deal

For more than a decade, Los Angeles’ premier sports teams — the Lakers and the Dodgers — have relied on big-ticket TV rights deals to boost their operations and player payrolls.

But major changes are looming.

The prospective new Lakers owners — investor Joshua Kushner and former Walt Disney Co. chief executive Bob Iger — will inherit an uncertain long-term television picture for the team when they assume control of the storied franchise.

Charter Communications’ Spectrum service broadcasts Lakers games on its SportsNet cable channel. The Lakers are set this fall to enter the 15th year of their long-term, $3-billion agreement with the cable company to bring regular season action to local viewers.

But Charter executives have discussed exiting that relationship, which guarantees the team about $200 million a year in revenue, according to people familiar with the company’s plans who were not authorized to comment.

Charter months ago retained investment bankers to find a buyer for El Segundo-based Spectrum SportsNet, which the company runs in tandem with the Dodgers-owned channel, SportsNet LA.

Charter’s interest in jettisoning the channel as fewer consumers watch cable TV has sparked fears within the Lakers organization about the stability of the critical revenue stream, according to a person familiar with the situation who was not authorized to speak publicly.

The Lakers and Kushner’s investment firm, Thrive Capital, declined to comment.

Stamford, Conn.-based Charter on Thursday finalized its $34.5-billion purchase of Cox Communications, making Spectrum the dominant internet and television provider in Southern California, covering Santa Barbara to the Mexican border.

In response to questions from The Times, Charter Chief Executive Chris Winfrey acknowledged the turmoil surrounding sports channels.

“The regional sports network business is significantly challenged,” Winfrey said during a Thursday conference call with reporters to highlight the Cox merger. “Most of the regional sports networks have gone bankrupt [but] Spectrum has so far remained committed.”

The company is seeking a new arrangement, but Winfrey declined to discuss ongoing conversations with the Lakers or the team’s potential proprietors after Lakers owner Mark Walter, who is facing a federal criminal investigation, abruptly decided to sell the team in a deal valued at $12.5 billion. A spokesperson for Walter and his holding company has stated that they are cooperating with authorities and expect the matter to be resolved “favorably.”

Spectrum, Winfrey said, “would love to find solutions” to make its relationship with the Dodgers and Lakers more acceptable. Over the years, the company has bled hundreds of millions of dollars providing the L.A. sports channels.

“We believe in the local teams, the Lakers and the Dodgers,” Winfrey said. “It’s very important to us. It’s very important to our customers — but that doesn’t mean that it’s a great economic agreement with us.”

The Lakers’ TV contract runs through 2032. The Dodgers’ arrangement with Spectrum extends to 2038, but clouds have been gathering for years as consumers find new ways to watch sports.

Millions of consumers over the last decade have migrated from pricey packages offered by Spectrum and other cable companies to lower-cost streaming options. Spiraling monthly cable bills — largely driven by increases in sports rights fees — have made cable TV less attractive to ordinary subscribers.

A pedestrian walks past Spectrum SportsNet in El Segundo on Aug. 13.

(Genaro Molina / Los Angeles Times)

Cable TV audiences are shrinking and major sports leagues, including the NBA, recognize the younger viewers they desperately want to reach primarily get their entertainment on apps. Broken TV economics have prompted the NBA to begin making plans to build a centralized streaming platform for fans to watch basketball.

“It’s mostly the result of cord-cutting and just fewer homes receiving these networks,” said Scott Robson, a principal analyst with S&P Global Market Intelligence. “The league [would like] to create a centralized streaming hub and bring all 29 domestic clubs under one umbrella, whether that be through YouTube or some other streaming partner.”

But such plans could mean sharing revenue among the various teams, which could mean less money for large-market clubs such as the Lakers and world-champion New York Knicks, which benefit from their lucrative local TV contracts.

Earlier this year, Main Street Sports Group alerted the NBA, National Hockey League and Major League Baseball that it would cease operations, leaving teams scrambling to cobble together TV coverage for their games.

The group operated FanDuel-branded channels (previously Bally Sports) following the 2023 Chapter 11 bankruptcy reorganization of Diamond Sports Group. Those channels have long featured Clippers and Kings games.

Pressure was lifted off the NBA when the league struck its latest round of national TV contracts — $77 billion worth of deals that, beginning last fall, spread basketball games across ESPN, ABC, Amazon Prime Video, NBC and NBCUniversal’s Peacock streaming service.

The current NBA contracts “provided more money than the previous deal, and as a result, the teams rely less on the local rights payments than they have in the past,” Robson said.

Headwinds for the local sports channels, including those operated by Spectrum, pose the latest rocky chapter for Los Angeles sports fans.

It’s a reversal of fortune from a quarter-century ago, when media giants, including Rupert Murdoch’s Fox, recognized there were huge profits to be made by launching regional sports networks.

Murdoch even owned the Dodgers for a stretch to corner the market on what was then a Wild West shoot-out among TV programmers to launch cable channels.

Charter’s predecessor, Time Warner Cable, wanted in on the action. In 2011, former Time Warner Cable executives hammered out the 20-year agreement with the Lakers, then owned by the late Jerry Buss. Two years later, Time Warner doled out an even richer $8.3-billion deal to the Dodgers, which at the time were under new ownership — Walter and his partners with Guggenheim Baseball Management.

The fees were so steep that other pay-TV providers, including Cox, Dish Network and, for many years, DirecTV, refused to carry the Dodgers channel — leading to one of the longest blackouts in sports TV.

Charter took over the two channels in 2016, when the company absorbed Time Warner Cable. Winfrey, on Thursday, made it clear he was not a fan of those deals, calling them “something that we inherited … not something we did on our own.”

Over the years, the company has lost hundreds of millions of dollars. Last year, Spectrum began offering a streaming-only option to expand the audience for Dodgers’ games. Spectrum subscribers can also watch Lakers’ games on a streaming app.

Last fall, Charter retained boutique bank the Raine Group to find a buyer for the Lakers channel. It’s not clear whether Charter would like to shed its deal with the Dodgers organization, which owns SportsNet LA.

Iger is well familiar with the fragmented sports landscape and economics after years overseeing ESPN and ABC.

Spectrum is seeking “innovative ways … to find a better long-term solution,” Winfrey said. “We’re trying to be constructive and respectful on all fronts.”

Tottenham have agreed a deal with Manchester City to sign winger Savinho for £75m, with a further £10m in potential add-ons.

Savinho, 22, has now been given permission to undergo a medical in north London before signing a long-term deal with Spurs.

More to follow.

The brand new series hosted by Steph McGovern follows amateur art dealers putting their skills to the test

BBC Two’s brand new series has been plunged into chaos as contestants clash on air.

Former BBC Breakfast host Steph McGovern has returned to television screens for the hit BBC series that is set to rival The Apprentice.

The Big Deal with Steph McGovern follows seven trainee art dealers from around the UK who are putting their creativity, negotiating and profit making skills to the test as they battle it out to win a piece of art worth a staggering amount.

Airing new episodes every Thursday at 8pm on BBC Two, tonight’s instalment (Thursday, August 20) follows the six remaining amateur pairs who are split into two teams and challenged to sell contemporary art to furnish multi million pound homes.

A synopsis read: “Host Steph McGovern and series mentor Cordelia de Freitas are joined by Peter Staunton, an award-winning luxury interior designer who is on hand to tell the dealers about his clients’ tastes, as well as sharing tips and tricks when it comes to investing in art for the home.”

The dealers had a limited time to hunt for the best works before pitching their ideas directly to the homeowners – those with the lowest amount of commission would face elimination.

And it wasn’t long before tensions started to rise as the show was plunged into chaos. The teams were split into two larger groups, with opinions regularly clashing between Daisy and Darren.

Later, series mentor and art dealer Cordelia de Freitas and Peter Staunton, award-winning luxury interior designer met up with the teams to see what art work they had bought.

Despite a brief of a bronze sculpture, Daisy and Rebecca returned with two blue pieces as Cordelia said “talk about that” when it came to discussing the artist.

However, Daisy replied: “But guys, we’re not pitching to you right now”, as Cordelia added: “We’re here to help.” Daisy went on to say: “No, no it’s been a long day trust me, we can turn it on tomorrow.”

Speaking to cameras, team member Darren admitted: “Would I have picked those blue whatever they were? No absolutely not.”

Darren and Graham and Daisy and Rebecca clashed again later on the show when they butted heads choosing a sculpture design to pitch.

When Darren said they would get to the story behind their chosen design, Rebecca hit back: “Is there much point if we’re not going to pitch it”, to which Daisy stated: “Mum just leave it.”

Clashing on their opinions, the group continued to talk over one another as their co-stars looking on from the sidelines, Deborah and Rebeckah, told cameras: “I had to clock out because I found it distasteful and I’m not here to disgrace myself so I wanted to step out of it.”

Also speaking to producers, Darren said: “There’s definitely a divide there but again, this comes down to personality and taste. We’re not always going to like what other people like and they aren’t going to like what we like.”

The Big Deal with Steph McGovern airs every Thursday at 8pm on BBC Two

The best part of a Happy Meal is the toy that comes with your food. But now that you’re all grown up, you might be looking for a different type of treat.

In an effort to fill seats during off hours and typically slow nights, L.A.’s restaurants and bars are tempting patrons with discounted burger combos that replace toys with cocktails. It’s an adult take on a kid’s Happy Meal. These deals also address a growing concern among restaurant-goers regarding the price of dining out, a cost that has risen in recent years due to factors such as increased minimum wage, rising rents and inflated food costs.

And because it’s L.A., you can expect global interpretations of the classic comfort dish, including a Mexico City-inspired hamburguesa that’s turned a Monday industry night into a citywide destination, a New York-founded Korean restaurant serving a short-rib burger with gochujang aioli and a French-hued take with cognac sauce and optional fondue.

Treats — er, drinks — run the gamut from classic martinis and house wine to margaritas, ice-cold beer and makgeolli. Often overlapping with happy hour, be sure to take note of the specific days and hours each deal is offered.

Here are 16 burger-and-drink combos for those times your inner kid needs an adult happy meal.

WHY settle for one pretty European island, when you could head to two?

Located just 25 minutes apart, you could head to both Lanzarote and La Graciosa in Spain in one holiday.

Travel experts at Sundeals have shared that you could head to both Lanzarote and neighbouring La Graciosa without having to get another flight.

And the best part? A seven-night package costs as little as £254 per person.

From Lanzarote, it only takes 25 minutes on the ferry to reach La Graciosa, which is a volcanic island with less than 750 residents.

The ferry costs around €32 (£27.37) return per person.

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Sarah Jooste, Product Executive at Sundeals said: “Taking the ferry across to La Graciosa for the day completely changes your perspective of Lanzarote and feels like discovering a hidden island that many visitors never see.”

“For lunch, I’d recommend Casa Enriqueta on La Graciosa, where tapas start from around €6 (£5.13) per dish, while traditional rice and seafood dishes such as paella are typically around €16 (£13.69) per portion, served overlooking the harbour.”

While on the island, you can also head to Caleta de Sebo, which is the main hub of the island where you will find local shops and places serving fresh fish.

For a beach spot, visit Playa de las Conchas, which boasts golden sand and amazing views.

Thanks to the rugged landscape, another popular activity is to head off on a 4×4 Jeep Safari across volcanic land formations.

Prefer hiking? Head up Montaña Amarilla for panoramic views over the sea and coast.

Of course, Lanzarote has many amazing spots too including diving around Museo Atlántico which is Europe’s only underwater sculpture museum, with more than 300 sculptures.

You could also head to Jameos del Agua where you’ll find an underground lagoon inhabited by tiny blind albino crabs found nowhere else in the world.

There is even a restaurant hidden inside the volcanic cave too.

The restaurant serves traditional Canarian dishes but you could also book onto the Insólita Experience guided tour, which includes access to hidden areas of the caves, a tasting at Bar Galería and entry to the Casa de los Volcanes Museum from €41.20 (£35.24) per person.

Sarah also recommends: “Back on Lanzarote, Bodega Rubicón, in the La Geria region, is a brilliant place to experience the island’s unique volcanic wine culture, with tastings from around €22 (£18.82). It is one of those places where the landscape is just as memorable as the wine itself.”

Kevin Nelson, Managing Director at Sundeals said: “Our research tells us travellers are looking for smart ways to book holidays that give them exactly the experiences they want, with flexibility and a great price.

“A two-in-one holiday, where you have a central base but other destinations or countries nearby to spend a day in, are a great way to pack a lot in for a low-cost.

“Lanzarote is a brilliant example of that. Visitors can enjoy everything they expect from a Canary Island escape but also discover a real hidden gem in La Graciosa.

“For anyone looking to make the most of their holiday time, Lanzarote offers something increasingly valuable – the chance to experience several different sides of a destination without spending your trip travelling between airports.”

BREAKINGBREAKING,

Trump announces pause on 50 percent duty on Canadian exports shortly before midnight deadline.

The United States and Canada have reached a deal to avert steep tariffs on billions of dollars of Canadian goods, US President Donald Trump has announced.

Trump made the announcement shortly before the expiry of a midnight deadline for imposing a 50 percent duty on a wide range of Canadian exports, including electronics, industrial machinery, furniture, and dairy products.

“I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL!” Trump wrote in a post on Truth Social.

“The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!”

More to follow…

Aston Villa have agreed a deal sign West Ham defender Aaron Wan-Bissaka.

The DR Congo right-back will join on an initial loan deal with an obligation to buy at the end of the season.

Wan-Bissaka has been given permission to travel for a medical in the Midlands but the exact terms are not known, with the Hammers having previously asked interested clubs to pay a £25m fee.

The 28-year-old has missed Championship club West Ham’s first two matches of the season during negotiations.

West Ham have sold Mateus Fernandes to Tottenham for £85m and Crysencio Summerville for £60m this summer, but captain Jarrod Bowen has signed a new contract.

Villa, meanwhile, have also had a busy summer in the transfer market, most notably selling Morgan Rogers to Chelsea for £117m.

They currently have the lowest net spend in the Premier League, at about £110m after sales are taken into account.

Despite that, Villa have signed midfielders Johan Manzambi and Joao Gomes, as well as Chelsea winger Alejandro Garnacho on a loan deal with an obligation to buy. They have also added highly rated young centre-back Modou Keba Cisse.

Villa begin their Premier League campaign at Brighton on Sunday (14:00 BST) and will also compete in the Champions League after finishing fourth and winning the Europa League under Unai Emery last season.

Aug. 17 (UPI) — U.S. President Donald Trump threatened Monday to bomb Oman if the nation’s leaders get “in the way of” any potential Iran deal with the United States.

“If Oman gets in the way, we’ll bomb the [expletive] out of them,” Trump told Fox News.

Oman is not part of the U.S. conflict with Iran, but Omani negotiators have been speaking with Iran over a deal between the two Middle Eastern nations to reopen the Strait of Hormuz.

Esmail Baghaei, a spokesman for the Iranian Foreign Ministry, said Monday that Oman and Iran had reached an understanding about a map of the transit route in the waterway. About a third of the world’s crude oil passes through the strait.

Iranian officials have previously said that they’ll reopen the strait only after the United States ends its naval blockade of Iran’s ports and stops attacking Iran. They’ve also requested the end of sanctions and compensation for damage from the attacks.

A two-month window to negotiate peace with Iran, established in the June “memorandum of understanding” between the United States and Iran, officially ended Monday with no progress. The two countries have also strikes for more than a month despite the agreement. Trump told Fox News on Monday that he is “in no hurry” to reach a permanent deal.

“I have no time schedule,” Trump said. The president has repeatedly said that the conflict will end “soon” and promised imminent peace deals that haven’t come to fruition. He also said in the interview that Iran should “put up the white flag of surrender” and denied reports that the United States munitions have been depleted.

Trump previously threatened to “blow up” Oman in May during a Cabinet meeting. On Friday, he threatened to make the Strait of Hormuz “a territory of the United States.”

David Ellison’s Paramount Skydance has asked a judge to force California Atty. Gen. Rob Bonta and his coalition of 11 other states to prepare to set aside as much as $1.9 billion as the Warner Bros. Discovery merger challenge heads into overtime.

In Monday’s court filing, Paramount requested the plaintiff states, including New York, Colorado, Oregon and Nevada, as well as the Writers Guild of America, post a bond that would cover the “ticking fees” Paramount promised to pay Warner shareholders should the deal stretch beyond its anticipated September close.

Ellison was confident his proposed Warner takeover would sail through its regulatory clearances. President Trump’s Justice Department approved the merger in June, as have dozens of other countries.

The states would not be required to pay the full $1.9 billion upfront. Instead, they would have to come up with a portion of that amount by Sept. 30. Should the Democrat state attorneys general and WGA lose their lawsuits, they would ultimately have to pay the full amount.

Monday’s court filing highlights Ellison’s frustrations and the financial pressures that deal delays will bring the media company. The filing also continues Paramount’s full-court political pressure campaign to get Bonta and the other states to abandon their antitrust lawsuit.

Paramount did not expect such a spirited challenge from Bonta and the 11 other Democratic state attorneys general who banded together with the WGA to try to block the $111-billion merger of two historic Hollywood studios.

Paramount’s 23-page filing, signed by former high profiile federal prosecutor Danielle Sassoon, was intended to rattle the states.

Paramount is trying to create divisions among the plaintiff states by prompting them to question their resolve in fighting a protracted and potentially expensive legal battle, according to a person familiar with Paramount’s strategy who was not authorized to speak publicly.

Because WGA has separately sued to unravel the deal, Paramount has asked the judge to have the union post a bond to cover some of the costs, too.

In its motion, Paramount cited the Clayton Antitrust Act, which is the foundation for Bonta’s lawsuit. The law carries a provision to require plaintiffs to post a bond to cover the potential financial harms of halting a transaction.

The bond gives a defendant, in this case Paramount, a way to recover lost funds should they ultimately prevail in court.

U.S. District Judge Araceli Martínez-Olguín will be asked to rule on the request during a Wednesday court hearing.

“We have satisfied all closing conditions under our merger agreement, having received regulatory clearances from 68 jurisdictions,” Paramount said in a statement. “These two lawsuits are the only barrier to closing this transaction.”

Paramount is incurring considerable legal fees and deal-related costs.

The company cited a potential eight-month merger delay because Martínez-Olguín scheduled the trial for March 2. If the case goes to trial, it might not be decided until next May.

At issue are the “ticking fees” that Paramount in February agreed pay to Warner investors should the merger be delayed . Paramount agreed to pay $.25 a share for every quarter until the acquisition finalizes.

The fees add up to $7 million a day, or $650 million per quarter.

Paramount is facing a June 4 deadline to close the deal. That’s when Warner Bros. Discovery can demand a $7-billion break-up fee.

Paramount wants to get the deal done as soon as possible, and with the approval of Mexican regulators last week, only Bonta and the states’ lawsuit stands in their way.

Paramount also is cognizant of shifting winds in Washington should Democrats regain control of Congress in November, which could bring fresh scrutiny to the merger .

Ticking fees weren’t the only costs of the extended timeline.

“There will be no integration and no ramped-up investment in content, production, and creative talent by the combined company,” Paramount said . “Employees of both Paramount and WBD are also harmed by the uncertainties caused by the delay.”

Last week, the Directors Guild of America and the International Alliance of Theatrical Stage Employees — which represent a combined 200,000 union members — waded into the clash over the merger, which continues to carve deep divisions throughout the industry.

“We remain confident that plaintiffs’ case is without merit and will defend our pro-competitive transaction in court,” Paramount said. “We look forward to closing this transaction and delivering its benefits to consumers and entertainment industry workers in California, the United States and around the world.”

Nvidia has recruited Wall Street to bankroll its own customers.

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The US chipmaker said last week it had signed memorandums of understanding with Wall Street’s largest asset managers, including Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR to raise upwards of half a trillion dollars for AI companies to borrow against, money that will buy its chips and build the servers that run them.

The six firms will set up what Nvidia calls “compute financing platforms,” drawing on institutional money, insurance funds and private credit. Borrowers can use the proceeds for the chips as well as servers, networking equipment, buildings and power supply.

Nvidia has the option to guarantee up to a quarter of any given deal, which lowers the interest rate its customers pay while leaving most of the credit risk with the lenders.

CEO Jensen Huang said he approached only these six companies and none refused.

Keeping that spending off their own books is precisely the point, and the fact that such a structure is needed at all tells investors a great deal about where the constraints in the AI boom now lie.

The financial engineering rests on a single reclassification. Graphics processing units (GPUs) have always been treated as equipment that loses value quickly, superseded whenever a faster generation arrives.

Nvidia is effectively asking lenders to treat them instead as long-lived infrastructure, closer to a toll road or a power plant, that can be borrowed against for years.

“These are revenue-generating assets now,” Huang said, describing them as productive, long-lived and transferable between customers.

Why the money had to come from somewhere else

The timing reflects a squeeze that has been building all year.

Microsoft, Amazon, Alphabet, Meta and other hyperscalers whose cloud platforms host most of the world’s AI workloads have together guided roughly $720 billion (€624bn) to $745 billion (€646bn) of capital spending in 2026, an increase of about 77% on last year.

What analysts expect the hyperscalers to spend in 2027 alone has more than doubled in the space of a year, from a consensus of $480 billion (€416bn) in August 2025 to $1.08 trillion (€943bn) this month, a rise of about 127%, according to Bank of America.

The pattern has repeated at every stage.

Analysts who already considered last year’s investment unsustainable then watched the hyperscalers guide higher at the start of 2026, revise those figures upward again through the year, and pencil in larger sums still for next year and 2028.

Moody’s has warned that spending on this scale is eating into free cash flow and pushing tech groups into heavier borrowing. Alphabet recorded negative free cash flow of $5.9 billion (€5.1bn) in a quarter when it spent $44.9 billion (€38.9bn) on projects.

That is the pressure the structure of Nvidia’s Wall Street deal relieves.

Debt raised through these “compute financing platforms” sits with the financing vehicles rather than on a hyperscaler’s own accounts and also has Nvidia’s backing, which protects credit ratings and leaves room for conventional borrowing elsewhere.

For smaller operators the effect is larger still as companies such as CoreWeave and Nebius, which lack investment-grade ratings and pay dearly for credit, gain access to capital on terms previously reserved for the giants.

What the market actually read into it

The reaction was more ambivalent than the headline number suggests, and came weeks after a July selloff driven by doubts over whether AI spending will pay for itself.

Essentially, equity investors saw a bottleneck being cleared while credit investors saw something else: the cost of insuring Nvidia’s own debt against default rose after the news and has roughly doubled since late May.

Their doubt concentrates on the reclassification previously mentioned.

“Chips depreciate fast and lose value the moment a newer generation arrives,” warned Nigel Green of financial advisory firm deVere Group, noting that lending against them only works if the collateral holds its value.

Critics also point out that Nvidia is helping finance purchases of its own products, deepening the circularity that already worries the sector.

Goldman Sachs CEO David Solomon called it “a pivotal moment of a historic AI investment cycle.”

Whether it proves pivotal in the direction Solomon means depends on a question nobody can yet answer: what will the value of a current GPU be in five years?

HAVE you ever just wanted to pack up your bags and move away somewhere for a month?

Well you’re in luck – as there is a holiday deal which includes your flights and hotel for 28 nights… and it is less than the average mortgage cost for the month.

The deal is for a month in Malta for just £410 per person.

With the average UK mortgage costing between £1,355 to £1,592 (and average rent costing £1,369), you would still be saving money compared to just living a month in the UK.

Even if you head on holiday with another person, it will still be less than a mortgage or rent at £820 for two people.

The trip includes return flights from either Bournemouth on January 16, 2027, or Birmingham on January 6, 2027 and then 28 nights accommodation at the hotel.

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If you want to fly from another UK airport you can, it might just cost you a fiver or tenner more.

You’d stay at the Relax Inn in Bugibba, Malta, just a few minutes’ walk from the sea.

At the hotel there are 40 rooms, including single, twin and triple rooms with each one having its own bathroom as well as a balcony.

There’s also a bar in the hotel, where you can grab a tipple before heading to the lounge to watch a movie or the games room.

As for Bugibba, you’ll find cosy restaurants, bars and a number of shops to explore.

You’ll have to factor in some costs for food and drink, but it isn’t far from the centre of town which has lots of pubs and outdoor cafes.

The only downside? Don’t expect to use the rooftop swimming pool as it will be closed until the summer season.

While Malta won’t be hot in January, it is still warmer than the UK, at around 16C compared to our 7C.

You can head to Perched Beach – a man-made beach with lounging areas.

You can also go on boat trips from the town including to the Blue Lagoon in Comino.

To get to the hotel, you will fly into the capital of Valetta which is a half hour drive away.

The tiny city is known for St John’s Co-Cathedral, the Grand Master’s Palace and the Upper Barrakka Gardens.

Mikel Arteta has said that supporters “don’t have to worry about” his future at Arsenal as he wants to extend his contract and the time left on his deal is “not an issue”.

The Gunners boss is into the final 12 months of his agreement that he signed in 2024 but says he is relaxed about formal talks taking place regarding a renewal.

Arteta has been in charge of Arsenal since 2019 and led the club to their first Premier League title in 22 years last season.

Arsenal face Manchester City in the Community Shield on Sunday (15:00 BST) and Arteta was asked in his news conference about the concern some supporters may have given he is yet to agreed a new deal before the 2026-27 campaign kicks off.

“No, they don’t have to worry about any of that because I want to be here, I’m extremely happy,” Arteta said.

“I feel very grateful to work with the people that I work with and whenever we have the possibility we will resolve that and that’s it.”

The Gunners are attempting to build on their success of last season and strengthen their squad in the transfer window.

They were unsuccessful in their pursuit of Real Madrid winger Vinicius Jr but have signed midfielder Bruno Guimaraes from Newcastle, Greece international winger Christos Tzolis from Club Brugge and made Piero Hincapie’s loan move from Bayern Leverkusen into a permanent transfer for a combined £143.5m.

Goalkeeper Illan Meslier has also arrived on a free transfer from Leeds United while, from last season’s squad, Leandro Trossard, Jakub Kiwior and Christian Norgaard have been moved on.

The Gunners remain interested in Aston Villa‘s Ezri Konsa or Jarell Quansah of Bayer Leverkusen as a further defensive reinforcement in the market following injuries to William Saliba and Jurrien Timber.

With the transfer window open until 1 September, the feeling at the club is that finalising a contract can come at a quieter period in the season.

“There’s always another priority I think and that’s the way we’ve been treating it. Arteta added.

“I think because everybody feels comfortable that the time on the contract is not going to be an issue.

“I think because my will certainly is to be here and I’m very happy here.

“And my feeling from the club is is the same one so I think that’s why everybody doing it things in a really organic way.”

Arsenal also reached the Champions League final last season where they were beaten by Paris St-Germain and Arteta has repeatedly spoken of his ambition since that loss to take the Gunners to next level.

“I’m not going to talk about any individuals, obviously what I can tell you is the ambition of the club.” Arteta said.

“It’s big that we want to improve the squad, we want to evolve the squad in order to achieve that.

“We have obviously detected some areas that they can be strengthened and that’s what we are trying to do.”