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BreakingNews.ie
an hour ago
- BreakingNews.ie
Profits at Johnny Sexton management firm surge to €2.67m
The management company owned by former Ireland rugby captain Johnny Sexton recorded post tax profits of €425,952 last year. Sexton retired from playing during the year under review in October 2023, following the Rugby World Cup and new accounts filed by Sexton's JAS Management & Promotions Ltd show that it recorded bumper profits for the 12 months to the end of September last. Advertisement The €425,952 post-tax profit followed a post-tax loss of €83,240 in the prior year - a positive swing of €509,192. The profit for last year resulted in the firm sitting on accumulated profits of €2.67m at the end of September last. Cash funds at the company last year more than halved from €1.3 million to €554,744 while during the same period, the value of the company's financial assets increased by €1.22 million from €881,826 to €2.11 million. The accounts - signed off by directors, Johnny Sexton and wife, Laura Sexton on August 6th - show that aggregate pay to directors last year decreased sharply from €322,334 to €238,606 made up of emoluments of €63,759 and pension contributions of €174,856. Advertisement Sexton - who celebrated turning 40 last month- added to his company's coffers in the current financial year with sales from his Obsessed: The Autobiography by Johnny Sexton which was the biggest selling non-fiction book of 2024 in Ireland. The paperback release of the book - which won Eason Sports Book of the Year at An Post's 2024 Irish Book Awards - in May of this year resulted in a fresh surge in sales. Sexton will have also benefited from the Government's innovative tax relief programme - introduced in 2002 - for professional sportspeople which allows them to receive a generous tax refund in the year they retire permanently from their sport. After retiring from the game in October 2023 following Ireland's World Cup loss to New Zealand, Sexton took up a senior role with glass bottle and tin-can maker, Ardagh. Advertisement However, earlier this year, Sexton was added to the British and Irish Lions coaching ticket ahead of taking up a full time coaching role with Ireland rugby team this month as well as working with men's and women's senior and age-grade teams. The former Leinster out-half had been working with the Ireland men's squad in a part-time coaching capacity since the 2024 Autumn Nations Series. Sexton, a former World Rugby Player of the Year was appointed Ireland captain by Andy Farrell in January 2020. Sexton is one of Irish Rugby's most decorated players and led Ireland to a Grand Slam in 2023 and won four European Rugby Champions Cups with Leinster. Sexton set up his firm in 2010 to handle earnings from commercial ventures such as sponsorships and image rights.
The Sun
3 hours ago
- The Sun
Owners remove £195,000 Grade 2-winning horse from Gordon Elliott's yard with his blessing and send to his protege
GORDON ELLIOTT has given his blessing to a £195,000 Grade 2-winning superstar being removed from his yard - and sent to his protege. The legendary Irish handler believes a change of scenery at Olly Murphy's Warren Chase stables in Warwickshire could spark him back into life. 2 American Mike, who is owned by Noel and Valerie Moran's Bective Stud, has some amazing back form but hasn't quite hit the heights expected. He beat subsequent Ryanair winner Fact To File by more than three lengths on chase debut. And he got the better of this year's Grand National hero Nick Rockett in a 3m chase on heavy at Navan in February 2024. But the eight-year-old son of Mahler hasn't won since - finishing in the places only once from seven further runs. Elliott thinks the time is right to send him to Bet365 Gold Cup-winning trainer Murphy, his former assistant, to work his magic. Murphy has been busy in the horse transfer market this summer. He has acquired Cormac Farrell's recent Galway Listed hurdle winner Sticktotheplan. And . Both of those come loaded with potential, while the goal with American Mike is to bring him back to his former glory. Murphy told Racing TV's Josh Stacey: "He's been a horse who hasn't quite reached the expectations as a novice it looked like he might. "I am just starting to get to know him. "Gordon filled me in about him and it was actually Gordon who said the change of scenery would do him good. "I'm very lucky to have a horse like him and hopefully he can be competitive in some handicap chases. "We're working as a team. Owners Noel and Valerie Moran who sponsor Gordon's yard are also good supporters of me. "Hopefully just a change of scenery will spark a small bit of a revival. "Albeit he has some good form from last season so it's not like he's completely gone off the face of the earth. "We're not just trying to find something that was there three years ago, he has got recent form as well." . Remember to gamble responsibly
BreakingNews.ie
6 hours ago
- BreakingNews.ie
Wednesday's front pages: What the papers say
A study into concussions in rugby and the Presidential election makes the front pages of Wednesday's papers, The Irish Times leads with Tony Holohan pndering running for the election an 'encouraging' poll. Advertisement The Echo leads with almost 10,00 people are waiting over a year for therapy services in Cork. The Irish Examiner leads with a study into concussions in rugby, as attitudes to it are deemed unsafe. The Irish Indeoendent reveals former Presidential candidate Sean Gallagher quit Gareth Sheridan's firm over a row over a €154,000 corporate box. The Irish Daily Mail also leads with the study on concussion in rugby, as head injuries are not taken seriously by amatuer players. The Irish Daily Mirror leads with a women who suffered from scoliosis 16 years ago, now has to fight for her daughter to receive the same care. The Irish Daily Star reveals it is costing €200,000 to guard a prisoner who killed a Guarda, with the prisoner in a coma.
