Jamie Carragher insists critics who claim Liverpool would be better off not qualifying for the Europa League do not understand the club.
Sunday's 3-0 win over Newcastle United at Anfield took Liverpool above Tottenham Hotspur and into fifth place in the Premier League table.
Even though Spurs have a game in hand, they have to go to Anfield for the penultimate match of the season and Kenny Dalglish's side are now fancied by some to claim the European spot that goes with fifth place.
However, because of the upheaval at the club this season, with the change of ownership in October followed by the January removal of Roy Hodgson after just six months as manager, a theory has emerged among observers and fans that the Europa League, with its lengthy fixture list and the travel involved, will do more harm than good to the rebuilding process.
It is not a view shared by Carragher, who insists the winning mentality which has returned under Dalglish means the players want to compete for everything.
"I know there is a lot of talk about whether people want us to finish fifth but, for me, Liverpool is European football," the 33-year-old defender said.
"That's what the club is about, and I'm desperate for us to get it.
"It is another trophy to go for. I'd have loved to have been in Dublin [for this season's final] in a couple of weeks - that would have been fantastic for us and fantastic for the supporters.
"If we keep winning games, we've got a good chance of qualifying, but Tottenham will probably feel the same, and I think [the Spurs game on May 15] will be a great game now.
"It is important for the team to keep winning and maintain the feel-good factor.
"It hasn't been a great 18 months really for the club, it has been tough.
"Now, though, we can start to enjoy ourselves and go into games expecting to win."
Contrary to popular opinion, Carragher thinks being involved in the Europa League may actually be a help rather than a hindrance.
Liverpool's European campaign this season started on July 29, albeit with a number of fringe players because of the knock-on effect of the World Cup.
The club's vice-captain believes utilising the whole squad will keep things competitive and harmonious in the early stages of the new campaign.
"Of course I can understand why fans would not want us to be in the Europa League and [as players] playing Thursday and Sunday doesn't give you much time to recover," he said.
"Realistically the manager would use the squad to start with and it would be good for the young players to get European experience as well.
"And I am sure we will be adding some new players to the squad next season so we would have a bigger squad than we have now and more players could be involved, playing more games.
"When you are only playing every Saturday it is difficult to keep players happy because you don't change the team so much so you end up having 10 or 12 unhappy players.
"Sometimes having more games can keep everyone happy at the club."
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Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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Name: Thndr
Started: 2019
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Sector: FinTech
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Match info
Huddersfield Town 0
Chelsea 3
Kante (34'), Jorginho (45' pen), Pedro (80')
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Monak – delivery
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Olymon Solutions – smart automation
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PowerDev – energy big data
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Swftbox – delivery
Trade Capital Partners – FinTech
Valorafutbol – sports and entertainment
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Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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UAE currency: the story behind the money in your pockets
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FA Cup quarter-final draw
The matches will be played across the weekend of 21 and 22 March
Sheffield United v Arsenal
Newcastle v Manchester City
Norwich v Derby/Manchester United
Leicester City v Chelsea
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.”
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
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Political flags or banners
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Bikes, skateboards or scooters
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The specs
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The more serious side of specialty coffee
While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.
The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.
Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”
One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.
Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms.
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TO A LAND UNKNOWN
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4pm: Maiden Dh 60,000 (D) 1,000m
4.30pm: Handicap 64,000 (D) 1,950m
UAE currency: the story behind the money in your pockets