Leicester City manager Claudio Ranieri shown with his players after their Premier League win over Newcastle on Monday night. Tim Keeton / EPA / March 14, 2016
Leicester City manager Claudio Ranieri shown with his players after their Premier League win over Newcastle on Monday night. Tim Keeton / EPA / March 14, 2016

Claudio Ranieri: ‘Never speak about the title’ even as Leicester City pile up points



Leicester City manager Claudio Ranieri said he was still refusing to look at the Premier League table despite his team re-establishing a five-point lead by beating Newcastle United 1-0.

Shinji Okazaki’s stunning 25th-minute overhead bicycle kick gave Leicester a hard-earned 1-0 win at the King Power Stadium on Monday and left them needing 20 points from their final eight games to complete one of the most improbable title triumphs in the history of European football.

But while teams like Arsenal and Manchester City continue to flounder in their slipstream, Ranieri was insistent that neither he nor his players are allowing themselves to think about the title.

“I don’t look at the table. I look at the next match – Crystal Palace,” he told his post-match press conference.

“It’s difficult. We want to enjoy, we want to continue. Of course our fans are dreaming, are so proud of us. We must continue.”

Read more: Leicester City rise to the top of the table will be tough to replicate, writes Richard Jolly

Also see: By the numbers, at least, Arsenal not Spurs are likeliest to leapfrog Leicester, writes Thomas Woods

He added: “Never we speak about the title. Every time we speak about our performance, how we enjoy the football and helping our teammates. I’m very proud when I say everyone helps each other.”

Okazaki’s goal, a textbook overhead volley from Jamie Vardy’s knock-down, took the Japan striker’s tally to six goals for the campaign, but Ranieri made a point of praising his all-round contribution.

“I’m not pleased now because he scored a goal – I’m so pleased with Shinji because he’s part of the team and he works so hard every time,” he said.

“He scored a goal tonight, but Shinji has made a fantastic job during all the season. It was a good goal, a fantastic goal.”

Leicester’s last three wins, against Norwich City, Watford and Newcastle, have all come by a 1-0 scoreline and Ranieri was heartened by the gritty attitude shown by his players.

“I know very well we played better maybe against Aston Villa or West Bromwich, but we drew both these matches,” he said.

“We played well and we achieved just one point. We played our match (against Newcastle), a tough match, very concentrated, and we won – three points.

“At this point of the season, the points are important, not how you play.”

With new manager Rafa Benitez furiously orchestrating his charges from the edge of his technical area, Newcastle produced an improved display and Ranieri said that he had not been surprised by their tenacity.

“I was sure it would be this kind of match,” said the Italian, who, like Benitez, counts Napoli, Valencia, Chelsea and Inter Milan among his former clubs.

“Their players showed Rafa their attitude and the Newcastle players are very good. I am sure that they will be safe.”

It was a fourth successive loss for Newcastle, but Benitez underlined the “positives” from his side’s battling display, which he identified as their “passion” and “commitment”.

He now faces a pivotal pair of fixtures against fellow strugglers, with Sunday’s derby at home to Sunderland followed by a trip to Norwich City, and he urged the supporters to throw their weight behind the team.

“We know our next game against Sunderland is a derby and it will be important for everyone, but I have a feeling the fans are really good and they are the number 12 for the next game,” said the former Liverpool manager, who replaced the sacked Steve McClaren on Friday.

“We have plenty of things to do and they need to rest and work hard. I like the people, the staff, the fans and everyone is behind the club.

“Everything is positive, but now we have to give them what they want on the pitch.”

He added: “The players have to play without anxiety, because then they will make more mistakes.

“They have to play with great commitment, like today, but they have to use their brains and try and play good football.”

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

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Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

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The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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