252Fworld%252Fmena%252Fyemen-s-floating-bomb-tanker-millions-kept-safe-by-skeleton-crew-1.1104713%26usg%3DAOvVaw0t9FPiRsx7zK7aEYgc65Ad%22%20target%3D%22_self%22%3Eskeleton%20crew%3C%2Fa%3E%2C%20have%20performed%20rudimentary%20maintenance%20work%20to%20keep%20the%20%3Cem%3ESafer%3C%2Fem%3E%20intact.%3Cbr%3EThe%20%3Cem%3ESafer%3C%2Fem%3E%20is%20connected%20to%20a%20pipeline%20from%20the%20oil-rich%20city%20of%20Marib%2C%20and%20was%20once%20a%20hub%20for%20the%20storage%20and%20export%20of%20crude%20oil.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EThe%20%3Cem%3ESafer%3C%2Fem%3E%E2%80%99s%20environmental%20and%20humanitarian%20impact%20may%20extend%20well%20beyond%20Yemen%2C%20experts%20believe%2C%20into%20the%20surrounding%20waters%20of%20Saudi%20Arabia%2C%20Djibouti%20and%20Eritrea%2C%20impacting%20marine-life%20and%20vital%20infrastructure%20like%20desalination%20plans%20and%20fishing%20ports.%C2%A0%3C%2Fp%3E%0A
Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
The biog

Name: Timothy Husband

Nationality: New Zealand

Education: Degree in zoology at The University of Sydney

Favourite book: Lemurs of Madagascar by Russell A Mittermeier

Favourite music: Billy Joel

Weekends and holidays: Talking about animals or visiting his farm in Australia

The specs: 2018 Genesis G70

Price, base / as tested: Dh155,000 / Dh205,000

Engine: 3.3-litre, turbocharged V6

Gearbox: Eight-speed automatic

Power: 370hp @ 6,000rpm

Torque: 510Nm @ 1,300rpm

Fuel economy, combined: 10.6L / 100km

The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

On sale: Now

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

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Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
Initial investment: $500,000 in seed round 1 in 2016; $2.2m in seed round 2 in 2017; $5m in series A round in 2018; $12m in series B round in 2019; $16m in series C round in 2020 and $25m in series D round in 2021
Current staff: more than 160 employees
Stage: series D 
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India

RESULTS: 2018 WORLD CUP QUALIFYING - EUROPE

Albania 0 Italy 1
Finland 2 Turkey 2
Macedonia 4 Liechtenstein
Iceland 2 Kosovo 0
Israel 0 Spain 1
Moldova 0 Austria 1
Serbia 1 Georgia 0
Ukraine 0 Croatia 2
Wales 0 Ireland 1

Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you
Mica

Director: Ismael Ferroukhi

Stars: Zakaria Inan, Sabrina Ouazani

3 stars

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
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Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

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Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
Brief scores:

Pakistan (1st innings) 181: Babar 71; Olivier 6-37

South Africa (1st innings) 223: Bavuma 53; Amir 4-62

Pakistan (2nd innings) 190: Masood 65, Imam 57; Olivier 5-59