Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

After Atletico Madrid win, Real Madrid hopeful of new era of European domination

May 25 2014, 22:14 IST
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SummaryWhen Real Madrid's team of Zinedine Zidane-inspired "galacticos" won the Spanish club's ninth European crown in 2002 it was supposed to mark the beginning of another golden era of European domination.

When Real Madrid's team of Zinedine Zidane-inspired "galacticos" won the Spanish club's ninth European crown in 2002 it was supposed to mark the beginning of another golden era of European domination.

As it turned out, and despite hundreds of millions of euros spent on players, it took the world's richest club by income another 12 years to win the coveted 10th title, or "decima", a record-extending feat they finally achieved with Saturday's 4-1 extra-time win against Atletico Madrid in the Champions League final in Lisbon.

This time around, big-spending Real president Florentino Perez will be desperate to consolidate the club's position at the summit of European soccer and avoid the mistakes that led to him stepping down in 2006 after a poor run of results.

Since the construction magnate's return in 2009, Real have splashed more than 600 million euros ($818 million) on the likes of Cristiano Ronaldo and Gareth Bale, both of whom scored in Saturday's showpiece.

The massive investment finally paid off and in coach Carlo Ancelotti, Perez also appears to have found the right man to lead his project for European domination.

The Italian succeeded in winning the Champions League in his first season in charge, outdoing predecessor Jose Mourinho, whose Real team were eliminated in the semi-finals in Europe during each of his three seasons in charge.

Ancelotti, whose Real side also won the King's Cup by beating arch rivals Barcelona in the final, has brought a sense of tranquility back to the club after the divisive Mourinho years and has wasted little time in moulding his expensively-assembled squad into an impressive unit.

A Champions League winner with AC Milan as both a player and a coach, the 54-year-old has fostered a harmonious atmosphere at Real that allows Ronaldo, Bale and their team mates to perform and he showed against Atletico he has the tactical sense to outwit his rivals.

Real were struggling to create chances against some typically resolute Atletico defending so Ancelotti threw on attacking midfielder Isco and zippy fullback Marcelo and the game immediately turned in their favour.

LIMITLESS RESOURCES

Ancelotti signed a three-year contract when Perez lured him from Paris St Germain last year and it would be little surprise if the president moves to tie him to the club for longer after Saturday's triumph.

Perez had tried to sign Ancelotti before and now that he has his man he is unlikely to let him slip away, especially if he continues to deliver

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