Wolfsburg's Edin Dzeko, now with Manchester City, looks glum as his side head to defeat against Energie Cottbus last month.
Wolfsburg's Edin Dzeko, now with Manchester City, looks glum as his side head to defeat against Energie Cottbus last month.

Much at stake in battle of the Hoeness brothers



It was always set to be a big day for the Hoeness brothers, the Bundesliga resuming this weekend: Uli, 59, against Dieter, 58, in the battle of executives. The elder Hoeness spent the new year pondering criticism from Franz Beckenbauer, his club president, over his role in a frothing controversy about Bayern's goalkeeping position.

Dieter, who has the same job at Wolfsburg that Uli Hoeness holds at Bayern, that of general manager, has a weightier burden on his shoulders: To show that the €40 million (Dh196.6m) he spent last summer can yield something better than a relegation battle.

Wolfsburg and Bayern are the season's biggest underachievers so far. The Wolves, who invested more money than any other German club in new signings six months ago, sit 13th in the table; Bayern, defending champions, are only fifth. "It shows how tough a league the Bundesliga is," said Steve McClaren, the Wolfsburg coach, whose background is mainly in his native English football. "It's like the Premier League in that sense. There really are no easy games."

Certainly, none of McClaren's last nine fixtures have been. It is that long since Wolfsburg won. McClaren himself seemed to be facing dismissal, only half a season into his Bundesliga adventure, just before Christmas when Wolfsburg fell out of the German Cup at the hands of second-division Energie Cottbus.

Dieter Hoeness, who had recruited the former England manager fresh from leading Twente Enschede to the Dutch Eredivisie title, decided McClaren should stay, but with a stark proviso. "We will look at a major restructure of the squad next summer," Dieter Hoeness said. Quite where that leaves McClaren is unknown.

The other major decision of the winter break has been to sell the Wolfsburg captain, Edin Dzeko.

Dzeko, the leading scorer in the Bundesliga in 2009/10, has gone for €35m to Manchester City. "We have to move on now," McClaren said. His trouble is that he does so from a weak position, with his long-term future in considerable doubt. Even his short-term prospects are cloudy, simply because of the fixture list. After meeting the champions, Wolfsburg must play second-placed Mainz and then table-topping Borussia Dortmund.

"Nothing's easy," McClaren said. "It's important we look forward to these games.

"The players are all disappointed with how the first half of the season went."

In that, McClaren would hear encouraging echoes from his personnel. "The coach has the players' confidence," the goalkeeper Diego Benaglio said. "We know he's a good coach."

Said Simon Kjaer, the Danish defender and one of the costly recruits of the summer, at €16m: "I like working with Steve McClaren. He's one of those coaches whose work in the practice ground is very thorough and points directly at what you need to do in games."

Over in Uli Hoeness's lair, Bayern's January has been marked by one major controversy. Coach Louis van Gaal intends to install Thomas Kraft, 22, as his No 1 goalkeeper, promoting him above Hans-Jorg Butt, the 36-year-old veteran. Beckenbauer is one of several senior Bayern loyalists to have criticised the decision, and accused Uli Hoeness of mismanaging the potential recruitment of an established goalkeeper, such as Manuel Neuer of Schalke, as Butt's successor. Kraft is untried in the Bundesliga.

The issue has become political, with Van Gaal entrenched, defending an unpopular decision, with the club's overlords, such as Hoeness and Beckenbauer, in open dispute. As the former Bayern keeper Oliver Kahn told the newspaper Bild, "it may be that Van Gaal now feels he needs to prove his independence in team selection. But, personally, I think the team is safer with Butt. You just don't know how Kraft will respond to the pressure." Of one blessing, young Kraft can be thankful: at least he will not be facing the prolific Dzeko this afternoon.

Company%20Profile
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DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

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COMPANY%20PROFILE
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Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

How it works

Each player begins with one of the great empires of history, from Julius Caesar's Rome to Ramses of Egypt, spread over Europe and the Middle East.

Round by round, the player expands their empire. The more land they have, the more money they can take from their coffers for each go.

As unruled land and soldiers are acquired, players must feed them. When a player comes up against land held by another army, they can choose to battle for supremacy.

A dice-based battle system is used and players can get the edge on their enemy with by deploying a renowned hero on the battlefield.

Players that lose battles and land will find their coffers dwindle and troops go hungry. The end goal? Global domination of course.

COMPANY%20PROFILE
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How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding

Get Out

Director: Jordan Peele

Stars: Daniel Kaluuya, Allison Williams, Catherine Keener, Bradley Whitford

Four stars

Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
COMPANY%20PROFILE
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A%20MAN%20FROM%20MOTIHARI
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The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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