Al Ahli were runners-up at the Asian Champions League in 2015. The question is whether they can replicate that form this season. Tom Dulat / Getty Images
Al Ahli were runners-up at the Asian Champions League in 2015. The question is whether they can replicate that form this season. Tom Dulat / Getty Images

UAE No 1 in Asian football rankings, but AGL clubs likely to struggle in Champions League this season



The latest Asian Football Confederation club competitions ranking offered the UAE significant satisfaction.

Released last week, the Emirates topped the standings – one ahead of South Korea, then Qatar, then Saudi Arabia and Japan. Australia were sixth, Iran eighth. A slight change in criteria had benefitted the UAE, given the newest calculations, which back to 2014, are weighted 90 per cent for performance in the Asian Champions League, with the other 10 per cent dictated by the national team’s success. The ratio used to be 70-30.

Clearly, the recent boom in Asia’s premier club competition has been the driving force behind the UAE’s place at the summit: Al Ain semi-finalists in 2014. Al Ahli runners-up in 2015. Al Ain runners-up again last year. It reflects a high point for UAE clubs in the Champions League.

Not since the early years of the tournament’s rebrand, when in 2003 Al Ain became the first – and thus far remain the only – Emirati club to win the competition, has the expectation of a repeat been so great.

__________________________________

Read more:

■ Lowdown: Opponents of Al Ahli, Al Ain, Al Jazira and Al Wahda

■ Al Jazira v Lekhwiya: Ten Cate leaves tired Leonardo out Monday game

■ Al Ahli v Esteghlal: Olaroiu rallies side ahead of Iranian club's visit

__________________________________

Yet, as group stages get under way on Monday, in reality the success of UAE sides this year is much more difficult to gauge. After consecutive finals, another showpiece appearance, or another chance to emulate Al Ain 2003, appears unlikely. At least, for the moment.

Take the country’s four representatives: Al Ain, Ahli, Al Jazira and Al Wahda. Al Ain remain one of the region’s best sides, loaded with UAE internationals and, in Omar Abdulrahman, possess the reigning Asian player of the year. However, the absence of a potent striker ultimately cost them last year, and they have since replaced Douglas with a fading Nasser Al Shamrani. Winger Danilo Asprilla also remains wildly inconsistent, although Al Ain should still advance from their group.

Rivals Ahli are similarly well stocked in UAE internationals, but they go into this campaign with only three registered foreigners. Playmaker Everton Ribeiro is the standout, yet Asamoah Gyan’s form and fitness is a concern, and Makhete Diop, a dependable goalscorer domestically, is untried in the Champions League. They will view Group A as manageable, but at present are some way short of going deep into the tournament.

There are question marks, too, regarding Jazira’s focus. The Abu Dhabi club lead the Arabian Gulf League by nine points with seven rounds remaining, so understandably have prioritised a first domestic top-flight title in six years. After all, it offers an easier route into the Fifa Club World Cup, to take place in the capital later this year. As such, Jazira have omitted Leonardo, the 2016 Champions League winner with Jeonbuk Hyundai Motors, from their continental squad. Nevertheless, they must attempt to improve upon their previous best – the last 16.

Neighbours Wahda, meanwhile, have not fared that well in Asia, either. In six attempts, they have failed to advance from their group and, after qualifying via the play-offs, reside in Group D alongside Al Hilal and Persepolis, leaders domestically in Saudi Arabia and Iran, respectively.

All in all, the Emirati clubs, hamstrung somewhat by a recent reduction in investment, have a tough road ahead. Navigate the groups, though, and the summer can present renewed optimism and substantial reinvestment once more. It is just that, for now, a continuation of this Champions League upsurge seems a notably uphill task.​

jmcauley@thenational.ae

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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
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Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

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The Bio

Favourite place in UAE: Al Rams pearling village

What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft

Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans

Best time to swim in the sea: When there is enough light to see beneath the surface

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
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The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

MATCH INFO

Watford 2 (Sarr 50', Deeney 54' pen)

Manchester United 0

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U19 WORLD CUP, WEST INDIES

UAE group fixtures (all in St Kitts)

  • Saturday 15 January: UAE beat Canada by 49 runs 
  • Thursday 20 January: v England 
  • Saturday 22 January: v Bangladesh 

UAE squad:

Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith  

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.


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