His departure was entirely in keeping with his reign. A magnetic attraction to the headlines was proved even at the last as his sacking dropped an astonishing Manchester derby to the second story on the sports news shows.
For the past six months, it seems as though everyone has been talking about Paolo Di Canio, not least because Paolo Di Canio kept referring to Paolo Di Canio as Paolo Di Canio.
The fondness for the third person made the former Sunderland manager both protagonist and chronicler of the rise and fall of Paolo Di Canio, even if he was alone in being surprised by its swift conclusion.
While every game contained a twist to the tale, the football was the subplot, Di Canio the main drama.
Saturday’s 3-0 defeat to West Bromwich Albion concluded with the Italian marching over to the protesting Sunderland supporters, trying to placate them with a typically expressive range of gestures.
The previous week’s loss to Arsenal was notable for Di Canio asking Martin Atkinson to send him off and to his astonishment, if no one else’s, the referee responding by dispatching him to the stands.
A fortnight earlier, the 3-1 setback at Crystal Palace – the promoted club’s only points of the season – may be remembered most for Di Canio’s outspoken post-match criticism of captain John O’Shea and striker Ji Dong-won.
Then a manager whose squad already featured 11 summer signings spoke of the need for new faces. Three more duly came, taking the total of arrivals to 14.
And this is why, no matter how poor Sunderland’s performances were as they mustered a solitary point from their opening five fixtures, how bad the dismissed Italian’s man-management skills were or how preposterous a character he appeared, this is not just about Paolo Di Canio.
While they have been obscured by the flamboyant extrovert on the touchline, chief scout Valentino Angeloni and director of football Roberto De Fanti must share the responsibility for a shocking start and a spending spree that already looks misguided.
After Roy Keane and Martin O’Neill, in particular, invested in overpriced British players, a change of policy was understandable. Yet Sunderland swung to the other extreme; too many of their unheralded imports already look unsuitable.
Besides assembling a cast of strangers, the sense was that they ignored two other factors. Firstly, aided by increased television revenue, their peers last season were able to strengthen significantly.
Southampton, Norwich and Aston Villa, who all finished in the lower half of the table, invested while Sunderland, big spenders in the past, spent the summer scouring Europe for bargains, oblivious to their improving rivals.
Secondly, their dealings left them weaker in several positions. The Black Cats' outstanding outfield player last season, Danny Rose, was only on loan from Tottenham Hotspur anyway. Their impressive goalkeeper, Simon Mignolet, was sold to Liverpool. Then Stephane Sessegnon, their greatest creative talent, albeit one who only performed sporadically last season, was allowed to join West Brom on deadline day.
After Di Canio criticised Sessegnon’s attitude, it was inevitable the flair player should score against his former employers. It was a moment that summed up Di Canio’s season, his capacity to be wrong, the probability his decisions would backfire and his ability to alienate his players, whether past or present, whenever he opened his mouth.
Yet the reality is that few of the 14 newcomers possess similar pedigree or talent to Sessegnon. Emanuele Giaccherini, the Italy international, is a high-quality recruit, the American Jozy Altidore a much-improved player and the South Korean Ki Sung-yeung an able addition to the midfield.
The broader issue, though, is that Sunderland have bought quantity, not quality, making them more reliant on a small core of proven Premier League players such as O’Shea and Steven Fletcher.
It is why Di Canio’s successor faces a tough task. This particular league table does not lie.
The hardest home games are frontloaded on the fixture list, so they risk being cast adrift at the bottom of the division. The Italian was the quick-fix who saved them from relegation last season but now short-term gain may lead to long-term pain.
Di Canio’s departure leaves a huge void, if only because the attention was focused on him. Without his outsized personality, there may be nothing to camouflage the failings of Sunderland’s squad.
sports@thenational.ae
Results
1. Mathieu van der Poel (NED) Alpecin-Fenix - 3:45:47
2. David Dekker (NED) Jumbo-Visma - same time
3. Michael Morkov (DEN) Deceuninck-QuickStep
4. Emils Liepins (LAT) Trek-Segafredo
5. Elia Viviani (ITA) Cofidis
6. Tadej Pogacar (SLO UAE Team Emirates
7. Anthony Roux (FRA) Groupama-FDJ
8. Chris Harper (AUS) Jumbo-Visma - 0:00:03
9. Joao Almeida (POR) Deceuninck-QuickStep
10. Fausto Masnada (ITA) Deceuninck-QuickStep
The Bio
Favourite place in UAE: Al Rams pearling village
What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft
Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans
Best time to swim in the sea: When there is enough light to see beneath the surface
If you go:
Getting there:
Flying to Guyana requires first reaching New York with either Emirates or Etihad, then connecting with JetBlue or Caribbean Air at JFK airport. Prices start from around Dh7,000.
Getting around:
Wildlife Worldwide offers a range of Guyana itineraries, such as its small group tour, the 15-day ‘Ultimate Guyana Nature Experience’ which features Georgetown, the Iwokrama Rainforest (one of the world’s four remaining pristine tropical rainforests left in the world), the Amerindian village of Surama and the Rupununi Savannah, known for its giant anteaters and river otters; wildlifeworldwide.com
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
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FIGHT CARD
Bantamweight Hamza Bougamza (MAR) v Jalal Al Daaja (JOR)
Catchweight 67kg Mohamed El Mesbahi (MAR) v Fouad Mesdari (ALG)
Lighweight Abdullah Mohammed Ali (UAE) v Abdelhak Amhidra (MAR)
Catchweight 73kg Mostafa Ibrahim Radi (PAL) v Yazid Chouchane (ALG)
Middleweight Yousri Belgaroui (TUN) v Badreddine Diani (MAR)
Catchweight 78kg Rashed Dawood (UAE) v Adnan Bushashy (ALG)
Middleweight Sallaheddine Dekhissi (MAR) v Abdel Emam (EGY)
Catchweight 65kg Rachid Hazoume (MAR) v Yanis Ghemmouri (ALG)
Lighweight Mohammed Yahya (UAE) v Azouz Anwar (EGY)
Catchweight 79kg Omar Hussein (PAL) v Souhil Tahiri (ALG)
Middleweight Tarek Suleiman (SYR) v Laid Zerhouni (ALG)
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.”
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
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
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