Everton become latest Premier League club to sell their women's team
The team has been bought by Roundhouse Capital, allowing the women's team to attract dedicated minority investment and operate as a standalone entity.
The transaction will also benefit the men's team financially from the standpoint of Premier League profitability and sustainability rules (PSR) as the sale can be recorded as revenue in the club's accounts.
Under PSR, clubs cannot exceed maximum losses of £105m over a three-year accounting period.
The move by Everton follows the sale by Chelsea and Aston Villa of their respective women's teams to related companies.
It's understood the transaction is at a fair-market valuation, as required by the Premier League under its associated party transaction (APT) rules governing deals between entities linked to a club's ownership.
Roundhouse Capital is owned and controlled by American businessman Dan Friedkin and was the entity used for the takeover of the club which was completed last December.
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Irish Times
4 hours ago
- Irish Times
Letters to the Editor, July 30th: On tariffs, jobs and houses, protest voices, and bargain cycle lanes
Sir, – Early days to assess the EU/US proposed trade deal but one thing is clear. The EU side has made major concessions. They have accepted a 15 per cent tariff on most exports from the EU to the US, but no similar tariffs must apply to US exports to the EU. Under the deal, the EU has also agreed to invest $600 billion in the US economy and to buy $750 billion of energy from the US over the next three years. No similar commitments apply it seems on the US side. This outcome partly reflects the difficulty of getting sufficient agreement among member states on a tougher stance to be taken by the EU, Ireland being one of the main countries opposed to adopting a stronger EU position and thereby weakening the overall EU negotiating stance. READ MORE A much bigger issue though is the unstated (in public) threat of the US withdrawing its security guarantees for Europe, something almost unthinkable before the present administration came to power. The consequences of this for Ukraine and Europe (including Ireland) would be incalculable and worth avoiding, if necessary, by making major concessions on the trade front. From a US viewpoint, a reasonable expectation perhaps given its commitment of equipment and personnel to European defence. Until Europe is less dependent on the US to guarantee its security, it will have a weak bargaining hand when it comes to trade. – Yours, etc, JOHN O'HAGAN, Department of Economics, Trinity College, Dublin. Sir, – Faced with the threat of 30 per cent US tariffs, the EU blinked. To shield its economy – notably the German and French car industries in my opinion – it settled for 15 per cent across-the-board tariffs and to boot, tossed in a few more sweeteners to American firms. Whatever became of the much-touted Anti-Coercion Instrument, the EU's so-called 'big bazooka'? The Irish Government, meanwhile, has put a sunny gloss on the deal – especially regarding pharmaceuticals. Yet Trump has made it plain, pharmaceuticals is next in his sights, and the agreement itself is vague. When the day comes, I'd be surprised if our EU partners show much solidarity with Ireland's pharma sector, given past criticism of the tax incentives to lure it here in the first instance. Yes, EU leaders faced a dilemma. But the leverage wasn't all entirely with America. US trade with the EU exceeds $600 billion annually, dwarfing the projected $90 billion in tariff revenue. The EU may have deemed it impolitic to press that point – but I've no qualms about confronting economic aggression. I'll be steering clear of overpriced coffee, fizzy drinks, forgettable burgers, and smartphones still awaiting meaningful AI – not to mention FSD cars that still need drivers. If dollars speak louder than diplomacy, let mine do the talking. – Yours, etc, JOHN McCRORY, Lucan, Dublin. Sir, – I read with interest the response of different European leaders to the proposed EU-US trade agreement. Let's call a spade a spade. US president Donald Trump's bullying tactics have worked to such an extent that some leaders now consider 15 per cent tariffs on EU goods to the US a successful outcome. The tariffs on many US goods to EU will be zero. Reciprocal rates how are you? – Yours, etc, BRIAN MANGAN, Ferns, Co Wexford. Sir, – I see that as part of the tariff agreement, Europe will purchase $600billion of US armaments. Presumably this will largely eliminate the large US deficit (in goods). If/when this happens will the one-sided tariffs fall away? Clearly, that von der Leyen one is a fearsome negotiator. – Yours, etc, BRIAN MURPHY Carrickmines Wood, Dublin 18. Sir, – Relief at the conclusion of an EU-US trade deal is understandable but to me it seems premature. Europe has made a huge concession to the United States and got nothing in return. Giving way to a bully is never a wise move as the likelihood is they will only come back for more. –Yours, etc, RONAN MURPHY, Greystones, Co Wicklow. Investment, housing and jobs Sir, – I too agree with Michael Gilmartin (July 26th) and Enda Scanlon (July 28th). Ireland has focused on attracting ever more inward investment over many years without weighing up the cost. It has become clear that these large multinationals are now the ones calling the shots and the current impetus to improve infrastructure appears to reflect their demands to a greater extent than those of our own citizens. How did we end up giving 50 per cent of our power supplies to data centres in Dublin? Ireland is a small country. We seem to think that our limited natural resources are inexhaustible. They are not. Our focus on financial wealth has resulted in rapid population growth. This has put overwhelming stress on our land, our water, our nature and our biodiversity. It is making daily life more challenging and putting decent housing out of reach of so many. – Yours, etc, CAROL SCOTT, Shankill, Dublin 18. Dancing feet Sir, – There is an old Irish phrase: 'Up here for thinking, down there for dancing'. Michael Flatley should stick to the dancing. – Yours, etc, TONY CORCORAN, Rathfarnham Dublin 14 Voices of protest on Gaza Sir, – Chris Fitzpatrick has correctly pointed out (Letters, July 28th) that Israel's campaign in Gaza in response to the appalling Hamas attack of October 7th has become, in its ferocity and forced starvation, a travesty of the Judaism that the ruling coalition government pretends to represent. But his impression that there are no Jewish voices of protest is not correct. Among the Jewish lobbies that have long opposed Israel's stance and advocated the two-state solution are Britain's Jews for Justice for Palestinians, who march in the current London demonstrations, and the Europe-wide network, JCall. The American equivalent, JStreet, is increasingly influential. Earlier this week, the American Jewish Committee, along with the Reform Movement, the largest Jewish denomination in America, issued statements declaring Israel 'culpable' in its Gaza campaign. In Israel this week, the prominent Jewish human rights organisation, B'Tselem, and the Physicians for Human Rights Israel both specifically labelled Israel's actions as 'genocide'. Former Israeli prime ministers, Ehud Barak and Ehud Olmert, in print and in television interviews, have characterised Israel's Gaza campaign as war crimes. And Israel's liberal daily newspaper Ha'aretz continues to report with total honesty on events in Gaza and the West Bank, and carries every day several op-ed pieces which nothing in these islands can rival for vituperation. Why is all this so little known? Perhaps partly because in newsworthiness it cannot compete with stories of bombing and starvation; and partly because it can make no impression whatever on a regime that is blind to all but its fanatical fantasies. Only determined action by the international powers might have an effect. But, rhetoric aside, I suspect they may be too distracted by presidents Trump and Putin to get around to that. – Yours, etc, LOUIS MARCUS, Dublin 16. Sir, –I was troubled by two letters published on July 28th that, while expressing concern about Gaza, shifted focus on to Jews around the world, urging them to speak out or risk complicity. This places moral coercion on Jews solely because of their identity – something we should not accept, and indeed don't accept, when applied to other groups. Criticism of Israeli policy is not only legitimate, it is regularly voiced by Israelis and Jews globally, including many who strongly support the country. But when Jews are called upon to denounce Israel solely because they are Jewish, it echoes a troubling pattern. One letter also quotes Jewish scripture to suggest Jews have failed their own values: a rhetorical move with a long and damaging history in Christian Europe, even if unfamiliar to many Irish readers. Definitions of anti-Semitism used by the Irish Government and leading academics distinguish clearly between criticism of Israel and collective blame of Jews. I hope future letters will reflect that distinction. – Yours, etc, YOTAM GARDI, Inchicore, Dublin 8. Sir, – Sally Hayden's article 'From a viewing platform in Israel, ' war tourists' pay to see Gaza's ruins,' (July 28th) is an example of investigative journalism at its best. The Israeli mindset is now so far down the rabbit hole of ethnic cleansing it beggars belief. Even the last line where one of the complaints, from people coming to view the carnage, consisted of the potholes on the road leading to the viewing platform! – Yours, etc, JUDY BURKE, Rosscarbery, Co Cork. Sir, – In 1847, at the height of the Irish famine, Charles Villiers, the Earl of Clarendon, was appointed the Lord Lieutenant of Ireland. He arrived during the second year of the Great Hunger. His reports on the scale of the crisis were regularly discounted by a government that deferred to the permanent head of the Treasury, Sir Charles Trevelyan. Despairing of effective famine relief, Clarendon suggested to the prime minister, Lord Russell, that 'there is not another legislature in Europe that would disregard such suffering as now exists in the west of Ireland or coldly persist in a policy of extermination'. Unfortunately, had Villiers been writing today about Gaza, the word 'genocide' would replace 'extermination' and every legislature in Europe would, in fact, be guilty of disregarding such suffering! – Yours, etc, COLIN P DOHERTY, Head of School of Medicine, Trinity College Dublin 2. Bargain cycle lanes Sir, – Olga Barry asks if the €45 million allocation for the 6km cycle lane between Dundrum and Dún Laoghaire will make it the most expensive cycle lane ever built in Ireland (Letters, July 28th). In fact that dubious record surely goes to the 6km cycle lane between Clontarf and Connolly Station which cost an astonishing €70 million to complete before it opened last year, after two years of endless disruption to local residents. The Dundrum to Dún Laoghaire project would appear to be a bargain by comparison. – Yours, etc, BARRY WALSH Clontarf, Dublin 3. The BBC and radio silence Sir, – Well, the BBC have done it! They have taken away BBC's Radio Three and Four, unless one is living in the UK. As an Irish person who has listened to these stations all my life I am feeling bereft. How that leaves the millions of British citizens around the world I can only imagine, and I wonder why on earth this decision has been made. From a purely selfish viewpoint I shall miss these stations terribly during the day. For the summer one looks forward to the Proms on Radio Three, and now I shall have to do without them. With failing eyesight I watch very little television and anyway my love of radio has always superseded any other form of entertainment. Oh BBC, what were you thinking of? – Yours, etc, ITA McCORMACK, Maynooth, Co Kildare. Diamond cutters Sir – Sunday's All Ireland football final was a wonderful occasion but who came up with the idea that the diamond patterned cutting of the grass was a good idea? For those of us watching on TV, and doubtless for those on the upper tiers of the stand, the pattern was confusing and headache-inducing. – Yours, etc, JOHN MacKENNA, Royal Oak, Co Carlow. Busy busy, must fly Sir, – As the manager of a unit in a large organisation, one of the ways in which I judged the enthusiasm of the members of my team was the speed with which they walked down a corridor. ( 'The greatest part of any job is learning to look busy, ' July 26th). Those who walked slowly were rarely upgraded to positions of responsibility. –Yours, etc, FINBAR KEARNS, Piercestown, Co Wexford. Lucia Joyce and Carl Jung Sir, – It was nice to see modern dancer Lucia Joyce, who was celebrated as 'l'Irlandaise' in 1920s Paris, make an appearance in Frank McNally's Diary (July 25th) celebrating Carl Jung's 150th birthday on July 26th. Lucia, who described Jung as 'that big fat Swiss Man trying to get hold of my soul', would have turned 118 on the same day. The cult psychotherapist must have got a shock when this cosmic coincidence of birth dawned on him. He too suffered from psychosis, like his mother. He also wrote of his own fear of 'doing a schizophrenia', and boasted two personalities (his own contemporary self, and Zarathustra). Could his dismissal of Lucia's lost poetry as 'psychotic', therefore be considered a case of kettle calling the pot black? James Joyce considered the same writing to be 'anticipations of a new literature'. As for Lucia's 'diagnosis', she had as many as she had doctors. One concluded: 'Whatever it is she will soon get over it.' Whatever the correct diagnosis, Lucia certainly was an artist ahead of her time, in the wrong gender, and ultimately had to pay the price of definitive incarceration and erasure. We can't turn the clock back, but on her 118th birthday, why not reclaim her legacy as a groundbreaking artist, who struggled perhaps with at least as many mental health challenges as the widely celebrated big old fat Swiss man who failed to get hold of her soul. – Yours, etc, DEIRDRE MULROONEY, Lower Grand Canal Street, Dublin 2.
The Irish Sun
6 hours ago
- The Irish Sun
Newcastle ‘favourites to be RELEGATED' after agreeing to Aaron Ramsdale transfer as Toon fans fear goalkeeper's ‘curse'
FANS fear Newcastle are the favourites to be relegated after they reportedly agreed a deal to sign Aaron Ramsdale. The Magpies have had a difficult transfer window after missing out on top target Advertisement 1 Newcastle have agreed a deal to sign Aaron Ramsdale on loan Credit: Reuters Play Dream Team now! Play The Sun Dream Team ahead of the 2025/26 season Free to play Over £100,000 in total prize money Play in Mini Leagues against your mates Submit a team for Gameweek 1 to enter £5,000 prize draw They also failed to sign their first-choice goalkeeper James Trafford, who returned to So Newcastle have now agreed a deal to sign Ramsdale on loan which includes an option to buy, according to Ramsdale was No1 at His most recent came at Southampton last season, while he also finished in the Premier League bottom three with Sheffield United and Bournemouth. Advertisement READ MORE IN FOOTBALL Another relegation came early in his career while on loan in League Two with Chesterfield. After his latest drop fans were quick to declare that One said: 'Relegationdale.' Another added: 'Ramsdale curse is real I'm afraid.' Advertisement Most read in Football Latest BEST FREE BETS AND BETTING SIGN UP OFFERS Newcastle's capture of Ramsdale could reportedly lead He is out of contract next summer so could prove an affordable option for the Red Devils, who will be without No1 Newcastle manager Eddie Howe gives update on Alexander Isak's Liverpool transfer
Irish Times
8 hours ago
- Irish Times
The Irish Times view on Ireland's response to tariffs: there is a need for strategic thinking
The outline trade agreement between the EU and the US, provided it holds, removes some immediate economic risk for Ireland. But as well as the initial response, it also underlines the line for longer-term strategic thinking about the Irish economy. In the short term, there are calls for supports for Irish businesses exporting to the US to deal with the additional cost. Care is needed here. Companies need assistance to look for new markets. And the Government also needs to examine other ways it can improve their competitiveness in the short term. However, the State cannot provide an ongoing subsidy for businesses to help them to sell to the US at tariff levels that are likely to be in place for some time. Companies can be helped to adjust to the new reality, but there is no point in State support for exports that are no longer economic. Over the coming months, the Government also needs to reexamine its budget sums. As it appears a full-scale trade war can be avoided, the assumptions made in drawing up the Summer Economic Statement, the key pre-budget document published last week, may need to be tweaked rather than torn up. A lot will depend on the details of how different sectors will be affected. READ MORE Ireland must also focus on the longer term. Ireland's economic model has been based in large part on attracting foreign direct investment (FDI) from the US and acting as a bridge between the American and European markets. Of course the State needs to do what it can to protect this and to hope that the framework trade deal is a sign of somewhat calmer times. However, Donald Trump remains determined to attract multinationals in sectors such as pharmaceuticals back to manufacture in the US. And, more fundamentally, the era of relentless globalisation overseen by the World Trade Organisation is over, even if what replaces it is far from clear. And so it is incumbent on Ireland to spread its bets – to diversify its export markets and to work harder to develop indigenous industry. These are both long-term projects and new approaches cannot transform the economy overnight. However, Ireland has focused in policy terms on measures to attract FDI. While domestic firms are supported , too, they often take second place in terms of the allocation of resources and policy attention. This needs to change. Improving the environment for both FDI and indigenous investment also requires vital upgrading of key infrastructure and also human capital – the skills and abilities of the workforce. These areas have been given insufficient attention for some years now – and the price has become clear. The Government's new strategy for competitiveness, promised in the autumn, needs to take a serious view of these issues. It can not be a rehash of current policy.
