Baltimore Colts' full-back Alan Ameche, on ground at left, lies in the end zone at the Yankee Stadium after his overtime touchdown defeated the New York Giants, 23-17, 50 years ago.
Baltimore Colts' full-back Alan Ameche, on ground at left, lies in the end zone at the Yankee Stadium after his overtime touchdown defeated the New York Giants, 23-17, 50 years ago.

The match that lifted gridiron to new heights



Fifty years ago the New York Giants and Baltimore Colts took the National Football League title game to sudden death and launched American football on a ride to the top of US sport with what came to be known as 'the Greatest Game Ever Played'. Tomorrow's golden anniversary of that 23-17 upset win by a Colts team, led by the young quarterback Johnny Unitas, has inspired a huge collection of books, a television retrospective and musings on how far the sport has come.

"A crowning moment at the right time," the Pro Football Hall of Fame spokesman Joe Horrigan said. "It lifted the game to new heights." Television networks saw the sport's potential as entertainment on the small screen, entrepreneurs figured there was room for expansion and the game went on a dizzying growth spurt that matured into a business with $7billion (Dh25.7bn) in revenues last year. The contest showcased 15 future Hall of Famers, including Baltimore's Unitas, the wide receiver Raymond Berry and running back/receiver Lenny Moore, and New York half-back Frank Gifford, linebacker Sam Huff and defensive end Andy Robustelli.

The Baltimore coach Weeb Ewbank, who later led the underdog New York Jets to a 1969 Super Bowl triumph over the Colts, also ended up in the Hall, as did the Giants' offensive and defensive coordinators Vince Lombardi and Tom Landry. The see-saw struggle at the Yankee Stadium produced the first fifth quarter in the professional game, which ended with full-back Alan Amache's one-yard plunge into the end zone. Network rights to broadcast the 1958 game fetched $100,000. The NFL now gets $3.7bn a year from TV contracts.

Despite a slew of fumbles, the game had drama, controversy and a unique ending, grabbing attention at a time when baseball ruled and professional American football was secondary to the college game. "Sometimes things just align," Horrigan said. "It just brought everything into alignment." The NFL brought Moore, Berry, Gifford and the New York placekicker teammate Pat Summerall together to reminisce about the game.

"More TV sets turned on to see a football game played in the fifth quarter," Gifford said. "All the New York newspapers were on strike that week so it got more attention nationally. More national papers sent reporters." Unitas drove the Colts 86 yards in the closing minutes, throwing repeatedly to Berry to set up a 20-yard field goal with seven seconds left that tied the game 17-17. "It was kind of like the advent of what teams call the two-minute drill that Unitas perfected," Moore said. "The way he kind of took over for us to get that tying score."

Baltimore staged that drive after stopping Gifford short of a first down on a controversial play. Gifford felt he had made the first down but was denied an accurate spotting of the ball when Baltimore's huge defensive lineman Big Daddy Lipscomb dived into the pile and fell on teammate Gino Marchetti, who howled in pain from a broken leg. "The referee came over, took the ball from me and went and helped Marchetti up," recounted Gifford. "Then he came back and spotted the ball."

The ball was placed short of the first down and New York punted back to Baltimore. "That just increased the aura around this game," Gifford said. Gifford and Summerall both enjoyed long careers in sports broadcasting after their playing careers. Summerall said the game underlined the NFL's appeal. "A game that was almost designed for TV, with timeouts, a half-time and huddles that allowed for people to talk about the strategy for the next play. It was made for television," he said.

Gifford noted that the NFL had 12 teams with 35-man rosters compared to 32 franchises with 53-man rosters today, and said the game inspired others to get involved. "Lamar Hunt at age 27 went to the NFL wanting an expansion franchise," he said. "When he couldn't get a franchise he went out and built one. He knew there were plenty of players." Hunt helped to form the American Football League that began play in 1960. "Lamar was a teammate of mine at SMU [Southern Methodist University]," recalled Berry. "I had no idea his father was a rich oil man."

Bidding wars for players led the leagues in 1966 to agree to merge and stage a title game at the end of the 1966 season that became known as the Super Bowl. By then, the NFL had already begun its run as the most popular sport in the US, according to the Harris Poll. Berry remembered an indelible moment after the 58 game. "I think back to Bert Bell after the game," he said. "He had tears in his eyes. I had been in the league for four years and I was looking at the commissioner of the NFL and wondered what chord had been struck.

"I think he had understood what a tremendous thing had happened to the league he had run for so long." * Reuters

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 White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Where to buy

Limited-edition art prints of The Sofa Series: Sultani can be acquired from Reem El Mutwalli at www.reemelmutwalli.com

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