Premier League notebook: Robinho has options, Aquilani returns to Italy and Magpies put Taylor up for sale



Robinho has told Roberto Mancini, the Manchester City manager, that he wants to play in either Italy or Spain. The Brazil international, who went out on loan to Santos last season, looks increasingly likely to leave Eastlands. Fenerbahce, the Turkish side, are apparently keen to secure the former Real Madrid forward's services and there is also interest from elsewhere. Mancini said: "Robinho has two or three options. When he chooses we will then know where he wants to go. I have spoken with Robinho and he can stay if he works well and trains well. I have a good relationship with him. But I think he wants to play in Italy or Spain." Lazio are also keen on Roque Santa Cruz, the Paraguay striker, who like Robinho has found himself down the pecking order. Mancini said: "Roque is a fantastic guy and a fantastic player. It is possible he will leave for Lazio or another team."

Alberto Aquilani, the Liverpool midfielder, has completed his season-long loan move to Juventus, the Italian club have announced. The Serie A side say have also acquired an option to buy the former Roma player for £13.1million (Dh74.2m). Aquilani was made available for loan by Liverpool after struggling to make an impact since his £17m move from Roma last summer. Aquilani, 26, was signed by Rafael Benitez, the former manager, as a replacement for the influential Xabi Alonso but his first season on Merseyside was hampered by injuries and he has largely been used as a substitute.

Newcastle are ready to sell Steven Taylor, the defender, after failing to agree a new contract. A club spokesperson said: "We can confirm that Steven Taylor is on the transfer list." Taylor's current contract is due to expire at the end of the season and he would be able to leave the club on a free transfer. As a result, the Magpies have decided to cash in on him now. He is currently recovering from shoulder surgery after missing the second half of last season through injury as the Magpies gained promotion back to the Premier League after one season in the Championship.

Kevin MacDonald, the Aston Villa caretaker manager, has admitted that managing the club on a permanent basis would be a "great opportunity" for him. But the Scot remains steadfast in his pledge to decide whether he will apply for the job after Villa's match against Everton on Sunday. MacDonald said: "It's got to be thought out very, very closely. It would be a great opportunity for me, but it would be a great opportunity for anybody who could take over this job because it is a big club." MacDonald added that he does not think Sunday's 6-0 defeat at Newcastle harmed his chances, but he understands why some would disagree with him. "I think people on the outside would probably look at it that way," he said. "But from my own point of view it hasn't changed my stance towards what I was trying to do."

Darren Bent, the Sunderland striker, is hoping for new recruits to help reinforce their squad before the transfer window closes. Steve Bruce, the Black Cats manager, is still desperate to strengthen his squad before the August 31 deadline, with a top-class replacement for Kenwyne Jones, the striker who left for Stoke in an £8m move earlier this month, a priority. Bent said: "I think we have got a strong squad to take into the new year, but one or two new faces never do any harm and I'm sure the manager has his targets on who we wants to bring in."

* Agencies

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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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The specs

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Torque: 390Nm at 3,000rpm

Transmission: eight-speed auto

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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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.”

Isle of Dogs

Director: Wes Anderson

Starring: Bryan Cranston, Liev Schreiber, Ed Norton, Greta Gerwig, Bill Murray, Jeff Goldblum, Scarlett Johansson

Three stars

Paris Can Wait
Dir: Eleanor Coppola
Starring: Alec Baldwin, Diane Lane, Arnaud Viard
Two stars

Family reunited

Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.

She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.

She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.

The couple were married in August 2009 in Winchester and their daughter was born in June 2014.

She was held in her native country a year later.

Zakat definitions

Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.

Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.

Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.

Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.

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The biog

Hobby: "It is not really a hobby but I am very curious person. I love reading and spend hours on research."

Favourite author: Malcom Gladwell 

Favourite travel destination: "Antigua in the Caribbean because I have emotional attachment to it. It is where I got married."

Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
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Emergency

Director: Kangana Ranaut

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

Rating: 2/5