Marlon Harewood, right, is congratulated by his teammates during the rout of Wigan.
Marlon Harewood, right, is congratulated by his teammates during the rout of Wigan.

Ian Holloway's perfect start on long road



WIGAN // Ian Holloway, the jubilant Blackpool manager, will celebrate his side's staggering start to Premier League life by getting introduced to a new family poodle. While the club's supporters were celebrating an unexpected 4-0 defeat of Wigan, Holloway was preparing to drive back to the family home in Bath, 270km south of Blackpool. He hopes it is a short-term situation as, having been given assurances about his future by Karl Oyston, the Blackpool chairman, Holloway is preparing to resettle his family on the north-west coast of England.

"I am going to Bath to see my kids and my wife's new dog," he said. "A little poodle called Teddy. "Hopefully we can come back up on Monday and find a semi-permanent home. I am going to try and move my family up here because I can't stand how far it is and I want to stay here a long time." As he makes his way down the M6, Holloway will be able to reflect on the shock outcome at the DW Stadium. A first-half opener from Gary Taylor-Fletcher was followed by two from Marlon Harewood, the new arrival, that secured maximum points by the break.

Alex Baptiste's bizarre cross-cum-shot goal in the second period completed the rout that put them top of the league for three hours. "I will take a photograph of the table and then retire," said Holloway. A week that began with rumours of Holloway walking out on the club ended with a joyous return to the top flight, which Blackpool departed in 1971. Harewood's contribution just about summed it up. Released by Aston Villa at the end of last season, the 31-year-old was linked with a series of clubs, but ended up at Blackpool.

"Little Blackpool asked him to come on trial and he wanted to play for us," said Holloway. "Hopefully the chairman might help us out with a few more because reality tells me we need so many new players it is scary. Marlon has signed a two-year deal and is going to be pivotal for us. "I need a big, powerful unit up front and when we go to the huge places with tradition, Marlon has been there, seen it and done it. That is vital for my young lads."

Not that it gets any easier for Holloway and his team as a trip to Arsenal is looming next Saturday. Despite yesterday's result he just hopes "we don't get embarrassed". That is exactly what happened to Wigan, whose performance was branded "unacceptable" by Roberto Martinez, their manager. "I don't question myself," he said. "We have to find solutions within the squad but it was quite clear we never had the simple ingredients you require when you go on to the football field."

There is also the Charles N'Zogbia issue to address. Called into the France squad by Laurent Blanc last week, N'Zogbia is apparently set on a move away from the DW Stadium. He did not merit a place among Martinez's 18-man squad yesterday, with the Wigan manager claiming he was not in the right mental state to play. "We have to resolve the situation internally," he said. "The squad and the team are more important than any other individuals and it is too early to tell what will happen."

After being mauled by the team tipped to finish bottom, Wigan must now prepare for a meeting with the champions as Chelsea are next week's opponents. * Press Association

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

SPECS
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England's all-time record goalscorers:
Wayne Rooney 53
Bobby Charlton 49
Gary Lineker 48
Jimmy Greaves 44
Michael Owen 40
Tom Finney 30
Nat Lofthouse 30
Alan Shearer 30
Viv Woodward 29
Frank Lampard 29

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  • Only invest in crypto projects that you fully understand.
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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.”

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

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'Tell the Machine Goodnight' by Katie Williams 
Penguin Randomhouse

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
UAE%20Warriors%2045%20Results
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Under 19 World Cup

Group A: India, Japan, New Zealand, Sri Lanka

Group B: Australia, England, Nigeria, West Indies

Group C: Bangladesh, Pakistan, Scotland, Zimbabwe

Group D: Afghanistan, Canada, South Africa, UAE

 

UAE fixtures

Saturday, January 18, v Canada

Wednesday, January 22, v Afghanistan

Saturday, January 25, v South Africa

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5