Tito Vilanova had a surgery last year to remove a tumour but has suffered a relapse.
Tito Vilanova had a surgery last year to remove a tumour but has suffered a relapse.

Barcelona coach Tito Vilanova faces more time off for cancer treatment



Barcelona confirm coach to have surgery today followed by chemotherapy, writes Ian Hawkey

Tito Vilanova, the Barcelona coach, was due to have an operation today as he suffered a relapse just over a year after having surgery to remove a cancerous tumour from a salivary gland.

The Spanish league leaders cancelled a news conference scheduled for yesterday lunchtime with the Barcelona president Sandro Rossell as reports of Vilanova’s condition emerged.

The club last night issued a statement saying: “An extension of the pathology has been detected in [Vilanova’s] parotid gland.

The manager requires surgery which he will undergo this Thursday. He is expected to remain in hospital for three to four days.

“After the surgery, Francesc ‘Tito’ Vilanova will undergo chemotherapy and radiation treatment for approximately six weeks.

During this time, and depending on how well he recovers, Vilanova's treatment may be compatible with his work life.
"Keeping in line with the patient's wishes, we urge respect and privacy during this process."

Vilanova was announced as Pep Guardiola's replacement in April on a two-year contract. One of the first points raised in private by journalists was Vilanova's health.

The 44 year old had emergency surgery to remove a tumour on his parotid gland – the largest of the salivary glands – in November 2011 and was absent from Barca’s bench as Guardiola’s assistant for two months.

Fears subsided over his health and his inexperience when he eventually took charge – and his side got off to a winning start. And they have not stopped winning.

Sixteen league games into the season, Barca have won 15 and drawn once. It is the best start to the league in Spanish football history, a winning formula which has exceeded all expectations.

Players have praised Vilanova’s management style. It is less intense than the man he replaced and it works. So everyone at the club was shocked to hear yesterday that Vilanova had suffered a relapse. He found that out during a recent medical check-up.

Speaking recently on Spanish television about his cancer treatment last year, Vilanova said: “The one lesson you learn is that it can happen to anyone, even if you look after yourself. Life can change completely from one day to another.

“The people who suffer from this can only try to be strong as possible and the environment they are in can help a lot. They need to rest and not come back to work so soon like I did.”

Everyone will be wishing him well.

sports@thenational.ae

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In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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4.15pm: Sheikh Hamdan bin Rashid Cup Handicap (TB) Dh200,000 1,700m.

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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.

CHELSEA'S NEXT FIVE GAMES

Mar 10: Norwich(A)

Mar 13: Newcastle(H)

Mar 16: Lille(A)

Mar 19: Middlesbrough(A)

Apr 2: Brentford(H)