Manchester City 2 Swansea City 1
MANCHESTER // Swansea City have lost a Monk but kept a habit. They carry on losing, with or without the dismissed manager Garry Monk.
Manchester City have a routine of their own, and if a ninth home win in 10 games was neither the most convincing, it was dramatic and it restored them to the top of the table.
Swansea are manager-less. They could pronounce themselves luckless, too.
They had shown character and quality to haul themselves level in the 90th minute. But, for the seventh time in eight games at the Etihad Stadium, City scored late.
Yaya Toure’s shot looped up off substitute Kelechi Iheanacho’s back to beat Lukasz Fabianski. It was a cruel conclusion. Swansea scarcely resembled relegation strugglers, but a run of one win in 12 indicates why they are being dragged into trouble.
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This was a tale of Swansea strikers past and present, of Bafetimbi Gomis, who failed to score in Monk’s last 12 games but equalised with an unstoppable shot, and Wilfried Bony, who broke the deadlock.
That they were beaten in part by one of their own felt symbolic: one catalyst in their rise was fired on Wednesday. Another contributed to their defeat yesterday.
Swansea’s year has been bookended by significant departures, with the December dismissal of the strategist Monk following the January sale of the spearhead Bony.
It felt a factor in the manager’s eventual downfall.
Signed for £12 million (Dh69m), sold for an initial £25m, Bony provided proof of Swansea’s transfer-market acumen. Yet, besides the boost to their bank balance, his departure was a deal that has not really benefited either club.
Gomis has been mercurial since taking Bony’s spot and was dropped yesterday, before scoring as a substitute, while the other City have rarely seen the Ivorian at his most incisive.
Yet he is at his most potent in these meetings. Scoring three goals in two games against the title challengers, coupled with the problems his muscular approach caused Vincent Kompany, persuaded Manuel Pellegrini to buy him. Two of his five City league goals have come against his old employers.
He did not celebrate the latest, headed in from Jesus Navas’s corner. Bony remains respectful of a club where his reputation soared, but this was a timely strike – if Sergio Aguero does not recover, he may have booked a start against Arsenal – and these have been a productive few days for scorer and supplier alike.
Impact substitutes against Borussia Monchengladbach on Tuesday, they were influential starters on Saturday. Injuries have meant City’s squad has not had the depth they envisaged in August, but these were two examples of Pellegrini’s rotation succeeding.
His counterpart was a caretaker. Alan Curtis’s reign may span a solitary game before a permanent successor – perhaps Mark Warburton, Ryan Giggs or Gus Poyet but definitely not David Moyes – is installed.
The interim occupant experimented, adopting the vogue tactic against City. Swansea lined up in a 4-3-3-0 formation without a specialist striker. It had proved a spectacular success for Liverpool and Stoke City. It is a formation that Pellegrini’s team may encounter again. While they only scored with a centre-forward on the field, Swansea could deem their systemic switch worthwhile.
They troubled City, especially when they unleashed runners from deep. Joe Hart saved superbly from Wayne Routledge.
Hart turned rescuer again to deny Gylfi Sigurdsson, an inventive, elusive false nine, and amid an unrelenting downpour, City were far from watertight at the back.
There was a familiar fragility. This was the 15th game Kompany did not start and, when Gomis blasted Swansea level, a 15th without a clean sheet. Yet when Iheanacho inadvertently intervened, Swansea’s fortunes remained the same, just minus Monk.
New man at Swansea City needs to have right ethos, says caretaker coach Alan Curtis
MANCHESTER // Swansea City must appoint a manager who understands the club’s style and tradition, says caretaker Alan Curtis.
The Welsh club, who have a passing ethos, dismissed Garry Monk on Wednesday and Ryan Giggs, Mark Warburton, Gus Poyet, Dennis Bergkamp and Roberto di Matteo are all possible replacements.
Each of Swansea’s last five appointments – Roberto Martinez, Paulo Sousa, Brendan Rodgers, Michael Laudrup and Monk – have enjoyed success and Curtis, who is not sure if the 2-1 defeat to Manchester City will be his only game in charge, says it is imperative their next manager does not want to conduct a radical overhaul.
“We have always brought in a manager to suit our style rather than changing everything,” he said. “That may take a bit longer. Whoever it is, the most important thing is to get the right man.”
Former captain Monk had been at the club since 2004, and Curtis said it was hardest to bid him farewell. “It is still Garry’s team,” he said. “We have lost managers in the past but it felt much more personal after 11 years as a player and a manager. Everyone was a little bit sad and determined to get something from the game.”
Swansea were denied a point at the Etihad Stadium by a deflected 92nd-minute winner, when Yaya Toure’s shot struck Kelechi Iheanacho.
“We are bitterly disappointed to come away empty-handed,” Curtis said. “I thought we were excellent and deserved to get something. That performance is the standard. If we maintain that, I am 100 per cent confident we will get out of trouble.”
Manuel Pellegrini said his side did not play well but praised Toure for the driving run and shot that produced the winner.
“He was the player who tried to create things,” the Chilean said.
“He had just come back from an injury and played the whole game in the Uefa Champions League and the whole game today.”
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Poacher
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New Zealand 57-0 South Africa
Tries: Rieko Ioane, Nehe Milner-Skudder (2), Scott Barrett, Brodie Retallick, Ofa Tu'ungfasi, Lima Sopoaga, Codie Taylor. Conversions: Beauden Barrett (7). Penalty: Beauden Barrett
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Korean Film Festival 2019 line-up
Innocent Witness, June 26 at 7pm
On Your Wedding Day, June 27 at 7pm
The Great Battle, June 27 at 9pm
The Witch: Part 1. The Subversion, June 28 at 4pm
Romang, June 28 at 6pm
Mal Mo E: The Secret Mission, June 28 at 8pm
Underdog, June 29 at 2pm
Nearby Sky, June 29 at 4pm
A Resistance, June 29 at 6pm
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The bio
Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
University: Emirates Airline National Cadet Programme and Hamdan University
Job Title: Pilot, First Officer
Number of hours flying in a Boeing 777: 1,200
Number of flights: Approximately 300
Hobbies: Exercising
Nicest destination: Milan, New Zealand, Seattle for shopping
Least nice destination: Kabul, but someone has to do it. It’s not scary but at least you can tick the box that you’ve been
Favourite place to visit: Dubai, there’s no place like home
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
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Company%20Profile
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Company%20Profile
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JOKE'S%20ON%20YOU
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
Pathaan
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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
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
Company profile
Name: Tratok Portal
Founded: 2017
Based: UAE
Sector: Travel & tourism
Size: 36 employees
Funding: Privately funded
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%20Roundup
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UAE currency: the story behind the money in your pockets
SPECS
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Best Foreign Language Film nominees
Capernaum (Lebanon)
Cold War (Poland)
Never Look Away (Germany)
Roma (Mexico)
Shoplifters (Japan)
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FLIP5
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Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
COMPANY%20PROFILE%20
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Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5