Wednesday, 5 February 2014

A club in disarray: History will not look kindly on Rosell's Barcelona reign

A club in disarray: History will not look kindly on Rosell's Barcelona reign
With the team knocked off the top of La Liga for the first time in 59 rounds and in turmoil off the field, the former president's decisions may have wider-reaching consequences
COMMENT
By Paul Macdonald

In the pantheon of Barcelona figureheads, history will one day determine Sandro Rosell's legacy as a missed opportunity. An intelligent man undone by his own egocentricity, he has risked decimating the club’s position of power, all in the name of a self-written eulogy.

He is unlikely to be forgiven by the club's fans for what has been allowed to transpire. Yes, Mes que un clubmay represent an unfeasible idealism as football has become less a competitive sport and more of a corporate fantasy tournament. And of all of his supposed mistakes, Rosell’s Qatar contract that the Culesso loathe was an inevitable deal, executed to extract value not only at the time, but over the years ahead. Furthermore for the casual observer the trophy haul has remained plentiful, the football in the main era-defining. When given the option to deviate from the grand plan upon Pep Guardiola's departure, he chose Tito Vilanova, which, despite the unfortunate circumstances that followed, was the correct, sensible move.

But the formation of Brand Barcelona meant more capital to chase his own vision of the club, and in the process classless and ill-advised decisions were commonplace. The €600 million stadium redevelopment plan, despite the fact the current net debt is currently in excess of €330m, comes across as little more than a vanity project. The manner in which Eric Abidal was allowed to depart despite his triumphant comeback from a life-threatening illness appears all the more questionable given the Frenchman’s solid performances for Monaco. Victor Valdes’ desire to move to the same destination is at best eyebrow-raising. Thiago Alcantara’s switch to Bayern Munich represents carelessness at every turn.

It all began with Johan Cruyff. Rosell swept into power in 2010 and retracted the honorary presidency
ROSELL DEPARTS BARCELONA
- GOAL'S COVERAGE
OFFICIAL: SANDRO ROSELL QUITS BARCELONA

A SUCCESSFUL FAILURE - ROSELL ERA WAS A GLORIOUS ONE


HOW DID THE NEYMAR DEAL BRING DOWNROSELL?

COMMISSION IMPOSSIBLE: NEYMAR, HIS FATHER, AND BARCELONA'S MILLIONS
 previous incumbent Joan Laporta had granted the Dutchman a few months before. Cruyff vowed: “I will never return to Camp Nou as long as Rosell is president at Barcelona.”

Rosell’s motivation appeared as transparent as could be – Cruyff was a Laporta ally. The man whose influence had formulated the position of prominence from which Rosell could mount his high horse had been excommunicated. This wasn’t the new president merely exerting his influence. This was the first step towards the reimagining of Barcelona, cleansed from the irresponsible spending and lack of refinement that Laporta brought as baggage.

Laporta & Rosell’s singular vision back in 2003 seems so distant that it is almost difficult to 
remember, given the claims and counter-claims since that have made their shattered partnership 
irreconcilable. The union lasted until Rosell’s departure in 2005. He believed that the agenda had been changed, and claimed the board were not "independent, transparent or democratic".

The diatribes from both sides have never ceased. Laporta famously announced in his biography that 
Rosell had been desperate to sell Ronaldinho to Chelsea for a fee of €100 million, and made a disputed claim relating to a commission on the deal. Rosell branded it a “total and utter falsification”, and went instantly on the offensive. He commenced legal proceedings against Laporta and the previous board for the supposed financial discrepencies. Laporta’s accountants had reported an €11m profit in 2009-10. Rosell’s Deloitte audit instead reported a €77m loss. It’s here where the parallels can be drawn with the Neymar debacle.

The Brazilian’s name was first uttered by Rosell as long ago as 2011, when he described the chase for the player as "a long-term affair". He seemed desperate to attract the defining star of his presidency and had proven influential in bringing Ronaldinho to the club in 2003, the signing that many identify as the birth of the modern Barca. But for Ronaldinho, many read Laporta, just as Messi’s development into one of the greatest players ever happened on his watch. In hindsight it seems clear that, given the down-payment, the promises and funds that exchanged hands to keep all parties happy, the transfer was over two years in the making. It appeared Rosell was going to bring in Neymar whether the team wanted or needed him. He needed his own Ronaldinho moment. 

The grudges, the yearning to do things differently, led to Neymar at all costs and he has paid the price for that single-mindedness. Rosell categorically denies any wrongdoing in the handling of a transfer that is now being investigated by a Spanish judge, but the entire saga has left Barcelona in disarray. The concept of acquiring a marquee player isn't the problem - his lack of diligence that put the club's reputation in jeopardy most certainly is. 

And the directionless defeat versus Valencia last Saturday was remarkable for the type of capitulation, particularly at home, that the Camp Nou hasn't bore witness to since the pre-Pep days. Against a team who have had their own turmoil this season and remain vulnerable, their loss was a spectactular one. Rosell can't be blamed for players failing to get the job done. He is, however, responsible for the catalogue of misadventures that will unquestionably have turned heads, and caused focus to be lost.

And what of Neymar himself? His name is now inextricably linked to the downfall of a Barca president. He will need to remain strong-willed and self-assured in the year that may define his entire career in order to express himself freely. Rosell is gone; it is now his cross to bear. And he has to deal with the consequences of his enormous salary being made public by his employers.

Rosell sought to set himself apart from Laporta, to create the image of a better president. But his redefined legacy, the one he was so desperate to control, will suggest otherwise.

Ronaldo handed three-game ban

Ronaldo handed three-game ban
The Portugal international will miss three matches following his dismissal at the weekend, but will be available for Wednesday's Copa del Rey game against Atletico Madrid
The Spanish Football Association (RFEF) has handed Real Madrid star Cristiano Ronaldo a three-game ban following his red card against Athletic Bilbao.

The Portugal international - who celebrates his 29th birthday on Wednesday - received his marching orders in the 76th minute of Sunday's Liga encounter after an altercation with Athletic's Ander Iturraspe and Carlos Gurpegui.

Ronaldo consequently risked a suspension that could cover anything from one game to in excess of three and the RFEF has now opted to keep him out of action for three matches.

The forward was slapped with a one-game ban for the incident with Iturraspe, while getting an additional two games for his offensive gesture after his dismissal.

He will miss the Liga games at home against Villarreal (February 9) and Elche (February 23) as well as the away match versus Getafe (February 16).

However, Ronaldo will be available for both legs of the Copa del Rey semi-final tie against Atletico Madrid, with the first leg taking place at the Santiago Bernabeu on Wednesday.

United scouts watch £37.5m Lisbon midfield star Carvalho for eighth time this season

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Manchester United scouts have checked on Portugal midfielder William Carvalho for the eighth time this season.

David Moyes's staff watched the 21-year-old schemer during Sporting Lisbon’s goalless draw with Academica on Sunday evening and their presence was reported in Portuguese newspaper O Jogo.

Carvalho made his debut for Portugal in a World Cup qualifier against Sweden in November and is expected to take a place in Paulo Bento’s squad for Brazil.

Tuesday, 4 February 2014

Dubai ranked 3rd most dynamic city in the world

Dubai ranked 3rd most dynamic city in the world
According to new ranking by real estate consultancy Jones Lang LaSalle, Dubai is ranked 3rd “Most Dynamic City” in the world following San Francisco and London. 111 cities were covered in the the Research called “City Momentum Index (CMI)”.
City Momentum Index measures a City on basis of GDP growth, speed of adaptation, speed of innovation, creating new businesses, rates of construction and absorption, real estate price movement and the attraction of a city’s built environment for cross-border capital and corporations. The study reflects how well a city meet its socio-economic goals and commercial real estate momentum. Also how much a city is capable of sustaining the momentum over the longer term.
Dubai topped in category for bringing about quick-silver changes in “socio-economic” and“Commercial Real Estate” momentum.
Dubai is also featured in “Elite Cities” in CMI on the basis of major global gateway and a trading hub, real estate market, High-Value Incubators for longer-term success. Furthermore, winning the bid to host Expo 2020 has given the city renewed confidence and momentum.
worlds most dynamic city
Alan Robertson, CEO at Jones Lang LaSalle (JLL) Middle East and North Africa, said: “Events such as Expo 2020, along with Dubai’s strong global connectivity and growing status as a service hub for Mena and southern/central Asia will support sustainable momentum over the longer term horizon.”
We all knows that the day is not too far when Dubai will become the Worlds Most Dynamic City.

Phillip Morris Restructures Agenda in Egypt and Contracts with Eastern Tobacco To increase its profitability in MENA

Phillip Morris Restructures Agenda in Egypt and Contracts with Eastern Tobacco To increase its profitability in MENA
Chaperoned by the Egyptian Minister of Investment and the Minister of State of UAE
NY, Cairo, 2nd of February 2014: Phillip Morris International (PMI), with a stock symbol PM in NYSE Euronext Paris, has s Middle East and North Africa.
In celebration, H.E. Minister of Investment of Egypt, Dr. Ossama Saleh, H.E. Minister of State of UAE, Dr. Sultan Al Jaber, Eastern Tobacco Company Chairman of the Board of Directors, Mr. Nabil Abdel Aziz, the Egyptian Holding Company for Chemicals Chairman of the Board of Directors, Eng. Yahya Almashal, Mr. Roman Yazbeck, VP Africa and Levant division, Phillip Morris International, Mr. Ali Takesh, Phillip Morris General Manager in Egypt, and Mrs. Salma Mameesh Corporate Affairs Director in Egypt, were all gathered in the event.
A new Phillip Morris affiliate company is established in Egypt to seal a new manufacturing contract with Phillip Morris’ all time strategic ally, Eastern Tobacco Company; in addition to a new distribution agreement with Trans Business for Trading and Distribution, as per the restructuring plan. With respect to the reform plan of the company, Phillip Morris will record a charge of approximately 10 cents per share in the last quarter of 2013.
Miroslav Zilinsky, President of Eastern Europe, Middle East and Africa region and PMI Duty Free explains, “the new business structure of operations in Egypt and its success can not be possible without the support of our long time partner, Mansour International Distribution Company.” He adds that the new structure will simplify operations in Egypt and strengthen its presence in the dynamic Middle East market; the market where Phillip Morris has increased its investments, successfully maintaining a 25.5% of the market share in one year, in spite of the fluctuation of the exchange rate up to 10%. 
Phillip Morris International in Egypt Figures
Phillip Morris is the leading international tobacco company in Egypt, with an estimated market share 22.9% in 2013, up 4.7 points in comparison to 2012; driven by its premium brand Marlboro up 1.1 point (7.3%) in comparison to last year; and mid-price L&M up 3.3 points (13.1% of total market share) in comparison to last year.
In 2013, total market equaled to 80 billion units; up 2.8% in comparison to the year before.
Marlboro’s market share of premium brands equals to 75% and reached the price of EGP 15.50 ($2.25).
Eastern Tobacco Company manufactures Phillip Morris’ products on a contractual basis in Egypt. 

Apple CEO Tim Cook in the UAE

Apple CEO Tim Cook in the UAE
Apple CEO Tim Cook is apparently in the United Arab Emirates and was caught on camera at the Virgin Megastore in Abu Dhabi. Virgin Megastore is an official reseller of Apple products in the UAE so he could have just been making a round to see the visibility of Apple products in the region. 
Tim Cook UAE
But the bigger question is why was Tim Cook in the UAE? Is Apple planning to open their stores in the country- possibly at Burj Khalifa, the tallest building in the world? Or will FaceTime be getting unblocked? There is also a possibility that he is here to talk to the Ministry of Education to get iPads into schools and Universities. We are looking for information and will update this as soon as we find out more.

Musharraf’s treatment abroad plea rejected, warrant issued

Musharraf’s treatment abroad plea rejected, warrant issued
ISLAMABAD: A special court hearing General (retd) Pervez Musharraf’s treason case has issued a bailable arrest warrant for the former military ruler, directing the authorities to produce him before the court on February 7.
Announcing the verdict over Musharraf’s medical report, the special court dismissed the former president’s plea seeking permission for medical treatment abroad. "It is not in the jurisdiction of this court to allow him to go abroad for treatment, because his name is on the exit control list," the order read by a court official said.
A-three member bench of the special court headed by Justice Faisal Arab set bail bond for the former president at Rs2.5 million.
It said that Musharraf failed to give appropriate justification over his nonappearance in the court. The court directed Islamabad Police Inspector General to ensure the implementation of the verdict.
When asked if Musharraf would be appearing in court, his lawyer Faisal Chaudhry replied “the matter of him (Musharraf) appearing will be dealt with on February 7.”
The medial report submitted on January 24, stated that Musharraf needed to undergo an angiography on an immediate basis, but the former president had not provided his consent to undergo the life saving surgery in Pakistan and wanted to go abroad for treatment.
Prosecutor Akram Shekih had requested the court to reject Musharraf's medical report as it was unprofessional and did not include relevant test records.
Sheikh had submitted thirteen objections on the report which was prepared by doctors of the Armed Forces Institute of Cardiology (AFIC).
On Thursday, Sheikh argued that an ECG and angiography is conducted within 48-72 hours if the patient is critical. But in Musharraf's case, no ECG has so far been recorded even after 28 days.
Pervez Musharraf fell ill with heart trouble on January 02 while he was travelling to the special court hearing the treason case. Musharraf's convoy was diverted to the AFIC where he was admitted for treatment