Tragedy changes the McNair legacy



They will never remember Steve McNair the way they should now. That's the price you pay when your life falls apart in public not long after your football life has ended. When police in Nashville found the 36-year-old former four-time Pro Bowl quarterback dead in his home, four bullet holes in him and his 20-year-old girlfriend lying at his feet with a single, self-inflicted gunshot wound, all from the same gun, everything about the legacy he might have left behind had changed.

As much as his supporters might want it to be otherwise, everything he did on the football field, which was considerable, became a footnote that day to the sad way he died in a lover's murder-suicide while his wife and four children sat unknowing on the family farm in Mississippi 1,000 miles away. The shame of it is that Steve McNair was one of the greatest quarterbacks of his generation. Not great in the classic sense of the perfect drop back passer or the fluid John Elway style runner, but in the sense of the hard as nails Bobby Layne tough guy with a big arm and a bigger heart.

He was a player who knew how to win, knew how to lead men and, most of all, knew how to take pain. For two years at the height of his career with the Tennessee Titans, McNair couldn't practice all week because of the pain he was in yet he never missed a game and his team went to the play-offs. He was in that kind of pain because he played a bruising style of quarterback, one in which he would run over you if he had to and would hold the ball until he knew he was going to be hit by an avalanche of defensive linemen just to give his receiver one more second to get open before he delivered a perfect pass to him.

McNair delivered the ball so well he threw for more than 31,000 yards in his 13 seasons in the NFL, sharing the league's Most Valuable Player award in 2003 with Indianapolis Colts' quarterback Peyton Manning. Of those passing yards, 27,141 came while wearing a Titans uniform. He was, without a doubt, their leader right to the day he left in a contract and salary cap dispute to play out his final two years with the Baltimore Ravens.

"He was the ultimate leader,'' said former Titans All-Pro running back Eddie George. "He was never affected by a bad play. He was so cool under pressure.'' Never was that more in evidence than in the 2000 Super Bowl when, with time running out, McNair accounted for every yard Tennessee gained as it drove downfield to what would have been the winning touchdown. On the last play he found a wide receiver named Kevin Dyson in an opening in the St Louis Rams defence, but Dyson was dragged down less than a yard short as the final gun sounded to end the game. The Rams had won but McNair had not been beaten. He'd just run out of time.

It happened to him again this week in a far worse circumstance. The shame of it is that ending. When his name comes up he'll be that guy who was shot to death by his girlfriend rather than that guy who defined what it meant to be a leader on the football field. It is sad to think it ended like that but there is no denying it. For two days the Titans opened up their stadium to allow fans to come and express their condolences and share their memories of the man they once called "Air McNair.'' Many did, their sadness palpable, yet for all the love they still had for the best quarterback in franchise history they all understood that the way things ended for him had changed everything.

When all is said and done, Steve McNair came up short in the Super Bowl and he came up short in life. Sadly, that's what a lot of people will remember most about him now. rborges@thenational.ae

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 smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

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