Hull defiance ended by Drogba



LONDON // Didier Drogba's dramatic and fortunate injury-time winner gave Chelsea a 2-1 victory over Hull on yesterday's opening day of the season, but Carlo Ancelotti was left in no doubt about how difficult the Premier League will be to win. Ancelotti, taking charge of his first league match, saw his side go 1-0 down against unfancied Hull and it was only Drogba's determination, power and a fair slice of luck that saved Chelsea from an embarrassing result.

It was Drogba who equalised Stephen Hunt's opener with a ferocious free-kick before half-time and the Ivorian who, when the match looked to be heading for a frustrating draw, saw his miss-hit cross sail over goalkeeper Boaz Myhill's head and into the net. It was the kind of fortune that helps to win titles, but Ancelotti knows his team will have to improve on this kind of display. Chelsea are title favourites, the theory being that although they have failed to spend big this summer their ability to hang on to all of their key players - something Manchester United, Arsenal and Liverpool were unable to do - would act in their favour. A case of moving ahead just by standing still.

But on the evidence of this match Chelsea may still need to spend to bolster their challenge because they cannot always rely on Drogba to win games on his own. Hull manager Phil Brown admitted he was "bitterly disappointed" not to earn a point after his game plan appeared to work for 91 minutes. Ancelotti was relieved to get Hull out of the way - Luiz-Felipe Scolari was sacked last season after drawing with Hull.

Ancelotti said: "I know that Hull was the last game for Scolari so I spoke very clearly to my players before the match. For sure I was worried and for sure we'll have to improve because we didn't always play well in the match, we made some mistakes. But this is normal. We didn't lose the idea to play and in the end we deserved to win." The difference, of course, was Drogba and the season was only 65 seconds old when striker showed his intentions, firing wide after Essien cut the ball back following a lung-busting run down the right.

But by midway through the half there were enough warning signs to suggest Ancelotti's first game would have its complications. His favoured midfield "diamond" looked anything but polished and on the rare occasion when Hull attacked the Chelsea defence looked uncomfortable. The powerful George Boateng forced Petr Cech into action with a shot from a corner after 26 minutes and then two minutes later the visitors were ahead. This time Boateng's shot took a deflection off Mikel and fell perfectly for Hull's new signing Hunt to score from close range to a chorus of boos.

The Stamford Bridge faithful have never forgiven Hunt for an unfortunate challenge during his Reading days that left Cech with a broken skull and so the goal had extra poignancy. But thankfully for Ancelotti it was not the winner. Chelsea responded with a stunning 20-yard free-kick from Drogba after 37 minutes that left goalkeeper Myhill with no chance. Ancelotti must have been relieved and although his seated celebration gave little away his decision to bring on Michael Ballack for Mikel at half-time highlighted his concerns.

Later in the half, as the game became congested, he tweaked the system again by bringing on Deco for Florent Malouda, a move which only served to confuse the situation. Chelsea, who had gone remarkably close in the 46th minute when Drogba squared to Nicolas Anelka only for the Frenchman to shoot straight at Myhill from close range, ran out of ideas long before the end and Hull looked set to earn a deserved point.

But then Drogba produced his party piece. "I was trying to cross," the striker admitted. "But today we showed we will try till the end of the game. We were lucky to score, but the desire is always there." Only time will tell if desire is enough, but the early indications are that Chelsea will need something more. sports@thenational.ae

MATCH INFO

Manchester United 1 (Rashford 36')

Liverpool 1 (Lallana 84')

Man of the match: Marcus Rashford (Manchester United)

Specs
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At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Veil (Object Lessons)
Rafia Zakaria
​​​​​​​Bloomsbury Academic

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia

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.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

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.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

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.”

The specs: 2017 Ford F-150 Raptor

Price, base / as tested Dh220,000 / Dh320,000

Engine 3.5L V6

Transmission 10-speed automatic

Power 421hp @ 6,000rpm

Torque 678Nm @ 3,750rpm

Fuel economy, combined 14.1L / 100km

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

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