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Kretinsky to Secure 43% Stake, Overtaking Sullivan After agreeing to buy a portion of shares from **Vanessa Gold**, **Daniel Kretinsky** will raise his holding from **27%** to **43%**, making 1890 Holdings the largest shareholder of **West Ham United**. The deal, expected to be ratified in the coming weeks, follows **Sullivan** stepping down as director amid serious allegations. Financial Stakes and Club Losses Current stake increase: 27% → 43% Previous investment: Kretinsky paid £150m for a stake in 2021 Club loss 2025‑26: £104.2m Transfer sales target: > £100m this summer Sullivan’s holding: **38.8%** (uncertain future) Implications for West Ham’s Promotion Push and Governance The ownership shift arrives as the club grapples with relegation to the Championship and a need to retain key players such as **Jarrod Bowen**, **Mateus Fernandes** and **Crysencio Summerville**. With no sporting director and the resignation of head of technical recruitment **Max Hahn**, Kretinsky’s increased capital is aimed at stabilising finances, supporting manager **Nuno Espírito Santo**, and meeting the Independent Football Regulator’s potential integrity requirements. Future Outlook for Ownership and Club Stability If the IFR decides Sullivan no longer meets the honesty and integrity standards, he could be forced to divest his **38.8%** stake, further consolidating Kretinsky’s control. The partnership with the Gold family, who have pledged joint voting on key matters, suggests a coordinated effort to secure an “immediate return to the Premier League” and rebuild fan confidence. The next few weeks will determine whether the promised financing materialises and if West Ham can navigate the financial and reputational challenges ahead.

The Plight of Young Jobseekers in the UK About 1 million 16- to 24-year-olds in the UK are not in employment, education, or training, and a recent report warned that this number could rise to 1.25 million by the early 2030s without urgent government action. Readers' Tips for Young Jobseekers We asked readers for their advice on finding employment. Here are some of their responses: 'Don’t Be Afraid of Being Seen as Cringey' My advice would be to make your own luck. Put yourself out there, meet as many different people as you can, post content online, don’t be afraid of being seen as cringey. I messaged so many people at the start of my career for coffees, for help with interviews. Many ignored me. But some helped me along the way. – Christopher, 28, London 'Find Things That Make You Feel Good About Yourself' I was unemployed for a couple of years, with no savings as a safety net, and the constant stream of rejection on top of the worry about my finances was incredibly hard to cope with. My advice is to find cheap hobbies and things that make you feel joyful, connected to nature, and/or creative, to keep yourself sane. – Kay, 35, mathematics tutor, Staffordshire 'Visibility Is Everything' My advice for young people is to talk to as many people as they can, from different backgrounds. Having a LinkedIn profile and being active is essential. Tell people that you’re at the beginning of your career journey. Own it! – Nikola Doanova, 31, Brighton 'Cast Your Net Wide' If you’re struggling to find work, focus on securing a job for now, not for life. Core professional skills, such as communication and teamwork, are highly transferable, and so taking any opportunity to develop those is key. – Ryan McKiernan, 31, managing director of a charity, London 'You Absolutely Have Value to Offer' You can create your own job opportunity; you just need to get a foot in the door. This could be adding value to a business by offering to work on a commission-only basis for a few months. – Tim Castle, author, Singapore 'Take Up the Job Offer' Not having any particular skills or specialties, I came to realise that there would only ever be one job offered to me during a search and my advice to anyone is to accept that one. – Christine, 75, Kent 'Don’t Be Embarrassed to Network' Network. Network. Network. Use every available network you and the people around you have. Follow up! If someone has said they will have a word/email, thank them and don’t end the conversation until you have pinned down a date and time to reconnect about it. – Kuldip, semi-retired teacher, Sheffield

Starmer's Defence Policy Shift Signals New UK Strategic DirectionUK Prime Minister Keir Starmer has made a definitive statement on national security priorities, declaring defence spending as his "number one priority" in a significant policy announcement. The position marks a notable shift in the government's approach to budget allocation and comes amid increasing geopolitical challenges both globally and in Europe.Defence Budget Reallocations and Strategic ImplicationsStarmer's emphasis on defence spending suggests potential reallocations from other government departments to meet what he perceives as critical security needs. The announcement follows recent assessments from UK intelligence agencies regarding evolving threats and the need for modern military capabilities. Defence analysts suggest this could mean increased funding for cyber security, intelligence operations, and potentially renewed focus on nuclear deterrence programs.Economic and Political Ramifications of Defence FocusThe commitment to elevated defence spending will have significant economic implications for the UK's fiscal policy. With public finances already under pressure, the government will face difficult decisions about which areas to potentially cut or reduce funding. Politically, the move could position Starmer as a strong leader on national security, though it may also draw criticism from opposition parties and within his own party regarding budget priorities.International Context and AlliancesStarmer's defence priorities must be viewed within the broader context of NATO commitments and European security architecture. The UK's defence posture has traditionally aligned closely with US strategic interests, and any shift in policy will likely be coordinated with key allies. The announcement comes as European nations collectively reassess their defence capabilities following recent geopolitical developments.Future Outlook for UK Defence StrategyLooking ahead, the UK's defence policy under Starmer's leadership appears set for significant evolution. The government will likely develop a new defence review to outline specific capabilities, procurement priorities, and force structure. The coming months will reveal how this rhetoric translates into concrete policy changes and whether the increased defence spending will result in measurable enhancements to UK security capabilities.

The Soaring Cost of Coverage "I nearly fell over when I saw the travel insurance quote," says Bernie Lawrence, a 77-year-old retiree from Fleet, Hampshire. After developing heart problems and undergoing quadruple bypass surgery in 2018, Lawrence found the cost of travel insurance becoming "astronomical." Before his surgery, he and his wife paid under £100 for annual European travel insurance. By 2022, this had risen to £302, and after experiencing atrial fibrillation and being placed on an NHS waiting list, they were quoted £1,200. Even after getting an all-clear from a private scan, their premiums remained high at £584, rising to £805 in 2024 and £1,009 this year. The Financial Burden of Medical Conditions The financial impact of pre-existing medical conditions on travel insurance is substantial. According to a survey by specialist insurer AllClear, 18% of Britons plan to travel abroad this summer without insurance, despite the risks. Insurers paid out £262bn for medical expenses for UK travelers who needed emergency care or treatment while on holiday in the past two years. For countries like the US and Canada, treatment costs can run into hundreds of thousands of pounds if you fall ill without proper coverage. Why This Matters to Travelers "Travel insurance can get very expensive if you've got a pre-existing medical condition," says James Daley, founder of Fairer Finance. "But it's incredibly important that you take out insurance that covers you for your condition – particularly if you're travelling to countries like the US where there's no reciprocal health agreement with the UK. If you end up having a medical emergency in the US without insurance, the costs can run into the tens and even hundreds of thousands of pounds." How to Find Appropriate Coverage The cost of a policy depends on your age, the condition, destination, and duration of travel. Price comparison websites can help find policies for those with pre-existing conditions, but it's crucial to check the small print. If mainstream options don't work, specialist insurers like Medical Travel Compared, PayingTooMuch, or AllClear can assist. The British Insurance Brokers' Association (biba.org.uk) can also help find a broker. When applying, insurers typically ask about medical issues from the last five years, though this varies by provider and condition. Recovered conditions that haven't required treatment don't need to be disclosed. Tommy Lloyd, managing director of Medical Travel Compared, recommends insuring the entire traveling party under the same policy wherever possible to ensure consistent coverage for cancellation and curtailment. Common Conditions and Premium Impact Some common conditions like anxiety, high blood pressure, arthritis, and asthma only add a few pounds to a typical policy. However, costs can be high if you're still under investigation for a condition or waiting for treatment. Disclosing all medical conditions is essential, as failure to do so could invalidate your policy. The Future of Travel Insurance for Medical Conditions As the population ages and more people live with chronic conditions, the travel insurance industry may need to develop more specialized products. The current system often penalizes those with health histories rather than assessing individual risk factors. In the coming years, we may see more insurers using advanced data analytics to offer more personalized pricing, potentially making coverage more accessible for those with pre-existing conditions while maintaining profitability.

The Lead The UK government has come under fire for recent changes to student loans, with critics arguing that the moves are unfair to graduates. Ministers have rejected these accusations, stating that the changes are necessary to ensure fairness to taxpayers. Understanding the Student Loan Changes The current debate centers around the millions of students from England and Wales who have taken out a 'plan 2' loan. Many have money taken from their wages each month to repay their debt, but what they pay off is often dwarfed by the interest added every month, causing the sums they owe to get bigger. The catalyst for the row was Rachel Reeves's decision last year to freeze the salary threshold for plan 2 loan repayments for three years. The above-inflation interest rates that apply to many loans have also come under fire. The Data Analysis More than 52,000 people responded to a recent call for evidence by the Treasury select committee. Some claimed that the student loan interest rates were 'extortionate' and 'higher than my mortgage', while others said they had been assured that repayment thresholds would rise with inflation. The Impact Analysis The consumer campaigner Martin Lewis has said that changing the terms of the loans 'would not be allowed for any commercial lender – it would go against all forms of consumer law.' The committee is holding an inquiry into student loans and the taxation of graduates. Campaigners have told MPs that many graduates feel they are being unfairly used as 'cash cows' to finance measures benefiting older people, such as the state pension triple lock. The Prediction The government has defended its actions, stating that it has taken steps to make the system fairer, including raising the repayment threshold and capping maximum interest rates. However, the debate is likely to continue as the issue affects many graduates and the government's policies on student loans remain under scrutiny.

The Knicks' Thrilling Victory After the New York Knicks' furious comeback over the San Antonio Spurs on Wednesday night, the last place anyone in the city wanted to be was at home. Taylor Swift and Larry David were among the celebrities who lingered at Madison Square Garden after the final buzzer sounded on the 107-106 victory as Frank Sinatra's New York, New York washed over the arena. Celebrations Erupt Across the City No city advocates for its own self-importance quite like New York – seat of global finance, capital of media, centre of the universe. On Wednesday, it did not have to. Not after OG Anunoby tipped in a last-gasp shot with 1.2 seconds left to give the Knicks the lead for good. The play, already being called “the other Hand of God” in some corners of the city, did not just seal the largest ever comeback in the NBA playoffs, put New York 3-1 up in the best-of-seven series and move them within reach of their first championship in 53 years. The Data Behind the Frenzy 107-106: The Knicks' victory margin 1.2 seconds: The time left on the clock when Anunoby made the winning shot 3-1: The Knicks' lead in the best-of-seven series The Impact on the City Online, a photo of a plane full of passengers all locked into the game – save for one guy streaming Avatar – made the rounds. And a clip from an NBA finals watch party in Irvine, California, showed members of the US men’s national soccer team, interrupting their preparation for the World Cup, erupt when Anunoby’s shot went in. Couples with longstanding wedding plans for this weekend are apparently both anticipating and dreading Saturday’s Game 5, the real social event of the season. The Future Outlook The Knicks are easy to root for. Jalen Brunson, a 6ft 2in everyman, takes the fight to the 7ft 4in Spurs phenomenon Victor Wembanyama. Brunson was teammates with fellow Knicks Josh Hart and Mikal Bridges on a college dynasty at Villanova, Pennsylvania. Brunson’s father, Rick, is an ex-Knicks reserve turned assistant coach.

The Shift in Gulf Security Dynamics As Washington and Tehran move towards a long-term ceasefire agreement, Gulf states will likely look for new long-term security solutions when a war in their region – which they did not start – finally ends. Attacks on the Gulf The United States operates military facilities in at least 19 locations across the MENA region, including permanent bases in Bahrain, Egypt, Iraq, Jordan, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates, according to the Council on Foreign Relations. Between 40,000 and 50,000 US troops were stationed across the region before the war on Iran started. A Security Umbrella with Holes The war on Iran has exposed a paradox – while Iranian officials have repeatedly referred to their Gulf neighbours as “brothers”, they have also repeatedly targeted them during the war. Despite the protestations of Gulf states that no attacks on Iran were launched from their soil, they have been repeatedly targeted. The Economic Cost of War The closure of the Strait of Hormuz has proven be a setback for some Gulf states working to diversify their energy-reliant economies towards tourism, services and finance, but not all have been affected equally. Moving Closer to Iran? One possible lesson from the conflict is that Gulf states may seek engagement with Iran rather than confrontation, something that Gulf states had already made some groundwork on before the US-Israel war began. Looking Beyond Washington The solution for the Gulf could be a hybrid arrangement where ties with Washington are maintained, but other regional and domestic options are explored, including greater investment in local defence industries.

Gas Price Relief Boosts June Consumer SentimentEasing gasoline costs are the primary driver behind a modest rebound in the University of Michigan’s consumer sentiment index for June 2026. The survey shows Americans feeling slightly more optimistic about personal finances and the broader economy, even as geopolitical tensions in the Middle East persist.Four‑Point Index Gain Linked to $0.40 Drop at the PumpSentiment index rose four points since mid‑May.Average gas price fell from $4.50 to $4.10 per gallon – a $0.40 decline.May inflation hit a three‑year high of just over 4%, the first such level since 2023.The data suggest a direct correlation between lower fuel costs and improved consumer outlook, especially among lower‑income households most sensitive to gasoline price swings.Political Stakes: Sentiment as a Midterm BarometerDespite the uptick, sentiment remains below pandemic‑era levels, a factor that could influence the November midterm elections. Polls indicate that roughly 76% of voters rate current economic conditions as “fair or poor,” and the war in Iran remains a contentious issue. Candidates across key races—from Maine’s Graham Platner to Texas’s James Talarico—are foregrounding cost‑of‑living concerns in their campaigns.Outlook: Balancing Inflation, Geopolitics, and Consumer MoodAnalysts caution that the sentiment rebound may be fragile. Persistent inflation above 4% and ongoing Middle‑East conflict could dampen future gains. The White House, citing the latest figures, attributes resilience to its “pro‑growth agenda,” but the administration will need to address both price pressures and geopolitical uncertainty to sustain consumer confidence.

The Alleged Incident and Immediate Membership RevocationAccording to Golf Digest, a female staff member at The Farms Golf Club reported that Mickelson engaged in “non‑consensual and inappropriate physical contact” before a round in the spring. Club officials launched an independent investigation, concluded the allegation was credible, and promptly cancelled Mickelson’s membership. The golfer left the property mid‑round after being confronted.Location: San Diego, CaliforniaDate of alleged incident: Spring 2026 (exact date not disclosed)Club’s statement: Membership terminated and a commitment to a safe, respectful environmentFinancial and Reputational Stakes for Mickelson and The FarmsWhile no monetary figures were disclosed, the fallout could affect several revenue streams:Endorsement risk: Sponsors may reassess contracts amid negative publicity.Club finances: Loss of a high‑profile member could impact membership appeal and event hosting fees.Legal exposure: Mickelson has retained defamation counsel, indicating potential litigation costs.Broader Implications for LIV Golf and Professional Golf CultureThe controversy arrives as LIV Golf faces uncertainty over its Saudi funding, already casting doubt on the tour’s long‑term viability. Mickelson’s absence from major championships this season, combined with this scandal, intensifies scrutiny on player conduct and the governance standards of emerging golf entities.What Lies Ahead for Mickelson’s Career and Club PoliciesMickelson’s spokesperson emphasized that he is focused on a family health matter and has not set a timeline for returning to competition. The club’s decisive action may prompt other private courses to tighten conduct policies and adopt more transparent investigative procedures. Observers expect further legal filings and possible settlement discussions in the coming weeks.