Roberto Soldado shields the ball from a Sevilla defender in a Copa del Rey match last month.
Roberto Soldado shields the ball from a Sevilla defender in a Copa del Rey match last month.

Roberto Soldado soldiers on



"Work hard. Do everything they tell you. Eventually you'll succeed." A cliche handed down by our elders? Perhaps. But Roberto Soldado would probably agree, because, for much of his life, he did everything right. He still does. Watch him play and you will see movement, intelligence and textbook technique, enough to turn him into a viable Primera Liga centre forward. What you won't see, however, is a star.

Because there are liz0mits to what you can learn, the pendulum in the "nature v nurture" debate does not swing all the way to the latter. If it did, he'd be one of the best strikers in the world. It wasn't always like that. Blessed with good - but not great - skills, his application and his understanding were always his strong points. He had a knack for the simple, just being in the right place at the right time, and he translated it into goals, plenty of them.

Having set multiple records for his local side, Don Bosco, on the outskirts of Valencia, he moved to Real Madrid's legendary cantera at the age of 15. It was supposed to be his finishing school and, in many ways, it was. At 17 he made his debut appearances for Real Madrid B, scoring seven times, mostly from the bench. The following year he became a regular as the side battled for promotion to Segunda A, the second tier of Spanish football. They narrowly missed out, but Soldado nevertheless was among the leading scorers with 16 goals.

That summer, he joined up with the Spanish Under 19 side at the European Championship in Switzerland. He guided a gifted side who included future Spanish internationals such as Raul Albiol, Sergio Ramos and David Silva all the way to the final, where they defeated Turkey, 1-0. By this point, Real fans were genuinely excited. He could be the next great striker to come out of the cantera after the emergence of Raul a decade earlier.

Their enthusiasm was further stoked the following season, as he scored 21 goals in Real Madrid B's triumphant promotion run to the Segunda A. The pundits predicted it was just a matter of time before he'd be called up to the first team and they weren't wrong. He made several appearances in the Champions League and ended up turning out 11 times in La Liga. All this while doing double duty with Real Madrid B, scoring 19 goals along the way.

That summer, Fabio Capello rolled into town. "He needs to play," was his verdict on Soldado. So off he went on loan to Osasuna, where he immediately was given his own nickname - "Gudari", which means "soldier" - and won a place in the hearts of supporters. He scored 11 goals, many of them real gems, but, according to one critic, the kind of strikes that "are the result of practice, not genius". The following season he returned to Real, but attracted little interest - and even less opportunities - from manager Bernd Schuster.

He played just 137 minutes of league football that year as the club pretty much wrote him off. The things he did well were things that can be taught. Better to find a guy with natural skills and teach him the other stuff, rather than this Soldado guy, because you can't teach things like skill and pace. That was the message from above and so he was unceremoniously shipped out in the summer of 2008, sent to little Getafe in exchange for ?4million (Dh20m).

And then a funny thing happened. Hard work won out. He scored 13 goals as Getafe managed to avoid relegation. The simplicity of his game, so underappreciated at Real, became prized on a team like Getafe, with their no-frills approach. The scoring has continued this year - he has 12 already - helping the club solidly establish itself in mid-table. He has proved his point. You don't need to look like a star or act like a star to make it in Spanish football.

Maybe the elders were right. Maybe "hard work" really does bring great rewards. sports@thenational.ae

Drivers’ championship standings after Singapore:

1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68

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.”

COMPANY%20PROFILE%20
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Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

THE DEALS

Hamilton $60m x 2 = $120m

Vettel $45m x 2 = $90m

Ricciardo $35m x 2 = $70m

Verstappen $55m x 3 = $165m

Leclerc $20m x 2 = $40m

TOTAL $485m

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800

The Kingfisher Secret
Anonymous, Penguin Books

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Schedule
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The specs

Engine: 2.0-litre 4-cyl turbo

Power: 247hp at 6,500rpm

Torque: 370Nm from 1,500-3,500rpm

Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

Price: from Dh94,900

On sale: now