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The Dodgers are Mark Walter’s crown jewel. Can he hold on to it amid federal probe?

When the news broke last week that Mark Walter was selling the Lakers just one year after buying the storied basketball franchise, executives working for another crown jewel in his sports empire — the Dodgers — were quick to say the billionaire had no plans to sell the team.

The Dodgers have won three of the last six World Series and 12 division titles since an ownership group led by Walter bought the then-bankrupt team in 2012, and the Dodgers now are considered the most successful — and lucrative — franchise in Major League Baseball.

Yet, amid Walter’s financial difficulties, including a federal inquiry into his insurance empire regarding $16 billion to $21 billion in undisclosed loans to his own companies, questions remain over whether the blowback will hit the Dodgers.

Walter has denied wrongdoing, and sports business experts say it’s far too soon to know whether the Dodgers will be in play. No charges have been filed against Walter or anyone associated with his businesses.

“If you’re judging on that — winning and revenue created — he’s been at the helm of all of that. … He does truly look like a white knight as it relates to his ownership of the Dodgers,” said Patrick Rishe, executive director of the Sports Business Program at Washington University in St. Louis. Still, “we don’t know what the issues are, and we don’t know the severity and the magnitude.”

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Aside from the Lakers, the Dodgers are, by far, the most valuable of Walter’s handful of sports franchises, and industry sources not authorized to speak publicly about any potential sale told The Times that the team could fetch $10 billion to $13 billion.

Walter’s sports portfolio includes the Los Angeles Sparks of the Women’s National Basketball Assn.; the Cadillac Formula 1 racing team; a premier women’s tennis competition, the Billie Jean King Cup; and the entire Professional Women’s Hockey League. The Bloomberg Billionaires Index estimates Walter has a net worth of $18.3 billion.

There have been reports that he is putting his shares of his most valuable professional soccer franchise, the Chelsea Football Club of the English Premier League, on the market.

But the Dodgers are the greatest show in baseball, playing before stadiums packed with fans willing to shell out top dollar to see a roster that includes international superstars Shohei Ohtani and Yoshinobu Yamamoto.

Last week, Dodgers president and part-owner Stan Kasten said the Lakers sale “really has nothing to do with the Dodgers” and that “there are no changes here or contemplated here.” And Dodgers manager Dave Roberts said at a news conference that he was “shocked” by news of the Lakers sale and had not heard of any potential changes to Dodgers ownership.

Andrew Granato, a law professor at the University of Texas at Austin who specializes in corporate finance and insurance, said that although it was not yet clear whether Walter would offload the Dodgers, it would not be impossible, given the speed and scale of the billionaire’s recent financial transactions and the mounting federal and public scrutiny.

“I imagine that no fan feels particularly comfortable if the owner of their favorite team is under … investigation. Certainly, it’s not an ideal situation,” he said.

Walter was riding high after the Dodgers’ success and his $10-billion purchase of the Lakers last year. But the last few months have been challenging.

The loans by two Delaware life insurers that Walter owns were made to companies tied to him or his TWG Global holding company but were not disclosed as “related party” transactions as required, the Wall Street Journal reported. Related-party transactions made by insurers are required to be reported to limit conflicts of interest and protect policyholders, who have an interest in the financial strength of their insurers.

Walter, the 66-year-old chief executive of Chicago investment firm Guggenheim Partners, led a group that included another Guggenheim executive and Magic Johnson in acquiring the Dodgers for $2.15 billion in 2012, then a record for an MLB team.

The Times has reported that he tapped the insurers he owned for financing, a deal that was later vetted by state insurance regulators.

However, the amount of related-party loans made by the two affiliated life insurers now under federal scrutiny is vastly more, amounting to 40% of the invested assets of Delaware Life as of Dec. 31, according to Fitch Ratings. The credit rating firm said that is the most of any North American life insurers it reviews.

It’s unclear where the money went, but the Wall Street Journal reported that billions were passed through a third party before being received by entities tied to Walter or his TWG Global holding company.

Last week, Walter stunned the sports world by selling a majority stake in the Lakers for $12.5 billion to former Disney Chief Executive Bob Iger and venture capitalist Joshua Kushner, who is the brother of President Trump’s son-in-law Jared Kushner.

Walter has declined to comment on whether the sale was tied to the federal investigation.

The framework for a deal was consummated in a matter of days, Iger told interviewers last week. It still must be approved by the NBA Board of Governors, which meets in September.

Projecting an exact value for the Dodgers is difficult because MLB and its players union are engaged in contentious collective bargaining negotiations that many experts believe could result in a lockout when the current agreement expires in December.

Should a salary cap be agreed upon for the first time in MLB history, the valuation could jump to the high end, the source said. And about $1 billion of any sale would be subtracted to cover the Dodgers’ future commitments on deferred contracts.

The Dodgers’ massive local television deal with SportsNet LA directly elevates the franchise’s overall valuation.

Listing potential buyers should the Dodgers be for sale is challenging because the estimated value of the franchise is so much greater than almost any other MLB team. The record price for a sports franchise was the $12.5 billion for the Lakers.

Besides Kushner and Iger, those who have bid for teams aren’t in the $10-billion-plus ballpark. The San Diego Padres were sold last week for $3.9 billion to José E. Feliciano and Kwanza Jones.

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Another question that has arisen as Walter’s financial troubles have garnered headlines is whether MLB would conduct its own investigation into Dodgers ownership or pressure the billionaire and his partners to sell the team.

“Any time there is any kind of public question about owners, they look into it,” former Dodgers president Bob Graziano told The Times. “I would guess, because there is a federal investigation going on, they’re not launching their own investigation, but they are going to wait to see what comes out of the federal investigation.”

No investigation of any kind into the matter has been announced by MLB.

MLB has never formally stripped an owner of a franchise or forced an outright sale through a vote of franchise owners. But the league forced Frank McCourt to sell the Dodgers in 2012 by exerting pressure and threatening a financial takeover or disciplinary action that would have stripped operational control.

When McCourt sold the team to Walter’s Guggenheim group, the franchise was in Chapter 11 bankruptcy.

When Guggenheim purchased the team in 2012, it outbid billionaire hedge fund manager Steven Cohen, who now owns the New York Mets. A group headed by former Yankees and Dodgers manager Joe Torre and L.A. developer Rick Caruso dropped out of the bidding ahead of Cohen. Additional bidders included media executive Leo Hindery, billionaire Tom Barrack, then-St. Louis Rams owner Stan Kroenke and Jared Kushner.

Times staff writer Laurence Darmiento contributed to this report.

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Where the Lakers’ minority shareholders stand on sale of the team

As the Buss siblings battle each other for the right to sell their minority stake in the Lakers, at least one of the other minority shareholder is sticking with the team.

Patrick Soon-Shiong, the owner of the Los Angeles Times, is not selling his stake in the Lakers.

Soon-Shiong bought a 4% stake in the team from Magic Johnson in 2010. His family attorney, Chuck Kenworthy, said that Soon-Shiong has no interest in selling his stake amid a high-stakes ownership transition.

“We love the Lakers,” Kenworthy told The Times. “We believe in the Lakers. We believe in the future of the Lakers and the championship years they are going to have. And we believe they are still undervalued.”

A group led by former Disney chief Bob Iger and venture capitalist Joshua Kushner agreed last week to buy controlling interest in the Lakers from Mark Walter at a $12.5-billion valuation — a record price for an American sports team. The sale is still pending approval by the NBA board of governors. Walter, who owns a majority stake in the Dodgers, is the subject of multiple federal investigations.

Jeanie Buss, whom Walter had agreed could remain as the Lakers’ governor for five years, is challenging her siblings’ decision to sell the family’s 17.8% stake in the team.

Real estate developer Edward P. Roski, one of the Lakers’ other known minority owners, has not disclosed whether he intends to sell his 3% stake in the team. He has owned a stake in the team since 1998. Todd Boehly purchased a minority stake in the Lakers in 2021, but it’s unclear whether all his shares folded into business partner Walter’s majority stake.

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Jeanie Buss contests family sale of Lakers ownership stake

For more than four decades, the Lakers were a family-run business. The sibling rivalries still remain.

Jeanie Buss is fighting back after her siblings reportedly voted to sell the family’s remaining stake in the Lakers on Monday. The team’s governor, Buss sent a letter through her attorney to her brothers’ attorneys stating any votes to sell the family’s remaining 17.8% stake in the team to new majority owners Bob Iger and Joshua Kushner are void because the sale cannot be completed without approval of the other trustees: Jeanie and her younger siblings, Janie and Joey.

ESPN reported Monday that the six Buss family siblings, who took over team ownership after their father, Jerry Buss, died in 2013, are selling their shares of the Lakers to Iger and Kushner following a family vote. Iger, the longtime Disney chief executive, and Kushner, a venture capitalist and entrepreneur, agreed last week to buy Mark Walter’s controlling stake of the Lakers for a record valuation of $12.5 billion.

The transactions still need to be approved by the NBA board of governors. Jeanie Buss, who was to remain the Lakers governor for at least five years after Walter’s purchase of the team was approved last October, no longer would be eligible to serve on the board if the Buss family sells its shares. Governors are required to own at least a 15% stake.

“The co-trustees are bound to vote the Los Angeles Lakers, Inc. shares to ensure that the minimum 15% ownership requirement is maintained in order to ensure that Jeanie Buss may remain controlling owner,” the letter from Buss’ attorney reads, citing a 2017 court ruling outlining Jeanie Buss’ role. “Any attempt by the co-trustees to do otherwise and any attempt to aid or abet the co-trustees as such would constitute a breach of trust, breach of fiduciary duty and be in contempt of court.”

The trust was revised in 2017 after a series of legal battles between Jeanie and her older brothers, Johnny and Jim. It stipulated that co-trustees “would take all actions reasonably available to them, including voting the trust’s shares to ensure that [Jeanie Buss] is elected as the controlling owner of the Lakers on an annual basis during [her] lifetime.”

The statement to ESPN attributed to the Buss family regarding the sale read: “We have decided as a family to sell the remaining Buss Family Trust shares to the Bob Iger group as part of the ongoing transaction. We love the Lakers, Laker fans and will continue to support Los Angeles; but it is time to use this opportunity to move on and exit gracefully while we still can.” ESPN didn’t report a price for the shares.

The Buss family has owned the team since 1979, when Jerry Buss bought the franchise, the Forum and the Los Angeles Kings for $67.5 million. The family patriarch leveraged Hollywood glamour with entertainment spectacle to elevate the Lakers into an internationally recognized brand. The NBA’s biggest stars shone brightest in L.A.; Jerry West, Kareem Abdul-Jabbar, Magic Johnson, Shaquille O’Neal and Kobe Bryant helped pile up 10 championships under Buss. The Laker Girls became a harbinger of sports dance teams to come. Celebrities flocked to the courtside seats. Books and TV shows told the team’s Hollywood story.

Each of Buss’ six children — Jeanie, Jim, Johnny, Janie, Joey and Jesse — held titles in the organization. Jeanie was her father’s hand-picked successor. She fought to maintain her position against Johnny and Jim, who tried to reorganize the board of directors to push Jeanie out in 2017. She eventually ousted them from team operations. Joey and Jessie, the two youngest, were fired by the new owners last November. Joey was the team’s alternate governor and vice president of research and development, and Jesse was the assistant general manager. Janie held an administrative role directing the team’s charitable services.

The booming sports business quickly caught up to the team that once held the attention of the city with the league’s biggest stars, iconic “Showtime” style and old Hollywood feel. The Lakers slogged through a six-year playoff drought from 2013-19. The team started falling behind in resources and revenue compared to other organizations that controlled their own arenas and could maximize alternative revenue streams. The Buss family voted to relinquish a majority ownership of the team last year, bringing in Walter, who also owns the Dodgers.

Walter then shockingly flipped the NBA’s crown jewel franchise for a profit of $2.5 billion last week. The investment mogul who is under federal investigation for unpaid loans agreed to sell his stake in the Lakers to Kushner and Iger. Kushner is a co-founder of Thrive Capital, which started a permanent holdings company, Thrive Eternal, this year to invest in sports and cultural brands. Iger is the longtime Disney CEO who already owns Southland soccer club Angel City FC and previously flirted with NFL ownership by trying to build a stadium in Carson before the project ultimately went to the Stan Kroenke-led group that built SoFi Stadium in Inglewood.

Before including the Buss shares, the deal for the Lakers’ majority stake already was the largest sum paid for any professional sports franchise, surpassed only by Walter’s $10-billion purchase of the team. It still sits below Sportico’s estimate for the most valuable franchise, with the outlet listing the Dallas Cowboys’ valuation at $15.5 billion.

Minority stakeholders Dr. Patrick Soon-Shiong, who also owns the Los Angeles Times Media Group; real estate billionaire Ed Roski; and Walter business partner Todd Boehly own about 14% of the Lakers, according to Sportico.

How Iger and Kushner will finance the Lakers deal is unclear.

When the duo agreed to buy Walter’s share last week, Kushner and Iger released a statement that in part praised the Buss family’s work with the Lakers.

“We have immense respect for the leadership and vision of Jerry and Jeanie Buss,” the statement read. “Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles.”

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MLB approves sale of Padres to José E. Feliciano, Kwanza Jones

Major League Baseball’s team owners unanimously have approved the sale of the San Diego Padres to an investor group led by private equity billionaire José E. Feliciano and his wife and business partner, Kwanza Jones.

The league announced the approval Monday after a vote. Feliciano and Jones reached an agreement in May to buy the Padres from the family of late owner Peter Seidler at an MLB-record valuation of $3.9 billion. The deal is still contingent on the official closing of the transaction in the coming weeks.

“José and Kwanza understand the unique place the Padres hold in San Diego and the powerful bond between the club and its fans,” Commissioner Rob Manfred said in a statement. “We look forward to their leadership of the Padres and to working with them to build on the club’s strong foundation in a market that is so important to Major League Baseball.”

Seidler’s family announced its intention to explore a sale of the Padres last November, two years after his death. The 53-year-old Feliciano, a co-founder of Santa Monica-based private equity firm Clearlake Capital, emerged from the competition as the Seidler family’s top choice.

Padres Chief Executive Erik Greupner and general manager A.J. Preller will remain in charge of day-to-day operations, according to MLB’s announcement.

“We are a family first, and becoming owners of the San Diego Padres means joining an even larger one,” Jones and Feliciano said in a statement. “We are grateful to the Seidler family, and especially to Peter, for raising the expectations of what this franchise can achieve. … Our ambition is clear: to bring a World Series championship to San Diego and build an enduring organization capable of competing for championships year after year. We intend to be engaged owners, bringing our energy, experience and perspective while working alongside the talented team already in place and investing ambitiously and thoughtfully in the Padres’ future.

“We are all in and committed to winning.”

Peter Seidler assumed majority control of the Padres in 2020 after first joining their ownership group in 2012, but he became beloved in San Diego for his aggressive financial pursuit of winning and his eagerness to engage with the team’s fan base. He died at age 63 in November 2023.

The Padres dramatically increased their payroll under Seidler, allowing Preller to build the foundation for the current team, which has made four playoff appearances in the past six years and won at least 89 games in three of the last four seasons during the most successful stretch in franchise history. San Diego is currently in the playoff race again, winning 17 of its last 22 games entering Monday to surge into an NL wild-card position at 67-58.

“As far as the day-to-day operations, nothing changes for us,” Padres manager Craig Stammen said in New York before San Diego’s series opener against the Mets. “We’ve got to go out here and play the games, just like we have all season long. The ownership sale has kind of been something that’s been going on throughout the entire year. It doesn’t really affect the play on the field, but we’re excited to have José and Kwanza a part of the Padres and can’t wait to welcome them.”

The minority partners in the Padres’ new ownership group include Joey and Jesse Buss, two sons of former Lakers owner Jerry Buss. Coincidentally, the six Buss siblings decided earlier Monday to sell their remaining minority ownership stake in the Lakers to incoming majority owners Joshua Kushner and Bob Iger. Jeanie Buss is contesting the sale of the family’s shares.

When Feliciano and Jones reached their agreement to purchase the Padres earlier this year, they praised the team as “a unifying force in San Diego, rooted in community, connection and belonging.” They’ve since been spotted at Padres games in San Diego and in Mexico City.

“It’s good to see people that care working with us, you know?” Padres outfielder Jackson Merrill said. “I mean, the Seidlers cared a lot. It’ll be fun to see how these people take it, mold it into their own, you know? Trust in them, as they trust in us on the field. So, full confidence in them. Excited to meet them.”

The Padres have never won a World Series, but they were a valuable commodity for potential owners as the only team in the four biggest North American sports leagues in a metropolitan area with roughly 3.3 million people. Downtown Petco Park has become one of the liveliest ballparks in the sport, and the Padres ranked second in the majors in attendance last season.

Feliciano, who was born in Puerto Rico, becomes the second Latino principal owner in baseball, along with the Angels’ Arte Moreno. Latino and Hispanic players comprise roughly 30% of major league rosters.

Feliciano and Jones will hold an introductory news conference at Petco Park on Aug. 24.

Beacham writes for the Associated Press.

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Letters: Lakers sale to Iger and Kushner is talk of L.A.

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Bill Plaschke should have consulted with his colleague Laurence Darmiento before writing his ill-informed column on the sale of the Lakers. Had he done so he would’ve realized that Joshua Kushner, who is co-buying the Lakers, is a lifelong Democrat, and therefore President Trump‘s showing up for a Lakers’ tip-off as suggested by Plaschke is off the table.

Jack Wishard
Los Angeles


In 2025, when Mark Walter acquired his majority stake in the Lakers, he said, “It’s a privilege to work alongside Jeanie Buss as we maintain that excellence and set the standard for success in this new era, both on and off the court.”

That era concluded quickly, undone by his hubris and deceit. Did he mean to say “error” both on and off the court? That he did quite well.

David Griffin
Westwood


Like in real estate, the Lakers were flipped by Dodgers majority owner Mark Walter after only 10 months of ownership. One person took a “flip in his grave,” previous owner Jerry Buss, who died in 2013. The Lakers as an organization have never been the same since his passing.

Wayne Muramatsu
Cerritos


Former Disney head honcho Bob Iger, et al., owning the Lakers? Can’t wait to see Goofy and Mr. Toad as ushers at the Crypt!

Jack Wolf
Westwood


Lakers previous owner Mark Walter is under federal investigation for possible loan fraud, and new Lakers owner Joshua Kushner’s company, Thrive Eternal, participated in the recent FIFA private equity scandal. Why can’t NBA owners avoid financial shenanigans? Thank God for Clippers owner Steve Ballmer. … Oh, wait.

Jonathan Curtiss
Sherman Oaks

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Winter Wonderland tickets are ALREADY on sale

WINTER Wonderland tickets have dropped today with a whole host of new attractions and cheaper tickets.

The UK’s largest Christmas event has released its tickets for this year’s event which will run from November 19 to January 3.

Winter Wonderland tickets go on sale today Credit: © Joshua Atkins
And this year there are new attractions Credit: © Justine Trickett

And this year there will even be £1 tickets available.

All entry tickets from Monday to Thursday throughout November will be off-peak and priced at just one quid per person.

New attractions at this year’s event include a K-Pop circus as well as a frozen ‘Neverland’.

Gandeys K-Pop Dragon Circus, will debut exclusively at Winter Wonderland featuring storytelling, comedy and “breathtaking visuals with an electrifying soundtrack”.

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The Magical Ice Kingdom will then be home to ‘Neverland’ in association with Great Ormond Street Hospital Charity (GOSH Charity).

Inside, people can explore ice sculptures and for the first time ever, visitors will be able to step though the Jolly Roger and into a world inspired by Neverland with Peter Pan and Wendy.

Fan favourites will also return including The Giant Wheel, which is the world’s largest transportable wheel, stretching 70 metres high.

And of course, there’s the UK’s largest open-air ice rink too.

Collage of travel items including a plane, sunscreen, passport, suitcase, and plane tickets, advertising The Sun's travel Instagram account.
As well as £1 tickets Credit: © Joshua Atkins

Little ones are left out of the fun, as Winter Wonderland is home to the UK’s largest free Santa’s Grotto as well.

Also new for this year, is The Coaster Pass which allows visitors to head on all the rollercoasters.

There’s The Explorers Pass, which gets fans access to the most loved attarctions including the Real Ice Slide and the Haunted Mansion.

Great for families, there’s The Sand Land Unlimited Ride Pass, where you can go on the 16 Santa Land rides as many times as you like for £27.50.

There are three different advance entry ticket options including off-peak for £1, standard for £5.50 and peak for £8.25.

Entry fees are also waived when visitors spend £25 on activities in advance.



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The Sports Report: Lakers sale doesn’t make any sense

Lakers sale makes no sense

From Bill Plaschke: The Lakers are being sold … again?

The Lakers are being sold … by the Dodgers owner who was supposed to save them?

The Lakers are being sold … to one guy who owns an underachieving women’s professional soccer team and another guy who owns a piece of the hated San Francisco Giants?

What in the name of Luka is going on here?

Los Angeles sports fans awoke Wednesday to the news that one of their two crown jewels was being sold for the second time in a year, a transaction valued at $12.5 billion and accompanied by at least that many worries.

This doesn’t feel good. This doesn’t feel right. Something stinks here, and it might just be the future of a franchise that once seemed in such good hands.

On Wednesday it was stunningly and ingloriously fumbled, and for what?

There are two main unknowns here, and both should send shivers through a Laker fan base that could be watching their team become the Portland Trail Blazers.

First, why did Mark Walter sell just 10 months after buying? Yes, he made a $2.5 billion profit, but 10 months? Who owns a major sports franchise for just 10 months?

Second, what sort of owners will Bob Iger and Josh Kushner be? Iger is known for running Disney, and Kushner is known for running with President Trump’s son-in-law, who happens to be Kushner’s brother, Jared.

So crazy. So scary.

Continue reading here

Bob Iger, Joshua Kushner to buy Lakers from Mark Walter’s ownership group for $12.5 billion

Swanson: Bob Iger could be the Imagineer to lead the Lakers back to glory

New Lakers co-owner Joshua Kushner is a lifelong Democrat with deep interest in sports

What Bob Iger’s Angel City ownership can illuminate about his impending Lakers acquisition

Lakers begin NBA Cup play at Warriors on Oct. 30

Buying the Lakers cements Bob Iger’s longtime dream of owning major sports franchises

Mark Walter has no plans to sell Dodgers after unloading Lakers

Go beyond the scoreboard

Get the latest on L.A.’s teams in the daily Sports Report newsletter.

Dodgers sweep the Royals

From Maddie Lee: Dodgers left-hander Eric Lauer adjusted his cap and glanced into the stands as he walked off the field to a standing ovation.

In the Dodgers’ 4-2 win against the Kansas City Royals, completing a sweep at Dodger Stadium, Lauer held the Royals to two runs (one earned) in 6 ⅓ innings.

“It was really nice,” Lauer said, noting how much more enjoyable it was to pitch well at Dodger Stadium for the home team, instead of the opposition. “It always makes you feel good walking off the mound and having people appreciate what you did out there.”

The Dodgers (73-48) got home runs from Mookie Betts, Shohei Ohtani and Hunter Feduccia.

The Dodgers, with a short bullpen after playing extra innings twice in four games, needed Lauer to pitch deep into the game.

That plan seemed to be in jeopardy as he labored through the first three innings, his pitch count climbing to 64. But the next three, he only gave up just one walk.

“Wasn’t getting a ton of swing out of zone,” Lauer said. “So mentally I just had to lock in a little bit more in-zone, make sure I was throwing quality pitches in zone, and not try to be so fine. Give myself more plate to work with and try to get some quick soft contact.”

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Dodgers box score

MLB standings

Freddie Freeman gets a scare

From Maddie Lee: Dodgers first baseman Freddie Freeman tracked Royals hitter Isaac Collins’ fly ball through foul territory to just outside the visiting dugout at Dodger Stadium.

He had a plan. With one out in the top of the eighth inning, Freeman was going to lean over the rail to make the catch.

He shuffled, shifted his weight, and the ground disappeared out from under him.

“Obviously there was no rail,” a sore but apparently not seriously injured Freeman said after the Dodgers’ 4-2 win against the Royals.

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Angels defeat the Rangers

Mike Trout had three hits and two RBIs, Jose Siri keyed a three-run sixth inning with a pinch-hit RBI double, and George Klassen earned his first major league win in the Angels’ 5-2 comeback victory over the Texas Rangers on Wednesday night.

Klassen (1-1) gave up two runs and five hits over six innings, striking out five and walking one in his fourth career start. Angels reliever Blake Weiman threw a scoreless seventh before giving up two hits and striking out one in the eighth.

Ryan Watson replaced Weiman and escaped the two-on, one-out jam. Ben Joyce, who missed most of the past two seasons because of shoulder injuries, retired the side in order in the ninth for his fifth career save and first since Sept. 1, 2024.

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Angels box score

MLB standings

What to watch for in Chargers’ first preseason game

From Joaquin Ruiz: Coach Jim Harbaugh said roughly 15 starters won’t play in the Chargers’ preseason opener against the Houston Texans, and there are several spots on the depth chart that still need to be decided.

“The preseason games will give us a window of insight into where everybody is,” Harbaugh said.

Here are five position groups to monitor when the Chargers face the Texans on Thursday at 5 p.m. PDT (CBS, NFL+).

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Derek Carr says Bob Chesney is a winner

From Sam Farmer: His NFL playing career is over, but Derek Carr is far from done with football.

UCLA announced this week that it has hired Carr as a special advisor to football coach Bob Chesney, and that the four-time Pro Bowl quarterback will assist with the Bruins’ offensive staff in game-planning strategy.

“Coach Chesney is a leader of men,” said Carr, who was at Dodger Stadium on Monday evening and was on the field before the game. “So many guys get hired just based on scheme. This is a guy who stands up in front of the room and leads.”

“You can feel his presence,” Carr said of Chesney, hired in December after his rise to coaching prominence at Holy Cross then James Madison. “You can feel the team respond to him. … It wasn’t so much what he said, it was how he said it. He was so demanding of the team, yet so encouraging.

“He can demand, demand, demand, but also love them at the same time, to the point where they’re like, `OK, coach, whatever you want.’”

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This day in sports history

1919 — Upset scores a win against Man o’ War in the Sanford Memorial Stakes at Saratoga. The defeat is Big Red’s only loss in 21 starts.

1933 — Gene Sarazen wins the PGA Championship by defeating Willie Goggin 5 and 4 in the final round.

1935 — The first roller derby begins in Chicago by promoter Leo Seltzer.

1987 — Jackie Joyner-Kersee equals the world record in the women’s long jump — 24 feet, 5½ inches — in the Pan American Games at Indianapolis. She matches the mark set in 1986 by Heike Dreschler of East Germany.

1995 — Cuba’s Ana Quirot, severely burned in a 1993 kitchen accident, wins the 800 meters at the world championships at Gothenburg, Sweden.

1995 — Steve Elkington shoots a final-round 64 and birdies the first playoff hole to beat Colin Montgomerie and win the PGA Championship. The 64 is the lowest final round by a PGA Championship winner.

1997 — Wilson Kipketer topples Sebastian Coe’s 16-year-old record in the 800 meters, finishing in 1 minute, 41.24 seconds in Zurich, Switzerland. Haile Gebrselassie also shatters his own 5,000 record with a time of 12 minutes, 41.86 seconds.

2002 — Natalie Coughlin breaks the 100-meter backstroke world record, timed in 59.58 seconds at the U.S. national championships. She is the first American to hold the world record since Catherine Ferguson in 1966.

2008 — Michael Phelps swims into history as the winningest Olympic athlete with his 10th and 11th career gold medals and five world records in five events at the Beijing Games. He wins the 200-meter butterfly and swims leadoff for the U.S. 800 freestyle relay team.

2016 — The U.S. women’s 4×100-meter medley relay team of Kathleen Baker, Lilly King, Dana Vollmer and Simone Manuel — winners at the Rio Games — delivers the nation’s 1,000th gold medal in Summer Olympics history. Michael Phelps closes the Rio Olympics with a gold medal in the butterfly leg of the 4×100 medley relay. Phelps finishes his career with 28 medals, having won five golds and a silver at these games.

Compiled by the Associated Press

This day in baseball history

1910 — The Brooklyn Dodgers and the Pittsburgh Pirates played to an 8-8 tie. Each team had 38 at-bats, 13 hits, 12 assists, two errors, five strikeouts, three walks, one hit batsman and one passed ball.

1921 — George Sisler of the St. Louis Browns became the first batter in American League history to hit for the cycle twice. Sisler went 5-for-5 and drove in three runs in a 7-5, 10-inning win over the Detroit Tigers.

1921 — John “Mule” Watson of the Boston Braves pitched two complete-game victories over the Philadelphia Phillies.

1931 — Tony Cuccinello of the Cincinnati Reds had six hits in six at-bats in the first game of a doubleheader at Boston. Cuccinello had a triple, two doubles and three singles to knock in five runs as the Reds won 17-3. Cuccinello hit a three-run homer in the eighth of the nightcap to give the Reds a 4-2 win.

1939 — The New York Yankees beat the Philadelphia Athletics 21-0 to equal the major-league record for lopsided shutouts. Every batter in the Yankees lineup hit safely. Joe DiMaggio and Babe Dahlgren had two home runs apiece, each hitting an inside-the-parker. Pitcher Red Ruffing had four hits and drove in three runs.

1948 — Satchel Paige, 42, pitched his first major league complete game against the Chicago White Sox. Paige gave up five hits en route to 5-0 Cleveland victory.

1957 — Milwaukee pitcher Lew Burdette hit his first two home runs to lead the Braves to a 12-4 win over the Cincinnati Reds.

1969 — Jim Palmer of the Orioles, plagued by arm trouble the year before, threw an 8-0 no-hitter against the Oakland A’s in Baltimore.

1979 — St. Louis’ Lou Brock reached 3,000 hits with an infield hit off Chicago Cubs pitcher Dennis Lamp. St. Louis won 3-2.

2004 — Kansas City rookies Abraham Nunez and John Buck hit grand slams to lead the Royals past the Oakland Athletics 10-3.

2005 — New York Yankees closer Mariano Rivera blew his first save since April 6 in a 7-5 win over Texas. Rivera had converted a career-best 31 consecutive saves before allowing Kevin Mench’s two-run tying single in the ninth.

2013 — Paul Goldschmidt hit the first pitch of the 11th inning for a game-ending home run after leading off the ninth with a tying homer, to help Arizona beat Baltimore 4-3 with a winning blast for the second straight night.

2015 — The Toronto Blue Jays won their 11th straight game, beating the Oakland Athletics 4-2. The AL East leaders also won 11 in a row in June, becoming the first team with winning streaks of at least 11 since Cleveland in 1954.

2016 — Tyler Austin and Aaron Judge became the first teammates to hit home runs in the first at-bats of their major league debuts in the same game, sparking the New York Yankees to an 8-4 win over Tampa Bay.

2018 — Ronald Acuna Jr. hit leadoff homers in both games of a doubleheader for the Atlanta Braves.

2020 — Mookie Betts hits three home runs (the 6th of his career) in an 11-2 win over the Padres. the three home run game ties Betts with Johnny Mize and Sammy Sosa for the most all-time although Betts reached the total in 813 games while Mize needed 1,884 and Sosa 2,364.

Compiled by the Associated Press

Until next time…

That concludes today’s newsletter. If you have any feedback, ideas for improvement or things you’d like to see, email me at houston.mitchell@latimes.com. To get this newsletter in your inbox, click here.

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Too many questions. Lakers sale doesn’t pass smell test

The Lakers are being sold … again?

The Lakers are being sold … by the Dodgers owner who was supposed to save them?

The Lakers are being sold … to one guy who owns an underachieving women’s professional soccer team and another guy who owns a piece of the hated San Francisco Giants?

What in the name of Luka is going on here?

Los Angeles sports fans awoke Wednesday to the news that one of their two crown jewels was being sold for the second time in a year, a transaction valued at $12.5 billion and accompanied by at least that many worries.

This doesn’t feel good. This doesn’t feel right. Something stinks here, and it might just be the future of a franchise that once seemed in such good hands.

On Wednesday it was stunningly and ingloriously fumbled, and for what?

There are two main unknowns here, and both should send shivers through a Laker fan base that could be watching their team become the Portland Trail Blazers.

First, why did Mark Walter sell just 10 months after buying? Yes, he made a $2.5 billion profit, but 10 months? Who owns a major sports franchise for just 10 months?

Second, what sort of owners will Bob Iger and Josh Kushner be? Iger is known for running Disney, and Kushner is known for running with President Trump’s son-in-law, who happens to be Kushner’s brother, Jared.

So crazy. So scary.

Does all this mean the Dodgers are also for sale? Will courtside seats be converted to spinning teacups? Is President Trump going to show up for a ceremonial opening tip?

Mark Walter, chairman and controlling owner of the Dodgers, acknowledges a fan before a game in Chicago on Aug. 4.

Mark Walter, chairman and controlling owner of the Dodgers, acknowledges a fan before a game in Chicago on Aug. 4.

(Melissa Tamez / Associated Press)

Lots to dig in here, starting with Walter, who brought much hope to the struggling franchise after buying it from the Buss family last summer.

In his short tenure the Lakers racked up a bunch of off-court wins. They revamped their scouting department, increased a focus on analytics and rid themselves of LeBron James without the usual noise of an ugly breakup.

Under Walters, the Lakers didn’t fire Rob Pelinka, didn’t fire JJ Redick, brought back Austin Reaves, and actually set the team up for a pretty exciting playoff run next season.

Walter was clearly building the Lakers into the image of the Dodgers, which makes it so shocking that he would so easily cast them aside.

Could this be the result of outside forces? Walter is under federal investigation for tax fraud by companies controlled by the billionaire, and perhaps he sold the Lakers as a peace offering to the feds. The fact that he sold to somebody so close to President Trump could also help his federal case.

Remember last month when Walter embarrassingly groveled at Trump’s feet during the Dodgers visit to the White House, even giving the president a championship ring? It feels like the Lakers sale to a group co-led by Kushner is an outgrowth of that pandering.

Sources told The Times’ Bill Shaikin that the Dodgers are not for sale, but if Walter was troubled enough to sell arguably America’s most glamorous sports franchise after owning it for less time than it takes for Edwin Díaz to walk to the mound, who knows if the Dodgers are really safe?

In Walter, the Lakers had a proven champion who forged a partnership with the fans and rewarded them with sustained success.

In Iger and Kushner, the Lakers have two rich guys who have never been the majority owners of a team, never run a team and never done much more than cheer for a team.

Iger, 75, an entertainment genius who ran Disney for much of the last 20 years, has failed in his previous attempts to buy a sports team. A decade ago, he was in the finals to bring an NFL team to Los Angeles, but lacked the gravitas to pull it off.

In 2024, Iger and his wife, USC journalism dean Willow Bay, bought a controlling stake in the Angel City Football Club in the National Women’s Soccer League. But the team has yet to make any sort of local splash, missing the playoffs in each of the last two seasons.

Bob Iger, former Disney CEO in a white shirt, sits in a courtside seat for a Clippers game in 2025.

Former Disney CEO Bob Iger, in white shirt, has been a longtime basketball fan. In 2025 he sat courtside for a Clippers game at Intuit Dome.

(Allen J. Schaben / Los Angeles Times)

Kushner, meanwhile, is a 41-year-old billionaire venture capitalist who is best known for his brother’s father-in-law and his super-model wife Karlie Kloss. He owns a minority stake in not only the Giants, but the Miami Heat, which he must sell.

There is no indication whether they will be good owners, and they will clearly have to hire a seasoned NBA executive to serve as president to run the show. The identity of this person will be the first sign of their seriousness in restoring a championship culture, but there will be other signs as well, and not all could be positive.

There should be fear that these new wonders will follow the path of the most recently minted NBA owner, Portland’s Tom Dundon, who unapologetically cheapened the organization by doing everything from firing 70 business employees to bucking NBA tradition by refusing to pass out free T-shirts to the fans during playoff games. He even showed the door to both the club’s radio and TV play-by-play announcers in a dramatic cost-cutting move that could be a blueprint for other struggling teams.

Which is to say, nobody has any idea how Kushner and Iger will run things. They have no history here. They have no experience. They have no credibility. This isn’t Disney. This isn’t some hedge fund.

These are the 17-time NBA champion Lakers. This is a national monument forged on the sweat of everyone from Jerry West to Magic Johnson to Kobe Bryant.

This is a community’s heartbeat. This is a region’s touchstone.

Handle with care.

A city will be watching.

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North No Hero, Dole States in Assailing Iran Arms Sale

Senate Republican Leader Bob Dole, disagreeing sharply with Vice President George Bush, has blasted the Iranian arms sale as contrary to American principles and declared that Lt. Col. Oliver L. North is no hero.

Bush supported President Reagan’s covert plan of selling arms to Iran in exchange for American hostages held in Lebanon. And the vice president has hailed North, who has admitted lying to Congress and destroying official records in an effort to conceal his role in the Iran-Contra scandal, as someone who will go down in history as a hero.

Dole, in a television interview with British journalist David Frost, to be broadcast nationwide on Sunday, said the Iranian arms sale “runs against the grain of everything we stand for in America.”

When pressed on whom he blames for “the whole Iran-Contra mess,” Dole pointed out that Reagan had accepted responsibility for it and said the President “gets a little of that . . . . Everybody around him gets a little of that.”

History will regard North as a patriot with an exemplary record, Dole said, but as an agent for Reagan in the Iran-Contra affair the Marine officer “overstepped his bounds,” did not serve the President well and “is not a hero in that regard.”

In a program broadcast on Dec. 6, Bush told Frost that North did a better job even “than our great communicator of a President” in expressing what was at stake in Central America during the Iran-Contra hearings and that “the American people in every bar in Chicago and every bowling alley in Texas and every little home said: ‘Hey, this guy believes in something, and I can identify with it.’ ”

Public opinion polls show Bush with a substantial lead in the race for the GOP presidential nomination, with Dole holding a firm grip on second place and the other four candidates trailing far behind.

Dole and his wife, Elizabeth, who resigned as Reagan’s transportation secretary to campaign for her husband, both were interviewed by Frost for the hourlong program. It is the sixth of a 13-part series, called “The Next President,” which features interviews with presidential candidates and their wives and is co-produced by Frost and U.S. News & World Report.

The senator said it is possible that his wife, a former Federal Trade Commission member and presidential assistant who has frequently been mentioned as a candidate for vice president, will be selected as a running mate for the Republican presidential nominee.

‘Some Interest’

Although there is “some interest” in her being on the ticket, he said, it “probably is not going to happen unless she is on the ticket with someone else. Now that could happen.”

The senator, who has frequently drawn attention to Bush’s prep school and country club background, described his own working-class upbringing in Russell, Kan., in the Frost interview and said the Republican Party needs to reach out to “hard-working, real people” to dispel its image as a party of the privileged.

As the older brother of his family, Dole said, he handed down his clothes to his brother, Kenny, and his sister Gloria handed down her clothes to her younger sister, Norma Jean.

“There weren’t a lot of wealthy families in our little hometown,” he said. “My father wore overalls every day to work. So we . . . certainly didn’t have much money, but I remember my dad had an old car called a Whippet, which is quite an automobile.”

With other young boys in Russell, he said, he “raked the leaves and mowed the lawns and delivered handbills and newspapers and sacked groceries and worked in my father’s cream and egg station.”

In recalling the eight years he served as county attorney while still a young man in Russell, Dole said that every month he had to approve welfare claims and every month he found his grandparents on the welfare list.

“And you know,” said Dole, who frequently stresses the need for government assistance to the disadvantaged, “they weren’t lazy, but they were poor and they were old. And they’d been farmers. And I think that’s another dimension. Seems to me leadership is about a lot of things.

“But it’s got to stem from who you are and where you’re from and all those things. I mean, your own life is the key to whatever you’re going to do later on.”

Dole said he went through a “fairly dark” period right after Jimmy Carter defeated then-President Gerald R. Ford in the 1976 election. As Ford’s running mate, Dole made several harsh attacks on the Carter-Mondale ticket that some political observers thought were counterproductive and may have even cost Ford the election.

“But I remember Richard Nixon calling me the day after the election and saying: ‘Now, Bob, get ready. Somebody is going to be looking for a scapegoat,’ ” Dole said. “They are going to be saying Ronald Reagan didn’t work hard enough, Nelson Rockefeller didn’t work enough, Bob Dole didn’t work hard enough, Jerry Ford made the gaffe about Poland. So I was already prepared.”

Reshaping Image

Mrs. Dole has been widely credited with helping to soften her husband’s image since the 1976 election, and the senator said that, although he could not say whether this was true, his wife had been helpful in consulting with him after reviewing tapes of all his appearances on television during the 1976 campaign.

“All the tapes where people said Bob Dole had been harsh and some even said a ‘hatchet man,’ ” the senator said. “She concluded they were not accurate. But, in any event, I think from that standpoint it’s been very helpful.”

Frost asked Mrs. Dole whether she understood the “troubled reaction” of a minority of women who questioned her giving up her career to help her husband in his quest for the presidency.

“Well, you know, as you said, it was a minority,” she said. “The overwhelming response that I had was yes, you did the right thing. My feeling about it is that we women have worked hard for the right to make our own career decisions, to make our own decisions generally, to do what we feel is right and best. And this was very much a personal decision.”

Citing an article in a Washington publication that compared Mrs. Dole to Jackie Kennedy, “a glamorous feminine figure draped in a frame of steel,” Frost asked if she liked that description.

“Oh, my goodness,” Elizabeth Dole said. “Well, I’m a believer in being yourself, and I don’t think that women have to make themselves over into the image of a man to be successful at what they do. I really think we should all be ourselves.”

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10 suitcases currently on sale on the high street including Dunelm and Argos

IF YOU are going on holiday, there is one item you can’t travel without.

Well, two if you include your passport.

Tonnes of high street brands have suitcases in the sale at the moment Credit: PA

Finding an affordable suitcase can often feel like looking for a needle in a haystack.

But thankfully, loads are on sale at the moment so here are the best discounted suitcases available at the moment from high street shops.

Vienna 4 Wheel Hard Shell Medium Suitcase

M&S has a medium suitcase for just £28 Credit: M&S

This hard-shell medium sized suitcase from M&S boasts four wheels making it easier to drag around the airport.

It has both side and top grab handles, as well as a zip around divider.

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It is nice and lightweight as well, weighing just 3.2kg and can store up to 70L.

As for size, it measures 67 x 45.5 x 27.5 cm.

Character Wheel Case

Sports Direct has Trunki-style ride on suitcases in the sale Credit: Sports Direct

Looking for a kids option? Well, head to Sports Direct and pick up one of their Trunki-style character wheel cases.

Available in Elsa from Frozen, Spider-Man or Minnie Mouse, these cases are both practical and fun for kids as you can even ride on it.

Even more practical with bouncing kids, the suitcase features a hard shell helping to protect the contents of the case.

The case has four wheels and measures 48 x 31 x 25cm.

Linea Adults Open Front Hard Suitcase

Sports Direct sells this hard hell suitcase with a handy front pocket Credit: Sports Direct

This 56cm hard shell suitcase has a handy front opening pocket, to give you easy access to your essentials.

You can also get the case in medium and large for a few extra quid.

The case also has four wheels, a TSA-approved lock and is waterproof as well.

Inside the case, there is a large pocket too, ideal for separating your items out.

Slazenger Trolley Suitcase Nest 5pc

If you need suitcases for the entire family, you can get a set of five for less than £80 Credit: Sports Direct

Looking for a cheap answer for the entire family? Then look no further than this five-piece suitcase set from Slazenger at Sports Direct.

These basic black soft shell suitcases have pockets for separating items out as well as handles on both top and sides.

Perfect for a family, each case even has a card name on the back to help you identify it is your bag when collecting from the luggage belt.

From smallest to largest the cases measure:

  • 47 x 31 x 22cm (can be expanded to become 20 per cent bigger)
  • 54 x 35.5 x 23cm (can be expanded to become 20 per cent bigger)
  • 64 x 40 x 22cm
  • 74 x 45 x 25cm
  • 84 x 49.5 x 28cm

Rock Luggage Santiago Seagrass 2 Piece Suitcase Set

If you fancy something more stylish you could pick up this duo from Dunelm Credit: Dunelm

If you fancy something a little more stylish, you can opt for this two piece suitcase set, which includes a cabin bag and a large suitcase.

Each case has a combination lock and is in the colour ‘seagrass’.

The cases are also covered by a 15-year guarantee.

The cabin case measures 54 x 36 x 22cm and the large suitcase measures 74 x 45.5 x 30cm.

Constellation Skyline Hard Shell Suitcase

Dunelm also has large hard shell suitcases for just £31.50 Credit: Dunelm

If you are looking for a new large suitcase, then this option is great with a hard shell, four wheels and gel grip handles.

The large case measures 76.5 x 52.5 x 29.5cm but you can also get it in a cabin size and medium size.

Featherstone 4 Wheel Hard Cabin-Size Suitcase

Argos has the cheapest suitcase, costing just £12 for a cabin bag Credit: Argos

The cheapest on this list cost just £12 for a cabin case, which you can pick up from Argos.

This plain black, hard shell case boasts four 360-degree wheels for easy maneuvering.

It also has top and side handles.

The case measures 55 x 35 x 20.5cm and has a five-year warranty.

it Luggage Children’s Brick 4 Wheel Hard Cabin Suitcase

Another option for kids is this it Luggage case that comes with a 10-year warranty Credit: Argos

Another great children’s option is this it Luggage cabin suitcase.

Designed to look like a brick, the case is hard shell and has four wheels.

On the inside it splits into two packing zones and has a 10-year warranty as well.

The case is suitable for kids aged three and older and measure 46 x 29 x 21.5cm.

2 Piece Soft 2 Wheeled Luggage Set

A cheap set of two suitcases from Argos costs less than £35 Credit: Argos

Another set of luggage, this time from Argos, include two soft shell suitcases each with two wheels.

The cases come with a 10-year warranty and measure 54.5 x 35 x 16.5cm and 75.5 x 44.5 x 21cm.

Set of 3 Geneva 4 Wheel Soft Suitcases

You could get a matching set of suitcases for £120 Credit: M&S

Going on a big trip? Then this is the set for you.

Not one or two, but three soft shell suitcases from M&S – a cabin bag, medium suitcase and large suitcase.

All of the suitcases can be expanded and feature four wheels.

Inside there are pockets as well for separating out your stuff and on the outside of each case there is a TSA lock.

The cabin bag measures 56 x 34.5 x 24cm, the medium case measures 67 x 39.5 x 27cm and the large measures 79 x 46 x 31cm.

The cases can store 40L, 68L and 106L respectively.

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BP puts North Sea oil fields up for sale as part of restructuring

British oil giant BP announced plans Friday to sell off its North Sea business ending six decades of exploration and extraction on the U.K. Continental Shelf since the company first struck gas there in 1964. File photo by Neil Hall/EPA

July 31 (UPI) — British oil giant BP announced plans Friday to sell off its North Sea business, ending six decades of exploration and extraction in the U.K. Continental Shelf since the company first struck gas there in 1964.

The firm said that nothing would change for the time being while a buyer was found, vowing in a news release that it was fully committed to continuing to run its operations, prioritizing safety and dependability, while delivering for its customers, partners and investors.

The outcome of a review of its portfolio, BP said the goal was to enhance the value of the company by making it simpler and stronger through adhering to its approach of allocating capital in a rigorous fashion.

“The North Sea remains integral to the U.K.’s energy system. However, as we focus our portfolio and direct capital to our highest-value opportunities, we believe our North Sea business will be better positioned as part of another company. It has world-class people, resilient assets and a proud heritage, and it is precisely these qualities that can attract an owner ready to back its next chapter,” said BP.

“We are seeking an outcome that recognizes that value.”

CEO Meg O’Neill stressed that Britain would remain of key importance to the company going forward, saying BP was proud of the employment it generated, its input to the economy and its role in keeping energy flowing every day.

As recently as May, O’Neill described the North Sea basin as one of “untapped potential.”

The share price gained slightly on the news, rising a little more than 1% to $7.36 in mid afternoon trade on the London Stock Exchange on Friday.

BP has 24 fields across five main nodes in the North Sea, including its key Clair Ridge and Schielhallion fields of the Shetland Islands, with 1,100 workers pumping a little under 100,000 barrels of gas and oil daily.

Energy consultant Rystad, which estimates the North Sea business was worth $2.6 billion, told the Financial Times that it believed that the TotalEnergies-HitecVision-Repsol joint venture Neo Next +, Delek Group of Israel or Eni of Italy were in the running to buy it.

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UEFA to boycott World Cup as CONCACAF and Asia denounce FIFA sale

European nations agreed Thursday to boycott the World Cup and all other FIFA competitions to protest Gianni Infantino’s plan to sell stakes in soccer’s biggest tournament to private equity investors. The North American soccer body rejected his plan later the same day.

“UEFA and its national associations will not participate in FIFA competitions,” the European soccer body said after an urgent online meeting of its 55 member nations.

The next scheduled FIFA tournament is within weeks in Europe — the Women’s Under-20 World Cup hosted by Poland from Sept. 5 — and the four British federations comprise FIFA’s only bidder to host the 2035 Women’s World Cup. That decision is due Nov. 23.

“Some things are simply too important to sell,” UEFA said in a statement. “The FIFA World Cup belongs to football. It always will. And so long as Europe has a voice, it will never be for sale.”

The strategy meeting was called to counter FIFA president Infantino’s offer of $20 million to each of FIFA’s 211 global members that has to be accepted by mid-September.

Later Thursday, the 41-member Confederation of North, Central American and Caribbean Assn. Football (CONCACAF) met and announced it rejected Infantino’s plan.

In a statement, CONCACAF said members “expressed deep concerns about the lack of due process surrounding the proposal, the artificially short deadline imposed, and the absence of any review or approval by the relevant FIFA governance bodies.” It also questioned the need for outside investment “following the most profitable FIFA World Cup in history.”

Infantino’s secret project was revealed Tuesday to spin off its commercial operations in a new $20-billion subsidiary called FIFA Forward Enterprise (FFE) 20% owned by private investors. The core investor would be a New York investment firm created by Joshua Kushner, the brother of U.S. President Trump’s son-in-law Jared Kushner.

Infantino wrote Tuesday to the 211 members — already the effective owners of FIFA as a nonprofit association under Swiss law — that if they approve FFE their promised $10-million basic funding for the next four years will double to $20 million. He projected their FIFA funding through 2038 would be $86 million each, instead of about $36 million.

“This is not merely a profound failure of leadership, but an abdication of FIFA’s duty as the custodian of world football,” said UEFA, where Infantino was a longtime staffer and its CEO-like general secretary when he was first elected to lead FIFA in 2016.

Infantino’s presidency at risk?

Infantino’s high-stakes financial gambit now could threaten his previously secure 11-year presidency of FIFA as anger and frustration with him rises among soccer stakeholders including three of the six continental bodies.

FIFA has set a Nov. 18 deadline for potential candidates to declare in a presidential vote of the 211 members scheduled next March in Rabat, Morocco.

Infantino had seemed — 11 days ago after the World Cup final in East Rutherford, N.J. — to have a clear path to being reelected unopposed for a fourth and final term in office through 2031, despite a furor over letting United States forward Folarin Balogun play against Belgium despite a red card in his previous game.

Soccer officials have said privately Infantino has eyed a lucrative commissioner-like role at the FFE spinoff beyond 2031.

“Game over, Gianni #InfantinOUT,” the Football Supporters Europe group, which advises UEFA on fan issues such as ticket prices, posted after the boycott threat.

Soccer’s concern at investor pressure

UEFA detailed Thursday why soccer officials fear external investors owning a stake of the global game’s biggest events, including World Cups and Club World Cups for men and women.

“The moment external investors acquire ownership interests in FIFA competitions, football changes forever,” UEFA said. “Commercial return becomes a permanent obligation. Investor expectations become a daily pressure.”

Infantino has presented the private equity offer as a chance to “turbocharge” funding development of soccer across the world, where a majority of the 211 FIFA members rely on its funding.

Officials from about 40 UEFA members spoke at the urgent meeting, with anger expressed that FIFA is not using some of its multi-billion reserves to fund extra development programs.

“As a result of today’s discussion, no UEFA national teams will participate in any FIFA competition for so long as these proposals remain alive,” the European soccer body said, “unless this proposal has been abandoned in its entirety and binding assurances have been given that FIFA will never again open its governance or competitions to private ownership.”

Asia adds rare criticism of Infantino

On a seismic day in soccer politics, a traditional bedrock of support in Asia for FIFA and Infantino had earlier Thursday been shaken.

“FIFA’s unilateral actions appear to undermine the very foundations of continental football,” the Asian Football Confederation president Sheikh Salman bin Ibrahim Al Khalifa said in a letter to its 46 members of FIFA, warning of risks to their own competitions.

Sheikh Salman, an ally to Infantino since losing the FIFA presidential election to him in 2016, wrote “such an initiative will not succeed without the support of all the confederations, which is not the case now.”

In a video message published Wednesday by FIFA, Infantino insisted spinning off its money-making operations was “an offer, not an obligation.”

A FIFA presentation for its members, co-written with its banking advisors from J.P. Morgan and seen by the Associated Press, set a goal for FFE as “commercial rigor and expertise to better capitalize on broadcast rights, sponsorships and a growing tournament portfolio.”

FIFA squeeze on continental games

That growing portfolio probably would include adding more teams to FIFA competitions such as the World Cup and Club World Cup for men and women, and potentially staging them more often than every four years, including in the U.S.

FIFA adding teams, games and competitions would squeeze the value, status and space in the congested global fixture calendar for those that fund and are organized by the six continental soccer bodies like UEFA and the AFC. Those include World Cup qualifying games, continental tournaments and Champions Leagues.

“It is important that the AFC family has a complete understanding,” Sheikh Salman wrote, “of how such an initiative may affect key areas of global and Asian football, including the sustainability of confederation and [domestic] competitions, as well as the organization and commercial landscape surrounding the AFC’s activities.”

UEFA’s previous boycott threat

A threatened World Cup boycott from Europe helped derail Infantino’s plan in 2021 to play World Cups every two years instead of four.

Dunbar writes for the Associated Press.

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The London bus tour that’s PERFECT for kids is on sale this summer

An image collage containing 3 images, Image 1 shows NINTCHDBPICT001098259512, Image 2 shows Family taking selfie with view of Big Ben in background, London, England, UK, Image 3 shows NINTCHDBPICT001098259517

IS there anything more traditionally British than a big double-decker bus?

The Original London Bus Tour offer tours around the capital in classic, open-top buses – and there are some major savings to be had this summer.

The Original Tour are offering 25% off kids tickets for the Kids Tour of London this summer Credit: The Original Tour

Claim 25% off kids tickets for the The Original London Kids Tour

Families looking for an exciting day out in London can save 25% on children’s tickets for The Original Tour’s guided Kids Tour of London, with kids under 2 going free.

The tour is the only one of its kind, as the only live guided London bus tour that is catered specifically to kids.

Families can learn all about London from an enthusiastic tour guide on a 45 minute-long trip around the city.

The route will help you tick off all the major London sights, without the faff of hopping on and off the busy underground or walking long routes that are tiresome for little legs.

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Simply sit back and relax on the open-top bus, where you are guaranteed a top deck seat.

You’ll cruise past landmarks like Buckingham Palace, Big Ben, Trafalgar Square, Downing Street, the London Eye and more.

But it’s not only about ticking off all the sights.

With the child-friendly commentary from the live tour guide, you’ll learn all the hidden secrets of London and fascinating facts that will make your day out all the more interesting.

Come September, the kids will have plenty of new knowledge to impress with at school – along with those fond family memories.

As the tour is catered to families, you can expect all the comforts like room to park your pram downstairs, free Wi-Fi, plus you’re allowed to bring snacks onboard.

The Original Tour offer the only open-top bus tour in London designed specifically for kids Credit: The Original Tour

Claim 25% off kids tickets for the The Original London Kids Tour

The best part? You can also claim seven other freebies as part of the offer.

Your ticket also includes a Hop-On Hop-Off River Thames cruise, where you can soak up the sights from the water.

Plus you’ll get access to six self-guided walking tours via The Original Tour’s partner app.

That’s three ways to see London for the price of one – all of which are kid-friendly, hassle-free and put together by experts.

That way you can put together the perfect family day out in London during the school summer holidays that won’t break the bank.

Tours depart from Charles II Street, beside His Majesty’s Theatre. It’s recommended to arrive at least 10 minutes early, as seats are allocated on a first-come, first-served basis.

For added flexibility during the summer holidays, you can amend up to 24 hours before departure.

You can book your ticket online or browse other bus tours by clicking the button below.

The 25% off children’s tickets deal is a limited-time offer, and runs over the school summer holidays.

The offer also includes a free hop-on, hop-off Thames cruise plus six walking tour routes Credit: Getty

Claim 25% off kids tickets for the The Original London Kids Tour

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Ryanair launches sale with VERY cheap August flights for £14 to top holiday destinations

RYANAIR is known for budget-friendly flights – and they’re getting even cheaper in its flash sale.

From now until 23.59 tonight there are deals to be had on its 235 routes – some fares for travel in August are as little as £14.

One-way flights to Majorca from London Stansted are as little as £19.99
You can reach the pretty beaches of Pula for less than £20 Credit: Alamy

The cheap Ryanair flights can be booked on the website or app for this summer up until the end of October.

Some of the cheapest flights still available in August include routes from Bournemouth Airport to Edinburgh from £14.09.

Other bargain flights include ones from Edinburgh to Belfast which start from £13.79.

Over 100 routes are on sale from London Stansted including one-way flights in August to Copenhagen from £15.99.

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Also under £20 in August are flights to Fez, Carcassone, Pula, Limoges and Milan.

There are 22 routes on sale from London Luton – some of the cheapest include one-way flights to Alicante in August for as little as £19.99.

Other flights for £19.99 include routes to Majorca – the popular Balearic island with beautiful beaches.

From Manchester Airport there are 50 routes available with cheap flights through the summer into autumn.

The Ryanair flash sale is only available until Credit: BrasilNut1

In October, some of the cheapest flights are to Santander with one-way tickets from £15 – also you can head to Zagreb from £22 and Pisa from £18.

There are deals available from 22 airports including London Gatwick to Aberdeen, Teeside, Norwich and Leeds Bradford.

Ryanair’s Director of Comms, Jade Kirwan, said: “July Pay Day means one thing – it’s time to book your next summer getaway!”

“Whether you’re dreaming of a last-minute beach escape, a sun-soaked city break, or simply need a well-deserved getaway, Ryanair’s 24-hour July pay day flash sale has you covered with fares from as little as £19.99 for travel throughout August.

“Book before 23:59 tonight (Wed, 29 Jul) on the Ryanair App.”



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EasyJet launches famous Seat Sale TODAY

An image collage containing 4 images, Image 1 shows An EasyJet Airbus A320 aircraft prepares for takeoff at Cointrin Airport in Geneva, Image 2 shows Aerial view of the Paris skyline with the Eiffel Tower and a tree-lined street below, Image 3 shows Aerial view of Porto, Portugal, with the Douro River, bridges, and city architecture, Image 4 shows Cityscape of old Prague, Czech Republic

BUDGET airline easyJet has just released its flights for next summer and you could grab a bargain.

EasyJet‘s Big Seat Release means travellers can now book flights up until September 26, 2027.

EasyJet has launched its Big Seat Release Credit: Reuters
You can grab some bargain flights for next summer including to Porto in Portugal Credit: Alamy

Travellers can choose from 140 destinations across Europe and North Africa and can fly from 22 airports.

And package holidays can be booked up to October 31, 2027.

Sun Travel looked at the current cheapest flights available and here are the best offers at the time of publication.

You could head from Newcastle to Amsterdam, The Netherlands, one-way on September 8, 2027, for £26.48.

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Alternatively, from the same airport, you could head to Nice in France for £26.48 one-way.

From Birmingham Airport, you could travel to Paris, France, on June 29 for £29.48 one-way.

Or head to Amsterdam for the same price, on June 15.

If you don’t mind spending a few more quid, there are several flights for £32.48 from the airport, including to Bordeaux on August 26, Berlin on August 30, Prague on June 16 and Geneva on September 8.

Or you could head to Paris for less than £30 Credit: Alamy
Or visit Prague on June 16 from Birmingham Airport Credit: Alamy

There are several flights from Manchester Airport for £32.48 one-way.

These include to Paris on June 22, to Amsterdam on September 7, to Copenhagen on June 15 and to Rennes on June 30.

For a bit of Spanish sun, you can head to Barcelona from Leeds Bradford Airport for £34.98 one-way on June 16.

Or you could head to Porto in Portugal on August 6 from Glasgow for £32.48 one-way.

If you can’t wait for a holiday until then, you can get 15 per cent off selected flights if you book by Friday, for holidays between August 1 and September 30, 2026.

Kevin Doyle, easyJet’s UK Country Manager, said: “Whether customers are dreaming of a beach holiday in the Mediterranean, a city break with friends or a family getaway during the school holidays, our Big Seat Release for next summer gives them the chance to get ahead and start planning.”

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EasyJet to launch HUGE flight sale on 14million seats tomorrow

IF you‘re already thinking about next year’s holiday and want to bag a bargain then set your alarm for tomorrow.

easyJet is set to put lots of flights on sale for summer 2027 in its next Big Seat Release – and they’ll be cheap too.

The easyJet Big Seat Release puts thousands of flights on sale Credit: Markus Mainka
Earlier this year flights to Agadir started from £37.99 in the sale Credit: Getty

From tomorrow, the airline will put flights on sale for travel between June 14 and September 26.

Talking to MoneySavingExpert, easyJet revealed that almost 14million seats will be available to book – that’s more than 78,000 flights.

But if you want to get cheap deals, you’ll need to start early as when demand goes up, so do the prices.

A time for the release hasn’t been confirmed yet, but usually it’s around 6am or sometimes earlier.

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An easyJet spokesperson told the publication: “We encourage customers to book early to get the best fares.

“Fares are demand-driven so they start low and rise as more seats on the aircraft are booked.”

Talking about the easyJet seat release, Martin Lewis described it as “the most predictable time to get cheap flights” – which means there’s likely to be a sharp increase in flight prices.

In its last release, which was in March, millions of seats were available for holidays in winter 2027, including February half-term.

Some of its deals included one-way flights to Paris from London Gatwick from £31.99.

There were also flights to Agadir in Morocco from London Gatwick on February 23, 2027, for £37.99 one-way.

If you want the best fares – make sure to be on the site as soon as possible Credit: REUTERS
Collage of travel items including a plane, sunscreen, passport, suitcase, and plane tickets, advertising The Sun's travel Instagram account.



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Why e-commerce pitches are creeping into TV news

If you feel like your favorite morning news or talk show is frequently trying to sell you something, you’re right.

Shopping segments within the program content of NBC’s “Today,” ABC’s “Good Morning America” and “CBS Mornings” have grown in recent years. Using QR codes on the screen, viewers are taken directly to dedicated e-commerce sites where they can put in their orders, with the program getting 20% or more of the revenue generated.

The segments typically feature a contributor or expert presenting household items, fashion or personal care products, alongside the host viewers know and trust. While hosts typically don’t do the actual pitching, their presence provides a seal of approval that helps drive a purchase.

The segments are also a staple of talk shows and syndicated programs such as “The View,” “The Jennifer Hudson Show,” “Entertainment Tonight” and “Inside Edition” and have spread to local TV stations. Ownership groups have signed deals with companies that match them up with brands looking for exposure that goes far beyond what they get with a 30-second commercial.

“This is the savior for media, if they really focus on it,” said Brian Meehan, co-founder of Knocking, a Connecticut-based company that specializes in embedding e-commerce into TV and digital content.

That may seem bit hyperbolic, but there is little doubt that TV outlets are looking for help as they navigate the upended media industry.

Streaming has pulled viewers away from traditional television, driving down ad revenues. Since 2022, ad spending on broadcast and cable TV has dropped 23%, to $51 billion in 2025. Consumers bypassing or canceling their cable subscriptions are cutting into the fees stations receive from pay TV providers.

As a result, both networks and TV stations have had to make significant cuts in their news operations to maintain profit margins. The daytime syndication business has declined dramatically as well, with NBCUniversal exiting the market and canceling “Access Hollywood” and “The Kelly Clarkson Show.”

Networks and stations don’t reveal how much they earn from the shopping segments, which typically run four minutes, but insiders say it’s well into the eight-figure range.

Bill Hague, executive vice president for the media research firm Magid, said more TV stations are turning to the segments to help fill the additional hours of local news they are programming instead of syndicated talk shows.

“Why invest in syndication when you can have the same audience and more revenue tied to it?” Hague said, adding that the company’s research shows consumers don’t believe the practice diminishes the quality of a newscast.

Jeff Rossen, a former consumer reporter for NBC News, recently pitched online shopping deals for Tegna’s TV local stations. The products he demonstrated sold briskly, likely helped by the credibility and trust he has accrued as a journalist.

That authority matters to viewers. NBC says its research shows that 94% of “Today” viewers trust the product recommendations made on the program.

Morning shows, with their mix of hard news, entertainment segments and lighter fare, have always had more latitude in what they present. But the current dire circumstances of the TV business explain why there is little pushback.

“If helping me buy a better blender also helps pay for an investigative reporter, I’m fine with it,” said Andrew Heyward, a former CBS News president who has consulted for TV station groups.

Heyward said consumers have gotten accustomed to editorial content being a gateway to online shopping. The New York Times gets a cut of sales linked to its Wirecutter product review site.
Book reviews in the Los Angeles Times are linked to Bookshop.org, and the newspaper gets a commission for any sales.

Amazon and other web platforms have made e-commerce account for 21.8% of all U.S. retail purchases, according to the Department of Commerce.

Direct selling on traditional media goes back decades. In 1978, a Clearwater, Fla., radio station accepted 112 electric can openers from an advertiser who could not afford to pay for commercial time. Station owner Bud Paxson had a newscaster auction the inventory over the air and it sold out quickly, leading to a regular show called “Suncoast Bargaineers.”

In 1982, Paxson moved the concept to a local Tampa cable outlet, called it Home Shopping Channel and, after a few years, took it national as Home Shopping Network. HSN soon had celebrities pitching their own product lines, a technique that is now occasionally used by the morning shows.

Candi Carter, whose Cistus Media handles e-commerce for Tegna, said viewers have long been accustomed to seeing products touted inside of programming content, going back to the days of Oprah Winfrey’s “favorite things” segments.

“Brands do it for visibility,” Carter added. “They don’t have to pay a product integration fee and they get revenue from the sales.”

The broadcast networks experimented with direct selling to viewers over the years. NBC even put its name on ShopNBC, a cable channel it co-owned in the 1990s. But the concept was not mastered until NBC’s “Today” introduced “Steals and Deals” in 2010 as an occasional segment that grew over time.

The program now has 30 contributors who present wares in about 350 shopping segments each year. They are available across digital, social, newsletters and mobile platforms after they air on “Today.”

ABC’s “Good Morning America” started its own version in 2011, brazenly calling it “Deals and Steals.” The network now has daily segments on both “GMA” and the afternoon hours “GMA 3” and “The View.” Network contributor Tory Johnson has handled “Deals and Steals” since its launch and has long been one of the most familiar faces on “GMA.” Other contributors, such as former fashion magazine editor Laurie Bergamotto, have been added over the years.

Meehan recalls the biggest hurdle to launching the segments at ABC was the language explaining the arrangement to viewers — making it clear that the network stands to benefit.

“It came down to the attorneys just saying, ‘ABC may receive promotional or financial consideration,’” he said. “It took a long time to go through that process.”

CBS News, historically cautious about any endeavors that could tarnish its legacy as a journalism organization, was the last of the traditional networks to get into e-commerce in 2022 after COVID-19 lockdowns depressed ad revenues. The division was also under pressure to improve its financial performance as Shari Redstone, then-chair of parent Paramount, was intent on improving the company’s balance sheet ahead of a sale.

“Shop CBS” segments, as they’re called, are presented multiple times a week on “CBS Mornings” and “CBS Saturday Morning” and have become key revenue drivers for the struggling news division. Any resistance from producers or on-air talent recedes once they learn how much money e-commerce takes in, according to one veteran at the division not authorized to discuss the matter publicly.

While ABC and NBC broker their e-commerce deals in-house and through some of their contributors, CBS turned to Knocking to develop its segments. The company makes deals with product suppliers looking for in-program exposure, supplies the on-air talent that does the pitching with the network’s hosts and builds the websites that handle the transactions.

While on-air network journalists appear in the segments, they are not asked to do the selling. When CBS News signed on with Knocking, the division insisted the talent and producers involved be able to test the products before putting them on air. When they can react with enthusiasm, it’s a big help.

“When ‘CBS Mornings’ co-host Nate Burleson puts on a massager and he’s like, ‘Ooh, wow, this feels like real human hands,’ — none of that is scripted,” said Meehan.

Still, programs are putting their credibility on the line by selling the products. There is little margin for error or customer dissatisfaction, as disgruntled viewers will tune out.

Meehan said Knocking does its best to mitigate that possibility by accepting returns up to six months after purchase.

“A bad experience will hurt both the product or service being featured, and the broadcaster,” Heyward said. “All the parties have a vested interest in honesty, and in a good user experience.”

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Huge UK cruise sale knocks up to 40% off trips to the Caribbean and Canary Islands

Ambassador Cruise Line is offering a triple discount on holidays with hundreds to save on once-in-a-lifetime trips

The summer holiday season is officially here – and those who are bored of lazing on a beach every year might want to try something a little different by embarking on a cruise. While the cost factor may usually be enough to put travellers off the idea, one popular cruise line has launched some huge discounts on holidays for 2026 and beyond.

Ambassador Cruise Line is offering a series of stacked deals on voyages setting sail from ports across the UK. With more than 200 holidays to choose from, there’s 20% off to be had on selected cruises running from London, Liverpool, Newcastle and more in a sale running until July 29.

Holidaymakers can also score an additional 5% off all no-fly cruises using the code SMILE5, on top of all other sale offers, with just hours left to nab this deal. And to top it off, Ambassador is offering an extra 15% off a handful of its winter sun trips with the discount code SAILMORE15 – giving holidaymakers the chance to save up to 40% in total on a cruise to the likes of the Caribbean or Canary Islands.

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One of the biggest deals gives passengers the chance to kick off the New Year in style with the Gems of the Caribbean Sea cruise setting sail from London Tilbury on January 5 for an incredible 42 nights. Calling at 14 countries, stop-offs include iconic destinations such as Barbados, St Lucia, Jamaica and Antigua.

At £3,415 per person, this six-week trip doesn’t come cheap – but those who book before 9 am on Friday, July 17 and stack their discount codes can get on board from £2,049 with a huge 40% saving, working out at less than £49 per night. And the beauty of a cruise is that travel, accommodation and dining are all included in that price.

Get up to 40% off Ambassador cruises

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From £202pp

Ambassador Cruise Line

Book here

Ambassador Cruise Line is offering multiple discounts on holidays from the UK to the Mediterranean, Caribbean, Canary Islands and more.

Another top deal comes on the Gems of the Adriatic & Mediterranean Autumn Sun holiday, which also has 40% off if passengers book before 9am on Friday, bringing prices from £2,903 per person down to starting at £1,742. Setting sail from London Tilbury on November 3 for 31 nights, this journey has 15 ports of call across seven countries, from beauty spots in Greece and Croatia to hidden gem destinations in Morocco and Tunisia.

And for those seeking a shorter and more budget-friendly option, there’s also the Autumn Escape to the Canary Islands, which not only has 10% off all cabins and an extra 5% off on top, but is also on a Cruise of the Week offer, spelling an extra 10% discount. Now available from £991.50 per person, this 14-night holiday from London Tilbury promises “volcanic landscapes, lush forests, and stunning beaches” as it visits Madeira, La Palma and Tenerife.

Meanwhile, those who plan ahead can also bag a buy-one, get-one-half-price deal on Ambassador cruises from April 2028, meaning passengers can bring a loved one along for less. But this isn’t the only cruise line offering savings on holidays departing from the UK.

Fred Olsen is also running special offers on selected winter sun cruises, such as the Mediterranean & Canary Islands Warmth holiday in November 2026. Passengers can get a half-price drinks package and a free flight at the end of the cruise back to London or Manchester.

Half-price drinks and a free flight are also available on the Canaries Escape with the Fleet Fiesta. As well as a discount for solo travellers on B-grade cabins.

In addition, TUI Marella Cruises is also offering a selection of last-minute cruise deals for summer holidaymakers, although it’s worth bearing in mind that these also include flights. Top offers for the summer holidays include the Mediterranean Medley trip sailing from Palma on August 1 for seven nights, now priced from £1,114 per person with a £712 discount.

Another option is the Aegean Delights cruise from Cyprus for seven nights from August 5. Now £1,095 per person with a discount of £822.

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SK Hynix: South Korean chip giant raises $26.5bn in US share sale

South Korean computer chip maker SK Hynix has raised $26.5bn (£19.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in the US.

The company, a key supplier to artificial intelligence (AI) chip giant Nvidia, said on Thursday that it had sold 177.9 million American depositary shares for $149 each. The shares are set to begin trading on Friday on the Nasdaq.

In May, SK Hynix saw its market value top $1tn in its home country, lifted by the boom in demand for AI chips.

Its share price has more than tripled in South Korea this year, which along with Samsung Electronics has helped boost the benchmark Kospi index by more than 70% over the same period.

SK Hynix is one of the world’s leading memory chip makers. The industry has been given a major boost by the hundreds of billions being spent on AI.

Shares in rivals Samsung Electronics and Micron have more than doubled in recent months.

The US listing gives SK Hynix easier access to huge amounts of potential investment from the world’s biggest economy, which has fewer barriers than South Korea, said Seoul National University finance professor Jaewon Choi.

Traders are closely watching the listing as a “yardstick to test the water” for whether investor enthusiasm for memory chip makers will continue, Choi said.

The AI boom has triggered a rush of companies raising money on the the stock market.

In June, GrokAI owner SpaceX became the world’s biggest ever listing as it raised $85.7bn.

Meanwhile, AI developers Anthropic and OpenAI are preparing to go public, with valuations of more $1tn.

Demand for SK Hynix’s offering was reportedly over seven times more than the number of shares available, highlighting the strong investor appetite for a key company in the AI supply chain.

Each American depositary share is equivalent to a tenth of a Seoul-traded common share, SK Hynix said.

The offering gives US investors a way to buy SK Hynix shares without having to trade via an overseas stock exchange.

The company has pledged major investments to develop South Korea’s chip making and AI capabilities in the coming years.

The country’s government is likely to be counting on SK Hynix’s US listing to raise funds that can support the firm’s domestic investments, said Hanyang University business professor Yun Youngjin.

But the Nasdaq listing carries some risks, especially if investors move money towards the US and away from South Korea’s stock market, Yun added.

In June, the country’s government unveiled plans for more than $880bn of investments in partnership with SK Hynix and Samsung.

Both SK Hynix and Samsung have stock market valuations of more that $1tn, joining growing group of firms which includes tech giants Nvidia, Apple, Microsoft and Google-owner Alphabet.

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DHS buys two California immigrant detention centers for $1.5 billion

The Department of Homeland Security bought two of the largest immigrant detention facilities in California for $1.5 billion, according to the private prison company that sold them.

The purchase comes as the department — flush with cash after Trump’s One Big Beautiful Bill Act infused the agency with $170 billion — has moved to scale up its capacity to detain immigrants without relying as heavily on private prison corporations.

In announcement Monday, the Tennessee-based CoreCivic said the sale of the 2,560-bed California City Detention Facility and the 1,994-bed Otay Mesa Detention Center in San Diego closed on July 2.

The company said it expects net proceeds of about $1.1 billion after income taxes and transaction expenses.

Ryan Gustin, public affairs director for CoreCivic, said such sales are not uncommon and that “the process was marked with rigor and integrity.” He added that the valuations were established through the federal government’s required appraisal process, using independent appraisers, who determined objective fair market value.

The sale doesn’t immediately change anything at the facilities — CoreCivic expects to continue managing them under existing contracts with U.S. Immigration and Customs Enforcement, according to the company and a filing with the Securities and Exchange Commission.

But the terms of those contracts could be modified given the change in ownership, the filing states. The California City facility contract expires in August 2027 and the Otay Mesa facility contract expires in December 2029, with the option to extend for another five years.

“We are pleased with the sales of these two mission-critical facilities for the Company’s government partner, which demonstrates the value of the Company’s underlying real estate portfolio, while reflecting our role as a long-term, flexible solutions provider to government,” CoreCivic CEO Patrick Swindle said in the announcement.

The Department of Homeland Security did not immediately respond to a request for comment.

During a quarterly earnings call in May, George Zoley, CEO of the GEO Group, another major private prison corporation, said that the company had been in discussions with ICE “regarding the potential sale of multiple facilities.”

Critics of the purchases of detention facilities say the Trump administration is simply looking to avoid state and local oversight by bringing them under federal ownership. That issue was raised during the GEO Group earnings call when a participant later asked why the federal government wants to own the facilities instead of contracting with third parties.

If the facilities are federally owned, Zoley replied, there are “more protections from unwarranted litigation that infringes upon the activities of the ICE processing centers.”

Zoley said federal ownership would bolster the legal defense of the facilities and the argument that “states can only have very limited involvement.”

“There’s been litigation regarding overseeing medical services, food services, general cleanliness, etc.,” Zoley continued. “It’s really unprecedented and I believe it’s fundamentally unconstitutional. As some blue states are considering more active involvement in oversight of facilities, I think the logical solution to much of that is federal ownership of the facilities.”

California tried to kick private detention operators out of the state, but the 2020 law was overturned in the Ninth Circuit Court of Appeals. Since then, state leaders have established oversight mechanisms through laws that allow for monitoring and investigation of detention centers by the California Department of Justice and local health authorities.

Asked to comment about the sale, Sen. Alex Padilla (D-Calif.) said his congressional oversight visits to facilities operated by CoreCivic have shown that immigrants who pose no public safety threat are being held in “unacceptable conditions.”

“Whether these facilities are operated by a private contractor or owned by the federal government, my expectations remain the same,” he said. “I will continue demanding transparency, accountability, and humane conditions that respect the dignity and rights of every person in immigration detention.”

Eight ICE detention facilities now operate in California, with a combined capacity to hold nearly 9,000 people.

The California City and Otay Mesa facilities have both been the subject of lawsuits by detainees alleging detainee mistreatment. CoreCivic calls such allegations unfounded and says it complies with all regulations concerning the treatment of detainees.

In its announcement on Monday, CoreCivic said the company is in discussions with ICE about potentially selling additional detention facilities, though it said those talks are in various stages and it’s unclear whether the sales will go through.

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We reveal all on £9.50 Holidays freebies, cheap eats & more, as new dates go on sale

HUNDREDS of new £9.50 holidays are set to land this July – including popular holiday parks with previously sold-out dates.

Over at club950.co.uk, Sun readers will soon be able to bag themselves a bargain break at a range of holiday parks across the UK and Europe.

Queen of the £9.50 holiday Tracy Kennedy is back to answer all things holiday parks Credit: Paul Tonge

Ahead of the new drop of holidays, our Hols from £9.50 Agony Aunt Tracy Kennedy is here to answer your questions.

Tracy Kennedy has been taking £9.50 holidays for 30 years, and has tried and tested holiday parks everywhere from the Isle of Wight to Wales, and nearly 300,000 follow her advice online about taking The Sun’s budget breaks.

This week, she is answering everything from how to actually book yourself a £9.50 holiday, to the most peaceful holiday parks with walking trails.

You can ask Tracy your own question by filling out the form. As we release each Q&A with Tracy, one lucky reader will be picked to win a £100 Amazon voucher.

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This week’s winner of a £100 Amazon voucher is Charlotte Varns. Congratulations, Charlotte!

https://thesun.formstack.com/forms/js.php/travel_agony_aunt_2026Online Form – 9.50 Hols Agony Aunt – 2026

Are there any more ways to get a £9.50 holiday this year?

Skye Sinclair

Yes, there is! There is another lot of £9.50 holidays coming in July.

Sun Club members can book from one minute past midnight on July 7, and people collecting codes will be able to book from Wednesday July 8.

If you’ve never done a £9.50 holiday before, there are a few different ways to do it.

You can collect the codes that will appear in the newspaper each day, or join Sun Club (£1.99 per month) and book without having to buy the paper and collect the codes.

Before all of this, make sure to go and have a look on the £9.50 holiday website to see which parks are available that you’d like to go to.

The holidays start from £9.50 per person, and yes you can really book them for that cheap.

Then it’s up to you if you want to upgrade your accommodation or add on any passes.

So your cheapest holiday for a family of four would be £38 – I have never found a holiday online any cheaper than that!

New holidays will become available on the Hols from £9.50 site on July 8, or July 7 for Sun Club members Credit: TripAdvisor

Do you have regular go to easy meals that you like to make when you go on holiday in a caravan?

Emma Bush

I cook quite a lot when I go away on holiday, and if I’m going to be cooking, it’s got to be quick and easy.

No roast dinners or fancy meals here – some people in my group do that in their caravans, and I think it’s great!

But for me I always bring cupboard foods like pasta and sauces, so that I always have something quick and easy to cook.

Another one of my favourites is hot dogs. They take just minutes to make and will cost you far less than any of the fancy, expensive ones they sell on-site.

Most caravans will come with a fully-equipped kitchen with microwaves, hobs and a full oven, so you might as well make use of them and save yourself some money.

Another one of my favourite quick and easy meals to make is grabbing a hot rotisserie chicken from the supermarket and serving it with some potatoes and salad.

It’s very simple and you can do so much with the leftovers.

Tracy recommends a stay at Lyons Robin Hood for a peaceful park with beach access and walks Credit: Supplied

Which holiday parks are ideal for the elderly? Something quiet with some nice dog walks?

Charlotte Varns

My top tip for finding a quiet park is to go on holiday during school term time.

That way the parks will be much quieter, and you’ll often get a better deal outside of the school holidays, too.

In terms of specific parks, a few come to mind. North Wales is lovely and has some beautiful walks, so I’d recommend a few of the parks there.

Lyons Robin Hood is a relaxing holiday park with direct beach access.

Ty Mawr, Lyons Lido Beach and Golden Sands Rhyl are other options which all have beautiful coastal walks nearby.

Outside of Wales, I think Cherry Tree in Norfolk is a lovely option. Norfolk is very flat, so you can get out for walks and it won’t be too challenging.

Are the entertainment passes included, or do you buy them additionally?

Jonathan Smith

Usually the entertainment passes are additional add-ons.

But my secret tip would be to check online first, as there are actually some £9.50 parks that will include your entertainment passes in the price on certain dates.

Park Holidays Pakefield offers club room passes for free for all dates. Park Holidays Sand Le Mere also offers the same.

Make sure to research this ahead of time, as lots of other parks will also offer free passes for specific dates.

Tracy recommends Lower Hyde holiday park in Shanklin, which has a beach with a lift nearby Credit: Parkdean Resorts

What are your recommendations for the most accessible sites?

Tracey Layton

Firstly, always make sure to call your holiday park and let them know that you will need an accessible caravan.

Lower Hyde in Shanklin is a great option, and if you’d like to go out and visit the beach there’s even a lift that takes you down to the seafront.

Plus to get to the beach lift from Lower Hyde, the ground is completely flat.

I’d also recommend Camber Sands holiday park. It’s a beautiful site that is also very flat, and you’ll have the beach right on your doorstep.

Some places across the UK have also started offering beach wheelchairs for hire.

If you’re wanting to visit a beachfront holiday park, I’d recommend looking up if the local beaches offer this.

All the ways to book your holiday from £9.50

There are six ways to book our Holidays From £9.50 – however Sun Club members gain access an entire day early

  1. Book with Sun Club: Join Sun Club for £1.99 per month. Then go to the Sun Club Offers hub and find the Hols from £9.50 page. You do not need to collect any code words or Sun Savers codes. Sun Club members can book from 00:01 on Tuesday, July 7 2026.
  2. Collect codes then book online: Simply collect five out of 20 code words printed in The Sun daily from Saturday July 4 to Thursday, July 23, 2026. Then enter them at thesun.co.uk/holidays to unlock booking. Code collectors will be able to book from Wednesday, July 8.
  3. 12-Page pullout – Gather codes from the pullout on Saturday, July 4, 2026. Then enter them at thesun.co.uk/holidays to unlock booking.
  4. Book with Sun Savers: Download the Sun Savers app or register at sunsavers.co.uk. Then go to the ‘Offers’ section of Sun Savers and click ‘Start Collecting’ on the ‘Hols From £9.50’ page. Collect five Sun Savers codes from those printed at the bottom of the Sun Savers page in the newspapers from Saturday, July 4, 2026. Then enter or scan the codes on Sun Savers to unlock booking from Wednesday, July 8.
  5. Book by post: Collect five of the code words printed in The Sun each day from Saturday July 4 to Thursday, July 23, 2026. Cut the code word out and send it back with the booking form – found in paper on or online at thesun.co.uk/holidays.
  6. Book with The Sun Digital Newspaper: Sign up to The Sun Digital Newspaper at thesun.co.uk/newspaper. Then download the Sun Savers app or sign up at sunsavers.co.uk, log in to Sun Savers with your Sun account details (the same email and password you use for your Digital Newspaper) and enjoy automatic access to Hols, without the need to collect Sun Savers codes daily. Digital Newspaper subscribers can book from Wednesday, July 8.

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