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Planning permission sought for Clonskeagh student homes

Planning permission sought for Clonskeagh student homes

Business Mayor09-05-2025

A Bain Capital backed firm is to lodge plans for 439 purpose built student bed spaces for the former Smurfit Paper Mills site at Clonskeagh in Dublin 6.
In the planning application, Bain Capital vehicle, Harley Issuer DAC is seeking planning permission for the beds across five blocks from one storey to part seven storeys along with 16 apartments.
The Large Scale Residential Development (LRD) also includes the extension and renovation of 14 existing homes at Clonskeagh Road.
In lodging the Purpose Built Student Accommodation (PBSA) plans, the firm is looking to tap into the lucrative market for student housing in south Dublin.
The 2023/2024 annual report by University College Dublin (UCD) shows it generated €42.8 million in 'rental income from student residences on campus' in the 12 months to the end of September last.
The planned scheme is 1km north-west of UCD's Belfield campus, and a report with the application states that excluding overseas students, the total UCD student population is currently 37,899.
The new LRD plan supersedes a permitted five apartment scheme for the site where planning permission is due to expire in June of this year.
An accompanying planning report by consultant, John Spain, states that 'the scale of the proposed development is considered to integrate appropriately with its surroundings, whilst introducing increased height'.
Mr Spain also states that the proposal constitutes' the sustainable development of these underutilised lands and will enhance the appearance of the site'.
The Spain report states that the proposed PBSA scheme, which will provide 439 purpose built student bedspaces 'will fulfil an identified need for student accommodation for UCD'. Read More Ryanair agrees partnership deal with Expedia
The planning report adds that the scheme 'represents a suitable form, design and scale of development for this strategically located underutilised site, which will provide for an effective and efficient use of this site which is highly accessible and well served by public transport'.
In a separate 'Student Accommodation Demand, Concentration and Justification Report' by John Spain Associates, it states that the provision of a purpose-built and managed student accommodation scheme 'will accommodate some of the student population currently living in privately rented accommodation in the area in the new development'.

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The World's Highest-Paid Golfers 2025
The World's Highest-Paid Golfers 2025

Forbes

time13 hours ago

  • Forbes

The World's Highest-Paid Golfers 2025

Over the past year, no golfer has dominated quite like Scottie Scheffler. Since last year's U.S. Open, the 28-year-old American has won six events and racked up an astonishing $67 million in on-course earnings, including the $25 million bonus that came with his FedEx Cup victory. But even with those astronomical winnings—plus an estimated $30 million off the course, for a total haul of $97 million—there is one title that remains just out of Scheffler's grasp: the world's highest-paid golfer. For the second consecutive year, that honor belongs to Jon Rahm, who Forbes estimates pulled in $102 million over the past 12 months before taxes and agents' fees. The 30-year-old Spaniard hasn't come close to matching Scheffler's production on the course, winning only two LIV Golf events over the past year, but his decision to switch tours is still paying massive dividends. Rahm's earnings total includes an estimated $50 million annual payment from the Saudi-backed LIV as part of the reported $300 million guarantee he received to defect from the PGA Tour. Three years after LIV arrived on the golf scene, Bryson DeChambeau (No. 8 on the list of the world's highest-paid golfers with total estimated income of $45 million) and Phil Mickelson (No. 10, $40 million) are among the other stars still collecting paychecks from nine-figure guarantees, along with Dustin Johnson, Brooks Koepka and Cameron Smith, who fell short of the earnings top 10 this year. Yet LIV's spending spree has seemingly come to an end, with no new high-priced acquisitions since Rahm and Tyrrell Hatton joined up ahead of the 2024 season. And without a fresh set of lucrative signing bonuses, the world's 10 best-paid golfers are collectively making less—an estimated $612 million, down 10% from 2024's $678 million and 19% from 2023's record $752 million. The PGA Tour is certainly doing its part to prop up that total, offering $366.9 million in prize money for the 2025 regular season as it competes with LIV for talent. The figure represents a 1% increase from the prior year and is up a modest 11% since the 2021-22 season's $330.3 million, but the jump comes out to a heftier 39% on a per-event basis, with the calendar narrowing from 40 regular-season tournaments to 32. Adding in golf's four majors, the FedEx Cup playoffs and the Comcast Business Tour Top 10, a bonus pool that rewards regular-season performance, PGA golfers are expected to compete for nearly $700 million this calendar year. While that would be a drop from the $728 million total of 2024, the gap stems from the PGA Tour's move to replace the $50 million Player Impact Program—which rewarded superstar golfers for the buzz they generated—with the Player Equity Program, a new initiative that in 2025 will grant qualifying members stakes worth a combined $930 million in the tour's for-profit commercial entity, PGA Tour Enterprises. (Those awards are not reflected on the highest-paid golfers list, which counts only cash compensation.) Some golfers also boosted their pay this year with the newly launched TGL, the indoor golf league cofounded by Tiger Woods, Rory McIlroy and media executive Mike McCarley. In its inaugural season, the competition awarded $21 million in prize money, and many of the TGL's top signings are believed to have received seven-figure bonuses. The shifting prize pools have rebalanced the composition of golf's top 10 earners, with the PGA Tour now claiming six spots and LIV four—the first time in LIV's existence that it has made up less than half the ranking. Where the sport goes from here is somewhat uncertain. LIV is in the early days of a regime change after replacing former commissioner and CEO Greg Norman with veteran sports executive Scott O'Neil in January and poaching Aston Villa FC president of business operations Chris Heck to become its president this month. The tour has also added broadcast deals with Fox and DAZN and welcomed new brand partners, including Salesforce and PING, which is sponsoring LIV's Torque GC team. Meanwhile, the PGA Tour, Europe's DP World Tour and Saudi Arabia's Public Investment Fund still have not hammered out a deal for the new for-profit entity they agreed to form in June 2023. Earlier this year, the PIF offered to invest $1.5 billion into PGA Tour Enterprises, the tour's commercial entity, but was rebuffed, with the Saudis' insistence that LIV continue to operate proving a sticking point, according to a report by the Guardian. Even if LIV is done handing out massive signing bonuses, it's a major player in golf's biggest skins game. The World's Highest-Paid Golfers 2025 In Rahm's first year with LIV, in 2024, he won the tour's season-long individual title—and the $18 million bonus that came with it—even though he didn't claim his first victory until his 11th event. Thus far in 2025, Rahm is third in the individual standings, recording three top-five finishes in eight tournaments. Off the course, his earnings have significantly declined since he left the PGA Tour. While he once collected an estimated $25 million from endorsements annually, he is now believed to be making less than half that mark from a portfolio of brands that includes Callaway, Rolex and Santander Bank, which sponsors his LIV team, Legion XIII, through its Openbank subsidiary. After piling up six tournament victories in the first half of 2024, including the Masters, Scheffler added Olympic gold in Paris and then titles at the Tour Championship and the Hero World Challenge to close out the year. He is on a similar trajectory in 2025, having won three events, including the third major title of his career at the PGA Championship in May. The success seems to be attracting new fans: Last week, following Scheffler's four-stroke win at the Memorial Tournament, CBS announced that the final round had averaged 3.06 million viewers and was the most streamed non-major golf event ever on the Paramount+ streaming service. McIlroy claimed his first green jacket in dramatic fashion in April, defeating Justin Rose in a playoff to win the Masters. The victory, three years after a heartbreaking second-place finish at the tournament, placed McIlroy in rare company, as the sixth golfer to complete the modern-era Grand Slam with a victory at all four major tournaments, after Gene Sarazen, Ben Hogan, Gary Player, Jack Nicklaus and Tiger Woods. In addition to his traditional endorsements, which include Nike, Optum and TaylorMade, McIlroy in May announced the launch of a new sports fund in a partnership between his investment firm, Symphony Ventures, and private equity outfit TPG. Woods has played just two events over the past year, and after announcing in March that he had ruptured his left Achilles tendon, he isn't expected to return to the course for quite some time. But he has plenty to keep him busy. In 2024, Woods parted ways with longtime sponsor Nike after 27 years and an estimated $500 million in earnings to launch his own apparel brand, Sun Day Red, in partnership with TaylorMade. This year, the TGL golf league he cofounded with Rory McIlroy began play with an encouraging first season that drew an average of 513,000 viewers for its weekly broadcasts, according to Nielsen. The number peaked at 1.05 million in Week 2 when Woods and his squad, Jupiter Links GC, made their season debut. Morikawa is currently the No. 4-ranked golfer in the world, a testament to his consistency considering he hasn't won a PGA Tour event since October 2023. He has come awfully close twice this season, however, placing second at the Sentry in January and at the Arnold Palmer Invitational in March. The two-time major champion will try to turn around his luck this week at the U.S. Open, a tournament where his best finish has been fourth, in 2021. Still, the drought hasn't stopped him from profiting off his 11 partnerships, with brands such as Adidas, Kowa and TaylorMade. Morikawa was also featured prominently in the first season of Netflix documentary series Full Swing. Niemann has been LIV's most dominant player in 2025, winning events in Adelaide, Singapore, Mexico and Virginia. He leads the tour with $16.8 million in individual prize money and sits at No. 1 in the season points standings, ahead of Bryson DeChambeau and Jon Rahm. The 26-year-old Chilean is still looking for his first major title, but he seems to be making progress: He placed eighth at this year's PGA Championship, his best finish at one of the four tournaments. Niemann will also have the chance to better that result at the U.S. Open after the USGA in February announced an exemption for the top LIV golfer who hadn't qualified for the tournament otherwise—the first direct path to a major for the Saudi-backed tour. Schauffele's 2025 isn't off to a hot start, with an eighth-place finish at the Masters representing his best finish this year. But he's still riding the momentum of a banner 2024, which saw him collect his first two major titles, at the PGA Championship and the British Open, and a career-best $18.4 million in official prize money. Off the course, Schauffele has reshaped his portfolio of brand partners, adding Blue Owl Capital and the Kentucky Derby this year to a group that already included Callaway, Descente and Avis. DeChambeau lost sponsors when he crossed over to LIV in 2022, but he's starting to make a comeback. In January, Reebok agreed to a long-term partnership with his team, Crushers GC, and named DeChambeau the 'official face of Reebok Golf apparel and footwear offerings.' The 2020 and 2024 U.S. Open champion also has partnerships with Rolex and NetJets and is one of the sport's most popular players, especially among younger fans, thanks in part to his robust YouTube channel. Last year, a video he posted of a round of golf with President Donald Trump drew 15 million views, and he now has more than 2 million subscribers and 343 million total views. Last year, Matsuyama won the Genesis Invitational and the FedEx St. Jude Championship and picked up a bronze medal at the Paris Olympics, representing his native Japan. He carried the momentum into 2025 with a victory at the Sentry in January, but since then, he has missed the cut three times. Those momentary struggles aside, Matsuyama is still the world's ninth-ranked golfer and remains highly popular across the Pacific, with a sponsor portfolio filled with Japanese companies including Lexus, Nomura Financial, NTT Data, Srixon and Tokyo Electron. More than halfway through his fourth season as a LIV golfer, Mickelson has yet to secure his first victory on the breakaway circuit. The dip in form has left him openly pondering his future, with the 54-year-old American hinting last year that he could step aside when his four-year LIV contract expires after 2025 and acknowledging recently that this year's U.S. Open could end up being his last. But Mickelson has also shown signs of life this season, finishing third at LIV's Hong Kong event and sixth at Miami. Meanwhile, he continues to publicly praise LIV's progress and the players the tour has added, including U.S. Amateur champion José Luis Ballester. This year's list of the world's highest-paid golfers tracks earnings over the last 12 months, dating to the 2024 U.S. Open. All figures are rounded to the nearest $1 million. In addition to prize money, the on-course figures include bonuses from the PGA Tour (including its Player Impact Program) and TGL, as well as annual payments that some athletes receive from LIV Golf, carrying over from their initial deals to join the upstart Saudi-backed tour. (Based on conversations with more than a dozen industry experts, Forbes estimates that top-tier LIV players received half their guarantees upfront while lower-tier players received smaller sums in bulk. Forbes generally estimates any remaining guaranteed money is being paid in equal annual installments across four-year contracts.) The off-course earnings figures are an estimate of sponsorship deals, appearance fees, and memorabilia and licensing income over the last 12 months, plus cash returns from any businesses in which the athlete has a significant interest. Forbes does not include investment income such as interest payments or dividends but does account for payouts from equity stakes athletes have sold. Forbes does not deduct for taxes or agents' fees.

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