A new era for The League of Millionaires?
Podcast
A new era for The League of Millionaires?
David Sneyd and Shane Keegan take a deep dive into the League of Ireland's rising wages and increased European bonuses, before turning their attention to Evan Ferguson and Roma.
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Irish Examiner
20 minutes ago
- Irish Examiner
Paul Hosford: The game of roulette is sure to continue
And so the Donald Trump tariff roulette ball lands on 15. That is the percentage rate which EU and US goods will be subject to after weeks of showdown talks between the two parties. The deal will impose 15% tariffs on almost all European exports to the US, including the likes of cars. It brings what the government here is calling clarity, and avoids a 30% trade war between the two largest trade partners in the history of commerce. Privately, the message is similar across the board: it's not great, but it's not as bad as it could have been, which in an Irish context will mean tighter belts, but more of a watching brief in this year's budget. Most around the Irish government are of the opinion that the impact of tariffs will probably not be seen in its entirety this year, given the late stage at which the tariff framework has been agreed. What happens from here on out is where the challenge lies. Last week, the Government released its summer economic statement, which outlined a total budget package of €9.4bn. Included in this is €1.5bn in tax cuts and €7.9bn in increased spending. Though how much of that is already accounted for was not clear as public expenditure minister Jack Chambers and finance minister Paschal Donohoe released the document last Tuesday. The message from Mr Chambers has been that spending needs to moderate, particularly in a day-to-day sense. US president Donald Trump with European Commission President Ursula von der Leyen at the Trump Turnberry golf course in Scotland last Sunday. Picture: Jacquelyn Martin/AP The Government has been quick to play down the idea that October 7 will see an austerity budget, but it will probably be the closest that a generation of taxpayers can remember. This will be far from those swinging days of cuts and protests and febrile demonstrations, but it will not bring with it a huge expansion of spending. In part, that is because the budgets of recent years have seen a huge expansion of public expenditure. In Budget 2020, passed in October 2019, there was a total gross voted current expenditure of just under €62bn. Flash forward to last October, and that figure stood and a little over €90bn. The state cannot realistically continue to grow at a rate of tens of billions of euro in baked-in spending every five years. Some moderation was always going to happen. Beyond that, there is the simple fact that nobody knows whether this 15% tariff is here to stay. Given the continuing rate of change within the Trump administration on the issue of tariffs, there is no guarantee that we won't be back worrying about the future face of trade between the EU and the US in mere months. Who is to say that the next time Mr Trump has a domestic issue to quell, a 30% tariff is not back on the agenda? The summer economic statement published last week was done so on the basis the tariffs would be 10%. Ireland does two sets of economic projections a year in April and October, and so last week's figures were based on the situation as had been the case in April. The document itself says that, should the tariff situation worsen, there would be a need to look at Ireland's economic model. The document said that if the tariff landscape deteriorates, the government would "recalibrate" its fiscal strategy, reducing the quantum of the budgetary package. While 15% is not the worst spin of the roulette wheel, more challenges lie ahead.
The Irish Sun
an hour ago
- The Irish Sun
Football legend's son, 19, RETIRES after eight months unemployed due to ‘too much pressure' as he embarks on new career
THE son of Roma legend Francesco Totti has retired from professional football aged just 19. Cristian Totti announced his decision to hang up his boots last week. 2 Francesco Totti's son Cristian has retired from football Credit: Getty 2 He decided to hang up his boots due to the weight of his dad's legacy Credit: Getty 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 He told Italian outlet La Nuova: "I can't say anything… Yes, I'm retiring, I've decided." It has been reported that the 19-year-old made the decision to retire due to the weight of his dad's legacy. Italian journalist Paolo Ardovino said: "His last experience was in Sardinia, a year ago with Olbia in Serie D. Few appearances, a lot of media pressure, and even a huge social media controversy over his questionable physical condition. "Spoiler: it wasn't true; he's always had the normal physique of a normal footballer." READ MORE IN FOOTBALL Meanwhile, his former coach, Marco Amelia, said that Cristian was good enough to make a career for himself in the lower leagues of Italian football. However, he did suggest that Amelia said: "I think he would have had a great career ahead of him as a player in Serie C and Serie B. "Being Totti's son had an impact on his evaluations." Most read in Football CASINO SPECIAL - BEST CASINO BONUSES FROM £10 DEPOSITS Cristian is now set to work alongside his older brother, Riccardo, as part of the Totti Soccer School in Italy. He will be responsible for identifying young talent and working closely with the academy's general manager Claudio D'Ulisse. World Cup winner and one-club legend rolls back the years with stunning goal from halfway line Born in Rome, Cristian spent his earliest playing years in He also represented the academies of Frosinone and Rayo Vallecano before playing in Serie D with Avezzano and Olbia. Meanwhile, his dad spent 25 seasons playing for Roma, making 785 appearances.
The Irish Sun
an hour ago
- The Irish Sun
Man Utd wonderkid Toby Collyer, 21, ready to LEAVE Old Trafford in summer transfer in pursuit of first-team football
YOUNGSTER Toby Collyer is ready to LEAVE Manchester United - so he can prove to Ruben Amorim that he has a long-term Old Trafford future. Midfielder Collyer, 21, made 13 appearances for Advertisement 3 Toby Collyer is open to leaving Man Utd on loan Credit: Getty 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 But with no European football for Single-minded Collyer who walked out on And he recalled: 'Last year was a really good season for me, in terms of experience and getting as many minutes as I did. 'The thing that annoyed me was the injuries picked up, although I feel I've learned a lot from that. Advertisement READ MORE IN FOOTBALL 'First and foremost, I want to play as many games as possible. 'So I'll sit down with the manager and higher-ups and see what's the best solution for that, whether the best way for me to develop is staying here or going on loan. 'The end goal for me is to play as many minutes as possible here, hopefully starting every week but at this stage in my career I want to play as many games as possible.' For now, though, Collyer is among the group of younger players who are part of Amorim's squad in Chicago and he is determined to ensure the approach of senior stars Advertisement Most read in Football SUN VEGAS WELCOME OFFER: GET £50 BONUS WHEN YOU JOIN 3 He added: 'When I look at Bruno and Casemiro, the main thing that both of them have is calmness, which comes with experience. 'They also speak about staying calm but also playing to my strengths. Advertisement Man United fans answer whether they still back Ruben Amorim 'When you see players who make it into the first team, they all play exactly how they played at youth level. 'They don't all of a sudden change their game. It's about utilising what's got me to this position.' 3 Advertisement
