When Shanghai Port paid almost $100 million to sign Oscar from Chelsea in 2016, the London club's coach Antonio Conte expressed concern over the rise of the Chinese Super League.
Now Oscar is one of the few big names left in the Chinese Super League, with Saudi Arabia surpassing it as the Asian competition attracting the ire of football figures in Europe.
Saudi Pro League champions Al Hilal beat off competition from European clubs earlier this month to sign Brazilian playmaker Matheus Pereira from West Bromwich Albion.
English football broadcaster Noel Whelan was not impressed, telling Football Insider. “From a football side of things, you’re taking yourself out of the spotlight, but you’re gaining financially … you’re certainly not showcasing yourself as you would do in Europe.”
The social media reaction was similar to when players were leaving Europe for China five years ago, although the amounts paid by Saudi clubs have not matched the peaks hit by Shanghai, Beijing and Guangzhou. China was the world’s highest spending league in the 2017 winter transfer window, splashing out around $457 million.
A combination of tougher government regulations, including a so-called transfer tax that aimed to reduce spending, and China's Covid-19 pandemic restrictions have changed the domestic football landscape. A number of Brazilians have had to quit Chinese clubs, with former Barcelona midfielder Paulinho and Talisca headed to Saudi Arabia.
“It was an honour to play for a big club like Guangzhou in China but I'm very happy to be in Saudi Arabia,” Talisca said after joining Al Nassr. “There are a lot of great players coming here and the league has a lot of potential to grow. It's an exciting time to be here.”
Saudi Arabia has long had ambitions to become Asia’s leading league. In 2018, Turki Al-Asheikh, then chairman of the government-run General Sports Authority, said the target was for the Saudi league to become one of the top leagues in the world by 2020.
The global pandemic has affected the goals but the country has some advantages over China in terms of attracting players.
“Saudi Arabian football is more established at the club level … and also at international level,” Simon Chadwick, Professor of Eurasian Sport at Emlyon Business School, told The Associated Press. “There is a passionate intensity for the sport which makes it a legitimate destination for players from around the world.”
Saudi Arabia has five World Cup appearances and three Asian titles compared with China’s one trip to the game's global showpiece.
Pereira replaces former Italian international Sebastian Giovinco at Al Hilal, an Asian powerhouse with three continental championships. He joins former French international striker Bafetimbi Gomis, top scorer last season, Peruvian winger Andre Carrillo and new signing Moussa Marega from Porto.
Riyadh rival Al Nassr signed Argentina’s Pity Martinez in 2020 for $18m and before the new season added Cameroon international Vincent Aboubakar from Porto and Argentina’s Ramiro Funes Mori from Villarreal.
There's been a similar pattern with coaches. In recent years some of the best in the world headed to China, including former World Cup winners Marcello Lippi and Luiz Felipe Scolari as well as Fabio Capello, Felix Magath, Sven-Goran Eriksson and Manuel Pellegrini.
There's been a drift west in recent seasons. Leonardo Jardim, who led Monaco to the 2017 French title, and former Brazil manager Mano Menezes are working with Saudi clubs this season.
There are issues to resolve, though, with some clubs relying on wealthy donors and state support.
In 2018, Crown Prince Mohammed bin Salman intervened with $340m to cover debts owed by Saudi Professional League clubs. The real test, according to Chadwick, will be long-term sustainability.
“There have been several state bailouts but there is a desire to float the clubs and expose them to the pressures of the marketplace, to force them to become more financially disciplined and commercially orientated,” Chadwick said. “There is an optimism and a buoyancy around Saudi Arabian football that is not without foundation.”
Saudi Arabia is growing its off-field influence, too, developing close links with Fifa's leadership. There's been speculation about a potential World Cup bid in 2030, and the Saudi football federation made headlines recently when it called for a study into hosting the World Cup every two years.
Company profile
Name: Steppi
Founders: Joe Franklin and Milos Savic
Launched: February 2020
Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year
Employees: Five
Based: Jumeirah Lakes Towers, Dubai
Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings
Second round raised Dh720,000 from silent investors in June this year
COMPANY PROFILE
Name: Rain Management
Year started: 2017
Based: Bahrain
Employees: 100-120
Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Skewed figures
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.
The figures behind the event
1) More than 300 in-house cleaning crew
2) 165 staff assigned to sanitise public areas throughout the show
3) 1,000 social distancing stickers
4) 809 hand sanitiser dispensers placed throughout the venue
What is an ETF?
An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.
There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.
The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.
There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.
While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash.
The five types of long-term residential visas
Obed Suhail of ServiceMarket, an online home services marketplace, outlines the five types of long-term residential visas:
Investors:
A 10-year residency visa can be obtained by investors who invest Dh10 million, out of which 60 per cent should not be in real estate. It can be a public investment through a deposit or in a business. Those who invest Dh5 million or more in property are eligible for a five-year residency visa. The invested amount should be completely owned by the investors, not loaned, and retained for at least three years.
Entrepreneurs:
A five-year multiple entry visa is available to entrepreneurs with a previous project worth Dh0.5m or those with the approval of an accredited business incubator in the UAE.
Specialists
Expats with specialised talents, including doctors, specialists, scientists, inventors, and creative individuals working in the field of culture and art are eligible for a 10-year visa, given that they have a valid employment contract in one of these fields in the country.
Outstanding students:
A five-year visa will be granted to outstanding students who have a grade of 95 per cent or higher in a secondary school, or those who graduate with a GPA of 3.75 from a university.
Retirees:
Expats who are at least 55 years old can obtain a five-year retirement visa if they invest Dh2m in property, have savings of Dh1m or more, or have a monthly income of at least Dh20,000.
BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Mountain%20Boy
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PRO BASH
Thursday’s fixtures
6pm: Hyderabad Nawabs v Pakhtoon Warriors
10pm: Lahore Sikandars v Pakhtoon Blasters
Teams
Chennai Knights, Lahore Sikandars, Pakhtoon Blasters, Abu Dhabi Stars, Abu Dhabi Dragons, Pakhtoon Warriors and Hyderabad Nawabs.
Squad rules
All teams consist of 15-player squads that include those contracted in the diamond (3), platinum (2) and gold (2) categories, plus eight free to sign team members.
Tournament rules
The matches are of 25 over-a-side with an 8-over power play in which only two fielders allowed outside the 30-yard circle. Teams play in a single round robin league followed by the semi-finals and final. The league toppers will feature in the semi-final eliminator.
Ad Astra
Director: James Gray
Stars: Brad Pitt, Tommy Lee Jones
Five out of five stars
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
Results
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David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
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MATCH INFO
AC Milan v Inter, Sunday, 6pm (UAE), match live on BeIN Sports
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
UAE currency: the story behind the money in your pockets
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Women’s T20 World Cup Asia Qualifier
ICC Academy, November 22-28
UAE fixtures
Nov 22, v Malaysia
Nov 23, v Hong Kong
Nov 25, v Bhutan
Nov 26, v Kuwait
Nov 28, v Nepal
ICC T20I rankings
14. Nepal
17. UAE
25. Hong Kong
34. Kuwait
35. Malaysia
44. Bhutan
UAE squad
Chaya Mughal (captain), Natasha Cherriath, Samaira Dharnidharka, Kavisha Egodage, Mahika Gaur, Priyanjali Jain, Suraksha Kotte, Vaishnave Mahesh, Judit Peter, Esha Rohit, Theertha Satish, Chamani Seneviratne, Khushi Sharma, Subha Venkataraman
