Exiled by Rangers, ignored by nearly all clubs, Charlie has been shown faith by Blackpool.
Exiled by Rangers, ignored by nearly all clubs, Charlie has been shown faith by Blackpool.

Charlie Adam's renaissance has begun at Blackpool



It was not the normal reception granted to a player who has submitted a transfer request.

His name was cheered longest and loudest before he was serenaded in song during the game. Then again, Charlie Adam is not a normal player.

Slow, overweight and with a wand of a left foot, he seems something of a throwback.

But his exploits appear to come from another age. Promoted clubs are supposed to defend and go down quietly, not attack fearlessly.

Blackpool are the anomalies and Adam, their coveted captain, is the personification of an expansive style of play.

A 60-yard, cross-field, outside-of-the-boot, inch-perfect pass to DJ Campbell in the game at West Bromwich Albion may have been the ball of the season.

Ian Holloway, the Blackpool manager, has suggested Adam is the passer Liverpool have lacked since Xabi Alonso left.

In 18 months as a Blackpool player, he has established himself as the best player to grace the Fylde Coast since Jimmy Armfield, who retired in 1971.

"He has helped put us where we should not be," Holloway said. "Charlie will go down in folk history and I might even start carving a statue of him myself. Someone give me a penknife and some wood."

It was a typically colourful offer as part of an increasingly desperate bid to keep Adam. His request to leave was made on Monday and, some 30 hours later, the Bloomfield Road faithful showed their enduring appreciation for his talents.

Both Aston Villa and Liverpool have had £4 million (Dh23.4m) bids rejected - "if he's only worth £4m then I'm a Scotsman called McTavish," his manager said. "Who can I replace him with that kind of money?"

Holloway has cited the £46m cost of relegation and £14m as more accurate valuations.

"He is lighting up the world," he said. "You show me a passer who is better than that. Everybody in the world knows how good he is going to be. But no one rates him as highly as I do."

Plenty of others esteem him, however. Tuesday's 3-2 defeat to Manchester United was, for an hour, a match controlled by Adam.

Paul Scholes, the United midfielder, endured the unusual experience of appearing the lesser playmaker on show and Sir Alex Ferguson said: "In the first half we couldn't stop Charlie Adam."

Many have tried this season, without disrupting his ability to dictate the game. Adam operates in front of the back four, spreading play from the centre circle with mastery. Blackpool's gung-ho tactics have a logic: he can pick out far-flung attackers with enviable precision.

His rise has been as swift as theirs and as improbable. His debut was particularly inauspicious: in February 2009, he was dismissed for stamping on Doncaster Rovers' Richie Wellens in a Championship match.

Exiled from Rangers, the Scottish giants from Glasgow, on loan, the only other bid came from Barnsley when Blackpool bought him for a club record £500,000 that summer.

Born in Dundee, he comes from a footballing family: Charlie Adam Snr played for six Scottish clubs in an unremarkable career. His son, capped six times by his country, has responded to responsibility. "I think having the captain's armband has helped me and matured me in a way," he said.

"You've got to think about your performances a lot more and I'm really honoured to be captain at this club."

After being elevated from the ranks, he led them to promotion, his 19 goals including a free kick at Wembley in the play-off final.

The tally is all the more admirable as Adam began in an advanced midfield role at Bloomfield Road before dropping back to become the deep-lying distributor.

It is a position that has its perils: Adam is not a conventional holding midfielder and it was noticeable that he failed to track Kieran Richardson when the latter scored for Sunderland on Saturday.

And yet he believes his future could incorporate more defensive duties. "I've always wanted to play in centre midfield but I also enjoy playing at centre-half," he said.

"Not a lot of people know that but I honestly think I could play there because I did it when I was younger. A lot of people, especially my dad, think I'll end up playing as a left-sided centre-half."

Results

2pm: Al Sahel Contracting Company – Maiden (PA) Dh50,000 (Dirt) 1,200m; Winner: AF Mutakafel, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

2.30pm: Dubai Real Estate Centre – Maiden (TB) Dh60,000 (D) 1,200m; Winner: El Baareq, Antonio Fresu, Rashed Bouresly

3pm: Shadwell – Rated Conditions (TB) Dh100,000 (D) 1,950m; Winner: Lost Eden, Andrea Atzeni, Doug Watson

3.30pm: Keeneland – Handicap (TB) Dh84,000 (D) 1,000m; Winner: Alkaraama, Dane O’Neill, Musabah Al Muhairi

4pm: Keeneland – Handicap (TB) Dh76,000 (D) 1,800m; Winner: Lady Snazz, Saif Al Balushi, Bhupat Seemar

4.30pm: Hive – Conditions (TB) Dh100,000 (D) 1,600m; Winner: Down On Da Bayou, Royston Ffrench, Salem bin Ghadayer

5pm: Dubai Real Estate Centre – (TB) Handicap Dh64,000 (D) 1,600m; Winner: Lahmoom, Royston Ffrench, Salem bin Ghadayer

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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.”

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Chef Nobu's advice for eating sushi

“One mistake people always make is adding extra wasabi. There is no need for this, because it should already be there between the rice and the fish.
“When eating nigiri, you must dip the fish – not the rice – in soy sauce, otherwise the rice will collapse. Also, don’t use too much soy sauce or it will make you thirsty. For sushi rolls, dip a little of the rice-covered roll lightly in soy sauce and eat in one bite.
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Dos

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3. Hajj 

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