India were down in the dumps less than 24 hours after Virender Sehwag made his candid comment about Bangladesh.
India were down in the dumps less than 24 hours after Virender Sehwag made his candid comment about Bangladesh.

Sehwag runs into trouble



Virender Sehwag is proving to be as instinctive when dealing with the media as he is when tackling opposition bowlers.

His comment about Bangladesh being "ordinary" prior to the opening Test in Chittagong tickled, angered and aroused cricket lovers the world over.

Sure, Bangladesh are no great force, but for an opposition captain - Sehwag is standing in for the injured MS Dhoni - to call them "ordinary" was just not cricket.

But Sehwag's comment must be examined closely in a world that is changing and becoming highly opinionated. Sehwag just said what others believed, but did not have the courage say so in public.

That his side let him down the very next day when the Bangladesh bowlers claimed eight wickets for a little over 200 runs is another matter. Sure, Sehwag looked silly after his soft dismissal, especially when the bowler, Shakib Al Hasan, happened to be his opposite number.

But he still scored a half century without which India's situation would have been all the more dire. That India were down in the dumps less than 24 after Sehwag made his extraordinary comment was a great story for the media.

But, spare a though for Sehwag, who has given aggressive batting such a good name in the recent past. Only last month, he was spoken of in the same breath as Sir Don Bradman when he nearly got his third triple hundred in Test cricket, against Sri Lanka.

It is a fact that Bangladesh have been poor. Before their two wins against the West Indies last July, they had only one Test victory to their name and that one came against lowly Zimbabwe in 2005.

It has been 10 years since the International Cricket Council (ICC) admitted them into the Test fold and they have made very little progress in this form of the game. Experts were right to slam the Jagmohan Dalmiya-led ICC when Bangladesh was awarded Test status in 2000.

All that they had going for them was passionate following for the game. Public interest cannot entitle a country to play at the highest level; only a strong domestic structure that regularly produces talent should be the criteria. Everyone profits from experience, but no team can gain too much by losing regularly.

Perhaps, that is what has happened to Bangladesh, and the ICC have not done much to arrest the quality problem. A way of helping Bangladesh could be to strip them of their Test status and introduce a system to facilitate a steady production line.

That is what the rulers of the game are expected to do too and not just oversee Test matches and organise World Cups and Champions Trophies. Sehwag's comments have caused a bit of embarrassment among his teammates too. It was reported Sachin Tendulkar told the media on Sunday he would not answer questions about Sehwag's pre-match comments. Not surprising, because Tendulkar is no expert when it comes to stoking fires.

However, Sehwag and his seniors should not be too defensive of his view on Bangladesh. Nor do they have to be childish when it comes to reacting to criticism.

The former Australia captain, Ian Chappell, stated recently that he did not believe India had enough firepower in their bowling to win consistently around the world.

"They've got some good bowlers ... sure, they've got a very good batting line-up, but the bowling is really not good enough to see them win consistently all around the world," Chappell said.

Harbhajan Singh was quick to react in a newspaper interview: "Who is Ian Chappell?" he asked. The Indian team need to handle criticism better.

To answer Harbhajan's question, Chappell is one of the most respected voices in the game apart from being a fine captain. If you disagree with his view, you have all the freedom to say so, but to question someone's expertise is ridiculous. We all have opinions. It is a simple fact of life.

Knowing Chappell as I do, he will not take too much notice of how people react to his view on India's bowling. Harbhajan is not the only cricketer to have a problem with Chappell's views and I am reminded of a story the Aussie told me while I was interviewing him at Lord's in 2007 as he celebrated 30 years of broadcasting.

While commentating on the 1977 Ashes in England, a member of the Australia team who happened to play under Chappell asked him why was he criticising him all the time.

Chappell told his former teammate that there was a button on the television set which he could use to turn off the volume and if he did not want to see his face, there was another button to turn off the set. Chappell was also questioned as to why he was being harsh on a struggling Kim Hughes in 1984 since he knew exactly how difficult it was to lead Australia.

He immediately reminded the Hughes sympathiser that he was not the Australia captain, but a commentator and journalist and it was only fair to be honest and direct with his viewers and readers.

Sehwag has been just that in his comment about Bangladesh being ordinary on the Test scene. It would be uncharacteristic of him to back away.

Clayton Murzello is the Group Sports Editor of the Indian newspaper Midday

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

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.”

Listen here

Subscribe to Business Extra

• Apple Podcasts