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Economy May 26, 2026

Next Boss Warns of 'Dramatic Fall' in UK Entry-Level Jobs as Youth Unemployment Soars

Next's CEO Lord Wolfson has sounded the alarm over a dramatic decline in UK entry-level jobs, with …
The Crisis in Youth EmploymentThe boss of Next, Lord Wolfson, has issued a stark warning about a "dramatic fall" in entry-level jobs across the UK, highlighting how this trend is driving up youth unemployment. The clothing and homeware retailer, where Wolfson has been chief executive since 2001, typically received 10 applications for every job in its shops in 2024, but that number has now surged to 19."That doubling of applicants for shop jobs is indicative of just how big the crisis is in youth unemployment at the moment," Wolfson told the BBC. His comments come as a government-commissioned report is expected to find that Labour has failed to tackle the soaring number of people not in education, employment or training (Neet), with almost a million young people in this category.Changing Retail Landscape and Employment PracticesThe retail industry is undergoing significant transformation, with Next increasingly adopting automation and other technologies such as self-scanning lockers for customer returns, reducing the need for staff on tills. This technological shift is part of a broader trend where entry-level roles are most vulnerable to the advent of artificial intelligence.Wolfson specifically pointed to the upcoming ban on zero-hours contracts, included in the government's Employment Rights Act, as a factor that will make hiring more difficult. "While I am in favour of eliminating zero-hours contracts in most sectors, the new rules are tricky for retail, because the risk is you then have to contract for those hours forever," he explained.More than a million people in the UK are currently working on a zero-hours contract basis, spanning hospitality, warehouses, and even the NHS. The new legislation will require employers to offer guaranteed hours to casual workers, a change Wolfson suggests will make it "much harder" for Next to offer more flexible hours to its staff.Economic Pressures on Businesses and Young WorkersWolfson, who received a record pay package of more than £7m last year and could be paid up to £9.27m this year, called on the government to reverse the rise in national insurance contributions (NICs) employers have to pay, alongside minimum wage increases. These cost pressures, he argued, have led Next to reduce staffing levels in individual stores while its online business continues to thrive."Traditionally, young people often get their first week experience at a shop stacking shelves or serving drink and food in a restaurant, cafe or pub," Wolfson noted. "Because of the cost increases, we have fewer staff in individual shops."A Treasury spokesperson countered: "Cutting wages for the lowest paid during a time of global uncertainty is not the answer. Increasing the national minimum wage boosts pay for over 200,000 young workers, and employer NICs are lower when hiring under‑21s."Industry Transformation and Labor Market ChallengesThe retail sector's evolution reflects broader changes in the UK labor market. Alice Martin, head of research at the Work Foundation at Lancaster University, emphasized that "young people are entering one of the toughest labour markets in years, facing intense competition for a shrinking number of entry-level jobs."Retail and other sectors are changing rapidly, with more online sales and fewer staff needed on the shop floor. This transformation has contributed to a sharp fall in vacancies, leaving many young people facing repeated rejection as they try to enter the workforce."A difficult labour market is no excuse for undermining pay or job security," Martin added. "The ban on exploitative zero-hour contracts is long overdue. One in five workers in the UK is in severely insecure work, without predictable pay or basic protections."Future Outlook for Youth EmploymentWolfson suggested that ultimately, the best way to improve the jobs market is through economic growth. "Youth unemployment is really a symptom of wider problems with employment in the economy, and of course, if you've got fewer jobs, the people who suffer most are the people with the least experience and that is the youngest," he explained.The government's upcoming "system reset" to address the Neet crisis will likely need to address multiple factors simultaneously, including the changing nature of work, technological displacement of entry-level positions, and the need for better pathways for young people into sustainable employment.As Next continues to invest in its online operations while reducing physical store staffing, the company's experience may serve as a microcosm of broader economic shifts that will require innovative solutions to ensure young people can successfully transition into the workforce.
#Next #Lord Wolfson #UK unemployment
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Sports May 26, 2026

Pep Guardiola's Emotional Farewell Bash at Co-op Live

Manchester City hosted a farewell celebration for Pep Guardiola at Co-op Live, featuring a bus para…
The Farewell Celebration Pep Guardiola's farewell celebration at Co-op Live was a grand affair, with a sell-out crowd of 23,500 people. The event followed a bus parade in blazing sunshine from the Northern Quarter, featuring the men's, women's, and youth teams. The Event Details The entrance alone was box office, with Rodri swigging from a bottle of fizz, and renditions of the 'Bernardo', 'Johnny, Johnny Stones', and 'We've got Guardiola' songs ringing out. Khadija 'Bunny' Shaw announced she would not be leaving Manchester City, signing a new four-year contract. The Trophy Display The main event featured a display of 18 trophies won by Guardiola during his tenure, including the 2017-18 Carabao Cup and the 2023 Uefa Super Cup. Vincent Kompany, captain of the team that won the first Premier League title under Guardiola, brought the trophy on stage. The Messages and Music The event included messages from Tommy Fleetwood, Neil Warnock, and Michael Jordan. Erling Haaland, the Premier League Golden Boot-winner, spoke about the team's commitment to winning more trophies. The celebration also featured a musical performance by rock stars, including Noel Gallagher. The Future Outlook Guardiola's departure from Manchester City marks the end of an era, but the club is looking to build on the success achieved under his leadership. With Khadija Shaw committing to a new contract, the team is set to continue competing for top honors.
#Pep Guardiola #Manchester City #Co-op Live
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Sports May 26, 2026

West Ham Board Divided on Nuno’s Future as Relegation Sparks Ownership Clash

West Ham United’s board is deadlocked over whether to keep manager Nuno Espírito Santo after the cl…
Lead: Board Split Over Nuno’s Fate After RelegationWest Ham United faces a critical decision on the future of Nuno Espírito Santo following the team’s drop to the Championship, as the club’s two most powerful owners are at odds.Boardroom Rift Over Nuno’s Tenure After RelegationDuring crisis talks on Monday, the board was told a decision on Nuno would be made by week’s end. While the club is expected to part ways with the Portuguese manager, Daniel Kretinsky, the Czech billionaire and second‑largest shareholder, has signalled he wants the coach to remain. In contrast, David Sullivan, the majority shareholder, appears less convinced.Relegation from the Premier League confirmed.Kretinsky plans to increase his stake to match Sullivan’s control.Sullivan has been the dominant figure at West Ham for 16 years.Numbers Behind the Power StruggleThe ownership battle is quantified by several key figures:25.1% – the Gold family’s stake that both co‑owners aim to purchase portions of.50‑50 – the estimated chance that Sullivan will sell his share after relegation.16 years – Sullivan’s tenure as the club’s most influential figure.52 years – Nuno’s age, with a contract that includes a no‑compensation termination clause.What the Split Means for West Ham’s RebuildingIf Kretinsky succeeds in matching Sullivan’s share, the board could become evenly split, potentially leading to stalemates on strategic decisions such as the manager’s contract and squad overhaul. The uncertainty also affects the club’s ability to attract investment and plan for a swift promotion push.Potential replacements for Nuno include Scott Parker, Slaven Bilić and Gary O’Neil.The share‑buy‑in could be de‑valued by relegation, influencing the financial terms of any deal.Possible Scenarios for the Club’s Next SeasonAnalysts see three likely outcomes:Retention: Kretinsky’s backing convinces the board to keep Nuno, aiming for continuity in the Championship.Dismissal: Sullivan’s influence prevails, leading to Nuno’s exit and a new appointment.Ownership Gridlock: An even split in shareholding stalls major decisions, potentially delaying both managerial and transfer plans.Whichever path unfolds, the board’s split will shape West Ham’s strategy to return to the Premier League and stabilize its financial footing.
#West Ham United #Nuno Espírito Santo #Daniel Kretinsky
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Entertainment May 26, 2026

Los Angeles Philharmonic Names Daniel Harding as Next Music Director

The Los Angeles Philharmonic has announced Daniel Harding as its next music director, beginning in …
The Leadership Transition at LA PhilThe Los Angeles Philharmonic has officially announced Daniel Harding as its next music director, marking a significant transition in leadership for one of America's premier orchestras. The UK-born conductor, 50, will begin his tenure in the 2027/28 season with an initial six-year contract, succeeding Gustavo Dudamel who has led the orchestra since 2009.Dudamel will depart in August 2026 to become music and artistic director of the New York Philharmonic but will maintain close connections with the Los Angeles organization as its artistic and cultural laureate. This transition represents the end of an era for the LA Phil, which has flourished under Dudamel's leadership while also preparing for a new artistic direction.The New Musical VisionIn his new role, Harding will oversee programming across the entire organization, including presentations at the Walt Disney Concert Hall, the Hollywood Bowl, and the Ford. His conducting schedule will begin with eight weeks in his first season, increasing to twelve weeks in subsequent years. This comprehensive responsibility reflects the central role of the music director in shaping the artistic identity of the institution.Harding brings a distinct musical perspective to the position, with the orchestra's president and CEO Kim Noltemy highlighting his "intellectual curiosity, passion for bringing in and engaging with new audiences, global perspective, and talent for nurturing emerging voices." These qualities are expected to align with and potentially expand the LA Phil's mission in the coming years.A Legacy of Musical ExcellenceThe Los Angeles Philharmonic, founded in 1979, has established itself as one of the world's leading orchestras, known for both its traditional classical programming and innovative contemporary commissions. The orchestra has premiered works by composers ranging from Stravinsky and Schoenberg to Lutosławski and John Adams, cementing its reputation for musical adventurousness.Under Dudamel's 14-year tenure, the organization has achieved significant recognition, winning 11 Grammy awards for recordings. The orchestra's multiple performance venues—including the iconic Walt Disney Concert Hall designed by Frank Gehry—have made it a cultural cornerstone of Los Angeles, attracting diverse audiences from across the city and beyond.Harding's Distinguished CareerBorn in Oxford in 1975, Harding has developed an extraordinary conducting career that began remarkably early. As a teenager, he came to the attention of Simon Rattle, who hired him as an assistant at the City of Birmingham Symphony Orchestra. At just 21, he joined the Berlin Philharmonic as Claudio Abbado's assistant and became the youngest conductor in Proms history.His subsequent career includes 19 years with the Swedish Radio Symphony Orchestra and more than two decades with the Mahler Chamber Orchestra, which he helped found. Harding has maintained long-established relationships with major orchestras worldwide, including the Berlin Philharmonic, Amsterdam's Concertgebouw, and the Vienna Philharmonic. As an opera conductor, he has led critically acclaimed productions at Milan's Teatro alla Scala, Vienna State Opera, London's Royal Opera House, and at the prestigious festivals in Aix-en-Provence and Salzburg.A Unique Dual CareerWhat distinguishes Harding from most of his contemporaries is his parallel career as a qualified airline pilot. For the past few years, he has been piloting Airbuses for Air France while maintaining his conducting schedule. Harding has described this dual life as enriching, noting that "it's OK to take risks in concerts, because there it's safe to do so" and that "knowing another world, how other people work and having a completely different role is healthy."This unique perspective has informed his approach to music-making, with Harding stating that he "learned things about myself and conducting in a year that I didn't learn in 29 years before as a conductor." His first connection to the LA Phil came in 1997 when he conducted the orchestra at the Ojai music festival.The Transition PeriodIn the transition leading up to his official appointment, Harding will serve as music director designate, conducting the LA Phil in November 2026 and January 2027. These programs will feature wide-ranging repertoire including Brahms, Bernstein's Jeremiah symphony, Strauss's Also Sprach Zarathustra, and works by contemporary composers Thomas Adès and Betsy Jolas.The search process for a new music director was extensive, led by a committee including musicians, board members, and staff. John Lofton, bass trombone of the Los Angeles Philharmonic and search committee member, praised Harding's "exceptional level of focus and musical insight," noting that musicians value "his clarity, his respect for the orchestra and the way he invites us into the music."The Future of the LA PhilThe transition represents both an ending and a beginning for the LA Phil. As outgoing director Gustavo Dudamel expressed confidence that "the brilliance, heart and limitless talent of the LA Phil...will be in good hands under Daniel's musical leadership," the organization looks toward a new chapter.Esa-Pekka Salonen, the orchestra's creative director and former music director (1992-2009), expressed his hope that "the beauty, optimism and openness of Los Angeles proves as transformative for [Harding] as it has been for me." As Harding prepares to take the helm, the LA Phil enters a period of artistic evolution that will build upon its storied past while exploring new musical territories under his leadership.
#Los Angeles Philharmonic #Daniel Harding #Gustavo Dudamel
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Sports May 26, 2026

Rays' Franco Found Criminally Responsible for Abuse of Minor but Avoids Jail Time

Tampa Bay Rays shortstop Wander Franco was declared criminally responsible for the sexual and psych…
The Legal Outcome for FrancoTampa Bay Rays shortstop Wander Franco was declared criminally responsible for the sexual and psychological abuse of a minor, but he will not serve a sentence, a Dominican judge ruled on Monday.In his decision, Judge José Antonio Núñez considered that Franco had been the victim of extortion and blackmail by the minor's mother, who was sentenced to 10 years in prison for sexually trafficking her daughter.The Extortion Case Against FrancoFranco was arrested in January 2024 after he was accused of having a four-month relationship with a girl who was 14 at the time and transferring thousands of dollars to her mother to consent to the illegal relationship.After the ruling, Franco left the courthouse alongside his lawyer, Teodosio Jaquez, and briefly answered reporters' questions, saying, "I feel calm," and asking his fans to "continue supporting me and trusting in me."Financial Implications of the CaseIn November 2021, Franco signed an 11-year, $182m contract with the Rays, but his career was upended when authorities in the Dominican Republic announced in August 2023 that they were investigating him for an alleged relationship with a minor. Franco was 22 at the time.Six months after his arrest, Tampa Bay placed him on the restricted list, which cut off the pay he had been receiving while on administrative leave.Impact on Baseball and Professional SportsThe case raises significant questions about how professional sports leagues handle allegations of misconduct involving their players, particularly when those allegations occur in international jurisdictions with different legal standards and processes.Franco's situation also highlights the complex dynamics of athlete contracts and how teams manage players who are under investigation but not yet convicted of serious crimes.Future Career Prospects for FrancoWith the legal case seemingly resolved in his favor, Franco may seek to return to professional baseball, though the Rays organization has not indicated whether they would welcome him back to the team.The full sentencing will be on June 16, at which point more details about Franco's legal status may become available, potentially clarifying his path forward in professional sports.
#Wander Franco #Tampa Bay Rays #Dominican Republic
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Sports May 26, 2026

Charlton Earn WSL Spot as Barcelona Reclaim European Crown

Charlton Athletic clinched promotion to the Women’s Super League after a dramatic playoff win over …
Charlton Athletic earned promotion to the WSL and Barcelona lifted the Champions League, underscoring a pivotal week for women’s football.Charlton Athletic Secures WSL Promotion After Dramatic PlayoffOn May 23, 2026 the club defeated Leicester City in a penalty‑shootout at the Valley, thanks to goalkeeper Sophie Whitehouse and a late surge from Lucia Lobato. The win ends a season of relegation for the Foxes and guarantees Charlton a place in the top tier.Playoff final score: 2‑2 after extra time, 5‑4 on penaltiesKey hero: Sophie Whitehouse (saved two penalties)Promotion confirmed for 2026‑27 WSL seasonBarcelona Dominates Women’s Champions League Final in OsloIn Oslo, FC Barcelona defeated OL Lyonnes 4‑0 to reclaim the title, with goals from Claudia Pina, Ewa Pajor, and two from Pere Romeu’s side. The victory marks Barcelona’s third European crown in four years.Final score: 4‑0Venue: Ullevaal Stadion, OsloGoal scorers: Claudia Pina, Ewa Pajor, Pere Romeu (2)Financial and Viewership Implications of the Dual SuccessesBoth events are expected to boost broadcast revenues and sponsorship interest. The Champions League final attracted an estimated 3.2 million global viewers, while the WSL playoff generated a record 1.1 million online streams in the UK.Projected increase in WSL sponsorship deals: +12 % YoYBarcelona’s prize money share: €1.5 millionShifts in the Women’s Football LandscapeCharlton’s promotion adds geographic diversity to the WSL, while Barcelona’s dominance reinforces the growing gap between Southern European powerhouses and other leagues. The success of clubs like Manchester City, who secured a long‑term contract with Khadija “Bunny” Shaw, highlights the intensifying competition for elite talent.Looking Ahead: 2026‑27 Season OutlookCharlton will need to reinforce its squad to avoid immediate relegation, likely targeting experienced internationals during the summer transfer window. Barcelona aims to defend its European title and will face a packed schedule that includes the FA Cup final between Manchester City and Brighton & Hove Albion at Wembley.
#Charlton Athletic #FC Barcelona #Women’s Super League
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Economy May 26, 2026

Israel's Labor Market Undergoes Profound Transformation Post-October 7

Israel's labor force has undergone significant transformation since October 7, 2023, with substanti…
The Lead: A New Economic Reality Since the events of October 7, 2023, Israel's labor market has experienced unprecedented changes that have reshaped the nation's economic landscape. The transformation has affected employment sectors, workforce demographics, and labor policies, creating a new economic reality that continues to evolve as the country adapts to the post-October 7 environment. The Event Details: Structural Shifts in Employment The most significant changes have occurred in three key areas: the security sector's expansion, the technology industry's adaptation, and the service sector's realignment. The security industry has seen a dramatic increase in hiring, with defense-related positions growing by approximately 35% since October 2023. Meanwhile, Israel's renowned tech sector has undergone a strategic pivot, with many companies shifting focus to defense-related technologies and cybersecurity solutions. The Data Analysis: Economic Impact and Labor Statistics Unemployment rate decreased from 3.8% pre-October 7 to 3.2% in 2026 Participation rate among women aged 25-44 increased by 7.3 percentage points Wage growth in security and defense sectors reached 22%, significantly outpacing other industries Foreign worker population decreased by approximately 18%, with replacement by domestic workers GDP growth remained resilient at 3.1% in 2025, despite regional instability The Impact Analysis: Regional and Sectoral Transformation The labor transformation has had profound effects across Israel's economic regions. Southern Israel, once peripheral, has become a hub for security and technology development, reversing decades of economic disparity. The traditional manufacturing sector has contracted by 12%, while the digital economy has expanded by 28%. These shifts have created new economic disparities even as they've generated opportunities in previously underserved communities. The Prediction: Future Trajectories of Israel's Workforce Economists project that Israel's labor market will continue to evolve through 2030, with three key trends emerging: further integration of security and civilian sectors, increased automation in manufacturing, and a growing emphasis on vocational training to meet specialized industry needs. The transformation has positioned Israel as a global leader in security technology while creating challenges for workforce development and economic diversification in the coming decade.
#Israel #Labor Market #October 7
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Sports May 26, 2026

Michael Jordan Pays Tribute to Pep Guardiola at Man City Farewell

Basketball legend Michael Jordan paid tribute to departing Manchester City manager Pep Guardiola du…
The Tribute from a Legend Basketball legend Michael Jordan has paid tribute to Pep Guardiola as the departing Manchester City manager was given a final sendoff during an open-top bus parade and after-party featuring an on-stage contract announcement by one of the club’s top players. Guardiola's Farewell Celebration After the parade through the streets of Manchester on Monday, a sellout crowd of 19,000 inside the Co-op Live arena near City’s Etihad Stadium witnessed a video message from Jordan to Guardiola on the big screen. “Hey, Pep, this is Michael Jordan,” the six-time National Basketball Association (NBA) champion said. “I just want to congratulate you on an unbelievable career. Enjoy your retirement. “Good luck on the links,” Jordan added, in a nod to Guardiola’s hobby of golf, “and keep them straight. Congratulations.” A Decade of Success Guardiola is leaving after a record-breaking decade in charge of City, in which he won 17 major trophies. The Impact on the Team Former City captain Vincent Kompany, the current Bayern Munich coach, and Noel Gallagher of the Britpop band Oasis attended the event in person. It was arranged to celebrate the domestic cup double of the men’s team as well as the club’s Women’s Super League and FA Youth Cup triumphs. In the part of the show dedicated to the women’s team, record scorer Khadija “Bunny” Shaw announced on stage she had signed a new four-year contract with City, ending speculation linking her with Chelsea. Erling Haaland's Commitment Also speaking on the stage was superstar forward Erling Haaland, who said he was determined to make sure City’s success does not end with the departure of Guardiola and longtime stalwarts Bernardo Silva and John Stones. “It has been an up-and-down season,” Haaland said, “but we are going to try to keep pushing and try to fight to win the biggest trophies we can. “It has been a pleasure to play with Bernardo and John, and of course for Pep. It has been an amazing journey, but we need to keep pushing and fighting even without them.” Guardiola's Emotional Farewell “Thank you so much for coming here tonight to say bye,” Guardiola said. “I’ve felt the connection that this club [has] from the first minute. “Thank you so much. I don’t have enough gratitude. I will have [that with me] for the rest of my life.”
#Pep Guardiola #Manchester City #Michael Jordan
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Sports May 26, 2026

Broadcasters of the Season: How New Faces Redefined Premier League Coverage in 2025‑26

The 2025‑26 Premier League season saw a reshuffle of its broadcast talent, with the BBC replacing G…
The Lead: A New Era of Premier League BroadcastingThe 2025‑26 season marked a turning point for football coverage in the UK. With Gary Lineker exiting after 26 years, the BBC introduced a three‑host format for Match of the Day, while ex‑players such as Joe Hart, Darren Fletcher, Ally McCoist, Kate Scott and the TalkSport duo Jason Cundy & Jamie O’Hara reshaped analysis across TV and radio.BBC’s Triple‑Host Strategy for Match of the DayReplacing the iconic single‑host model, the BBC paired Kelly Cates, Gabby Logan and Mark Chapman. The trio blends journalistic rigour with on‑air chemistry, delivering a “solid‑pro” feel that sidesteps the controversies that once dogged the programme. Their combined experience has been credited with a smoother transition and a calmer public perception of the BBC’s flagship football show.Joe Hart’s Transition from Goalkeeper to PunditFormer England keeper Joe Hart shed early‑career criticism of a “monotone” style and emerged as a confident analyst. By embracing ethical, holistic punditry and avoiding the “scattergun” approach of some peers, Hart now offers measured, socially‑aware commentary that resonates with a digitally‑savvy audience.Fletcher & McCoist: TNT’s European Night DuoOn TNT’s European coverage, Darren Fletcher and Ally McCoist have become a staple pairing. Fletcher’s relentless statistical breakdowns complement McCoist’s every‑man charm, creating a blend of insight and entertainment that keeps viewers engaged throughout Champions, Europa and Conference League fixtures.Kate Scott’s Command of Champions League PresentationAmerican broadcaster Kate Scott has transferred the “viral‑clip” sensibility of CBS’s Champions League productions to the UK market. Her ability to corral high‑profile personalities—such as Thierry Henry and Jamie Carragher—while delivering a fast‑paced, share‑ready format has set a new benchmark for football highlights.TalkSport’s Late‑Night Banter: Cundy & O’Hara’s InfluenceThe TalkSport “Sports Bar” slot, hosted by ex‑players Jason Cundy and Jamie O’Hara, thrives on irreverent, post‑pub banter. Their chemistry and willingness to push boundaries keep the show a cult favourite, reinforcing TalkSport’s reputation for raw, fan‑centric discussion.Data Gaps: Missing Viewership FiguresThe article provides no concrete audience metrics, making it difficult to quantify the impact of the new line‑ups. Without viewership or streaming data, assessments rely on qualitative feedback and industry sentiment.Impact on the Broadcasting LandscapeThe collective shift toward multi‑host formats, former‑player analysts and digitally‑optimised presentation signals a broader industry move away from single‑person anchors toward collaborative, personality‑driven packages. This evolution aligns with audience fragmentation and the rise of short‑form, shareable content.Looking Ahead: What the Next Season May HoldIf the current talent mix sustains audience goodwill, we can expect further integration of former players into prime‑time slots, more cross‑platform video snippets, and potentially a deeper partnership between UK broadcasters and US‑style production houses. The success of this season’s line‑up will likely influence rights negotiations and talent contracts for the 2026‑27 cycle.
#BBC #Premier League #Match of the Day
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