DUBAI // Plans to establish Dubai as a hub of European football transfer activity have been met with scepticism.
More than 50 of the continents' leading football agents met with representatives of the European Clubs Association [ECA], Fifa and Uefa at the inaugural Globe Soccer forum at The Address Dubai Mall this week to discuss, among other issues, the much-maligned international football transfer market.
Tommaso Bendoni, the Globe Soccer organiser, wants the event to develop into the location where all transfer deals are conducted in an effort to improve transparency.
"We want Globe Soccer to be a tangible event where agreements can be finalised via discussions between players, agents, clubs and leagues," said Bendoni. "If football federations make themselves available to finalise agreements, then Globe Soccer can go from a meeting environment to a market arena."
However, the idea of agents thrashing out deals for clubs and players thousands of miles away during the hectic transfer window has, understandably, been dismissed by deal makers.
"Besides being a logistical problem, it is simply not feasible," said Dr Gregor Reiter, the executive director of the German Football Agents Association.
"The way the market is set up it would not work; some deals take weeks, other are done at the last minute.
"The European football transfer system is not like the draft system in the US."
Davide Scapini, the Italian agent who represents several promising Serie A players, including Genoa captain Marco Rossi, also dismissed the concept.
"It would be very difficult or maybe almost impossible to do," he said.
Bruno Satin, the head of IMG's Football Division, added: "The concept already exists in Italy, where a transfer 'mercato' runs for the last three days in August," said.
"It's never been done at an international level before and the problem will be attracting the clubs: we'd need a minimum of 50 to 100 sports directors of top European teams. Only 10 attended.
"It's a question of time and whether this event can become an established annual rendezvous. The Middle East is not officially a player market but a lot of clubs, players and agents are looking to develop their business regionally in places like Qatar, Saudi Arabia and the UAE - it could work."
The idea that the event will become a place for the power brokers in the world of football transfer to convene and discuss topical issues does have support.
"It's a good idea and it's always important to meet people and have discussions about important elements," said Jorge Mendes, who represents the Inter Milan manager, Jose Mourinho, and the Real Madrid forward, Cristiano Ronaldo.
"The most important thing is to try to find the right way to work together and find the best solutions for everybody."
Giovanni Branchini, the agent who can boast the Brazilians, Ronaldo and Romario, among his former clients, concurred.
"The idea is to create a wedding, a marriage for all the important issues of debate to be discussed and where the transfer market activity can be developed," he said.
emegson@thenational.ae
Cracks in the Wall
Ben White, Pluto Press
Building boom turning to bust as Turkey's economy slows
Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.
Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.
The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.
After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.
The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.
The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.
But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.
It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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RESULTS
2pm: Handicap (PA) Dh 40,000 (Dirt) 1,200m
Winner: AF Senad, Nathan Crosse (jockey), Kareem Ramadan (trainer)
2.30pm: Maiden (PA) Dh 40,000 (D) 1,000m
Winner: Ashjaan, Fabrice Veron, Eric Lemartinel.
3pm: Maiden (PA) Dh 40,000 (D) 1,700m
Winner: Amirah, Conner Beasley, Ali Rashid Al Raihe.
3.30pm: Handicap (PA) Dh 40,000 (D) 1,700m
Winner: Jap Al Yaasoob, Szczepan Mazur, Irfan Ellahi.
4pm: Sheikh Mansour bin Zayed Al Nahyan Cup Prestige Handicap (PA) Dh 100,000 (D) 1,200m
Winner: Jawaal, Fernando Jara, Majed Al Jahouri.
4.30pm: Handicap (TB) Dh 40,000 (D) 1,200m
Winner: Manhunter, Ryan Curatolo, Mujeeb Rahman.
The%20specs
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Abu Dhabi GP schedule
Friday: First practice - 1pm; Second practice - 5pm
Saturday: Final practice - 2pm; Qualifying - 5pm
Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm