Teenage kicks that never matured



While some Manchester United fans may be growing impatient at Wayne Rooney's continued absence from the team while recovering from the hamstring injury he suffered against Wigan on Jan 14, Sir Alex Ferguson is too wise to rush the man of all talents back into action. Rooney is 23, the same age at which Wayne Harrison was forced out of football after 23 football related operations. Wayne who? Let's go back to March 1985 when the telephone rang in the Oldham Athletic manager Joe Royle's office at Boundary Park. "Hello, Joe? It's Joe Fagan here at Liverpool. About this kid of yours - Wayne Harrison - would you be willing to accept two hundred grand for him?" "Two hundred big ones? You're having a laugh aren't you? "OK then, how about a quarter of a million? "Let me think it over - OK, it's a done deal." So Harrison, a 17-year-old who had played only two Second Division first-team games for Oldham become the world's most expensive teenage footballer (a price tag later acquired by his namesake when he moved to United from Everton four and a half years ago). Like Rooney, Harrison was destined for stardom: England international caps, league championships, FA Cup winner's medals, European Footballer of the Year, who knew what glittering future lay ahead of the young man with the world at his feet? After being allowed to see out the 1984-85 season at Oldham, where he left with five first-team appearances under his slim-waisted belt, Harrison duly reported for duty at Anfield in the company of Graeme Souness, Alan Hansen and Ian Rush under the player-managership of Kenny Dalglish, who had replaced the late Fagan in the aftermath of the Heysel Stadium riots. In the tradition laid down by Bill Shankly, Liverpool did not rush their protege into action, allowing him to mature slowly in the reserves, where his performances were a source of quiet satisfaction to Dalglish. Assiduously protected from the media, Harrison was on the verge of a seat on the substitutes' bench when, in a bizarre accident, he crashed through a greenhouse and, with the local ambulance service on strike at the time, he all but died through loss of blood before the back-up army medics could rush him to hospital. Even so, as a natural goal-scorer blessed with a sublime touch, Harrison was generally regarded as the future King of the Kop in waiting, except that he was kept waiting and waiting and waiting. Fate was not finished with young Harrison: he endured a series of serious injuries - double hernia, cartilage, knee, shoulder - returning from each new operation determined to fulfil his destiny. Then, in the last reserve game of the season against Bradford City in May 1990, he collided with the goalkeeper, shattering the cruciate ligaments in his knee: the damage was irrepairable and it befell to Souness, Dalglish's successor at Anfield, to gently explain the details of the medical prognosis. At 23, and without playing a first-team game for Liverpool after his highly-publicised transfer, Harrison's football career was over. The last time I spoke to Harrison, now 41, he was making deliveries for Robinson's Brewery in his home town of Stockport. "The knee still gives me gyp," he explained. "But I console myself with the thought that nothing in life can ever be as bad again." Some fairytales do not have a happy ending. rphilip@thenational.ae

Company Profile

Company name: Yeepeey

Started: Soft launch in November, 2020

Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani

Based: Dubai

Industry: E-grocery

Initial investment: $150,000

Future plan: Raise $1.5m and enter Saudi Arabia next year

TOUCH RULES

Touch is derived from rugby league. Teams consist of up to 14 players with a maximum of six on the field at any time.

Teams can make as many substitutions as they want during the 40 minute matches.

Similar to rugby league, the attacking team has six attempts - or touches - before possession changes over.

A touch is any contact between the player with the ball and a defender, and must be with minimum force.

After a touch the player performs a “roll-ball” - similar to the play-the-ball in league - stepping over or rolling the ball between the feet.

At the roll-ball, the defenders have to retreat a minimum of five metres.

A touchdown is scored when an attacking player places the ball on or over the score-line.

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 bio

Who inspires you?

I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist

How do you relax?

Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.

What is favourite book?

The Perks of Being a Wallflower - I think I've read it more than 7 times

What is your favourite Arabic film?

Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki

What is favourite English film?

Mamma Mia

Best piece of advice to someone looking for a career at Google?

If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.  

 

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COMPANY%20PROFILE
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The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

UAE%20PREMIERSHIP
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Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

Results

ATP Dubai Championships on Monday (x indicates seed):

First round
Roger Federer (SUI x2) bt Philipp Kohlschreiber (GER) 6-4, 3-6, 6-1
Fernando Verdasco (ESP) bt Thomas Fabbiano (ITA) 3-6, 6-3, 6-2
Marton Fucsovics (HUN) bt Damir Dzumhur (BIH) 6-1, 7-6 (7/5)
Nikoloz Basilashvili (GEO) bt Karen Khachanov (RUS x4) 6-4, 6-1
Jan-Lennard Struff (GER) bt Milos Raonic (CAN x7) 6-4, 5-7, 6-4

About%20My%20Father
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Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now