It is one of the most important dates in the Manchester United calendar. January 7 is the day the Red Devils took a decisive turn from underachievers to success story. January 7 was when an under-pressure manager was set on the path to silverware and, after he started winning it, he just did not stop.
David Moyes must hope history repeats itself. It was January 7, 1990, when United, without a win in eight games, travelled to Nottingham Forest in the FA Cup. Mark Robins scored the goal that has gone down in folklore as saving Sir Alex Ferguson’s job, even if the United directors have continued to insist they were not about to sack him.
On January 7, 2014, another struggling Scot needs his Mark Robins moment to set up his first trophy. The English League Cup offers the only realistic opportunity this season and United visit Sunderland for tonight’s semi-final first leg. Like Ferguson 24 years ago, Moyes is waiting for the turning point in his reign. Like his compatriot then, his stock has never been lower.
Ferguson went on to win the FA Cup in 1990 and, in his parting address to the Old Trafford crowd in May, alluded to his darkest days.
“When I had bad times here the club stood by me,” he said. “All my staff stood by me, the players stood by me, you stood by me, and your job now is to stand by our new manager.”
So far most have, with considerable patience, despite plumbing depths that only long-standing fans can remember. Yet while internet message boards hum with the sound of dissent and social networking sites are populated by fans decrying the manager, the match-going public have remained remarkably loyal. There was a sprinkling of boos after Swansea City knocked United out of the FA Cup on Sunday but it was a fourth home defeat in a month.
As Moyes said, a club that used to set Europe ablaze with attacking football has had a damp squib of a campaign.
“It’s not just this period,” he said. “Near enough since the start of the season we have never really caught fire. We’ve had moments, bits of good play and some good results but not really as consistent or reliable as we’d like to be. We have to look into a lot of things.”
Tactics, team selection and transfer-market failings are principal among them. Moyes’s attempts to rest players against Swansea backfired and he is likely to recall David de Gea, Patrice Evra, Nemanja Vidic and Michael Carrick at the Stadium of Light. If fit, Wayne Rooney also will be back. More important than any player would be the return of the never-say-die attitude and winning mentality that United have mislaid under Moyes.
The greatest display of defiance came from reserve goalkeeper Anders Lindegaard. It did not come on the pitch but in front of a couple of microphones. He said: “Manchester United is not going to realign if what you mean by that is starting to look lower. That is not going to happen. This club, look at the history, is the most successful club in English football. That is not going to change. It is how it is. It is in the genes of the club.”
That seemed Ferguson’s legacy. The 1990 FA Cup was the first of 38 trophies he won at Old Trafford. The catalyst for the first has tended to deflect credit. “Retrospectively, you look at it and he saved his own job,” Robins said.
On the 24th anniversary of the most famous goal of Ferguson’s reign, it is up to Moyes to emulate his predecessor and fashion his own future.
sports@thenational.ae
ESSENTIALS
The flights
Emirates, Etihad and Swiss fly direct from the UAE to Zurich from Dh2,855 return, including taxes.
The chalet
Chalet N is currently open in winter only, between now and April 21. During the ski season, starting on December 11, a week’s rental costs from €210,000 (Dh898,431) per week for the whole property, which has 22 beds in total, across six suites, three double rooms and a children’s suite. The price includes all scheduled meals, a week’s ski pass, Wi-Fi, parking, transfers between Munich, Innsbruck or Zurich airports and one 50-minute massage per person. Private ski lessons cost from €360 (Dh1,541) per day. Halal food is available on request.
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
UAE currency: the story behind the money in your pockets
The Two Popes
Director: Fernando Meirelles
Stars: Anthony Hopkins, Jonathan Pryce
Four out of five stars
COMPANY%20PROFILE
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Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
Killing of Qassem Suleimani
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.”
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia