Latest news with #Woosnam
Belfast Telegraph
4 days ago
- Sport
- Belfast Telegraph
Former Masters champion delighted to sign up to new NI Legends event at Galgorm
The Welsh wizard, who was also World No.1 during a remarkable career, will headline a field of former Major champions and Ryder Cup players for the Legends Tour event held at Galgorm on August 29-31. It will be the 20th professional event hosted by Galgorm, which previously was the location for the ISPS HANDA World Invitational on the DP World Tour and LPGA Tour, as well as the NI Open which was held on various tours. And Woosnam, who captained Europe to Ryder Cup success in Ireland at The K Club in 2006, is thrilled to get the chance to come and play at the event in two month's time. 'I am delighted to be heading back to Ireland to compete in this new Legends Tour event. Golf in Northern Ireland is thriving, especially with Rory McIlroy completing golf's Grand Slam recently and The Open returning to Royal Portrush next month,' said the World Golf Hall of Famer. 'Galgorm enjoys a great reputation as one of the country's best tournament venues and I am looking forward to competing here in August. The Pro-Am format for the NI Legends lends itself to a great week where amateurs get the chance to compete alongside the professionals.' The Legends Tour, formerly known as the European Seniors Tour, is open to professionals aged 50 or over and its events regularly feature a wealth of talent including the likes of Miguel Angel Jimenez, Paul Lawrie, Paul McGinley, Colin Montgomerie and Jose Maria Olazabal. As well as the main tournament, the event will also feature a Pro-Am that will see several high-profile names compete alongside the professionals the day before the event begins. 'We are delighted to be bringing the Legends Tour to Northern Ireland and the wonderful Galgorm. It's a venue with a long history of hosting professional tournaments and I'm sure it will present a real challenge to all the players,' said Legends Tour chief executive Phil Harrison. "Northern Ireland is a superb destination for golf and we are looking forward to playing in front of such knowledgeable and supportive fans, who I'm sure will welcome the opportunity to watch legends of the game close-up.' Aine Kearney, interim chief executive at Tourism Northern Ireland, commented: 'We are excited to welcome the Black Desert NI Legends this August, in what is an incredibly exciting year for golf in Northern Ireland. The NI Legends Open, held at Galgorm's championship Castle Course, showcases that Northern Ireland is indeed Made for Golf. 'Tourism NI is proud to support this world-class tournament, which draws golf enthusiasts from across the globe. Events like this not only celebrate our rich heritage and breathtaking landscapes but also showcase the superb facilities we offer to golfers worldwide. We're looking forward to an unforgettable experience for players and spectators alike.' Gary Henry, group golf director at the Galgorm Collection, added: 'The Black Desert NI Legends is something of a tournament milestone as its the 20th professional event to be staged at Galgorm, dating back to 2010 and including the 2020 Irish Open. "We are delighted to be working with the Legends Tour and title sponsors Black Desert on this exciting new event where many household names and former Major champions will be on show at Galgorm in August. "With the Pro-am format we also look forward to welcoming a number of Northern Ireland soccer legends who will take on an All-Star legends team to compete for the Legends Cup.'
Wales Online
17-05-2025
- Business
- Wales Online
Ian Woosnam's huge net worth, Barbados and Jersey life with wife, nightmare that cost £220K
Ian Woosnam's huge net worth, Barbados and Jersey life with wife, nightmare that cost £220K With the PGA Championship at Quail Hollow at its midway point, here's a look at the life of Welsh golfing legend and former Masters champion Ian Woosnam Ian Woosnam is a regular visitor to Barbados, where he owes a property and hosts a golf tournament (Image:) Ian Woosnam remains the only Welshman to ever win a golf major. His crowning achievement came when he famously won the Masters at Augusta in 1991, the year he also reached top spot in the world rankings. Overall, Woosnam spent 50 weeks at the top of the tree, with only four players holding the coveted position for a longer period. While the Masters proved to be his only major title, 'Woosie' won a staggering 52 pro tournaments. He also enjoyed great success in team golf, winning the World Cup for Wales on two occasions, while he played in eight consecutive European Ryder Cup teams between 1983 and 1997. He then captained Europe to one of their most dominant victories over Team USA, who were crushed 18.5-9.5 at the K Club in Ireland in 2006. Here's the lowdown about Woosnam's life away from the course, his savvy investments and the error that cost him £220,000… What is Ian Woosnam's net worth? Woosnam, 67, boasts an estimated net worth of around £22million. That wealth hasn't just been garnered from the golfing career but also from an array of savvy property deals and investments dating back to the early days of his pro career. In 1982, he bought a London flat for £16,000 and sold it for £10,000 more less than a year later. On his approach to his fiscal affairs, he revealed to the Telegraph last year that he makes 'millions a year' in investments. Article continues below Woosnam after winning the 1991 Masters (Image:) 'It's great when you're earning money, but it's not going to last forever,' he said. 'Despite the occasional splurge on treats, I'm actually quite cautious because of what dad instilled in me. 'There were plenty of others on the tour spending three times as much as me. Back in my heyday, the prize money wasn't the obscene amounts they get now on one of the tours, so you had to be smart and invest it properly. I have a financial adviser who looks after my investments, and I make several million a year.' Barbados and Jersey life As he racked up the trophies and winners' cheques in the late 1980s and early 90s, Woosnam bought a plane, which a friend flew him around Europe in, and made plans to move to the tax haven of Jersey. He explained: 'That's why Jersey has been my official home for the last 30 years. I moved to save tax and to make a better life for my young family.' While Jersey is his permanent home with wife Glendryth, he enjoys regular trips to Barbados. He said: 'My three children [two daughters and a son] are all very sensible with money, as I didn't overindulge them growing up. Woosnam has been sensible with his impressive wealth (Image:) 'They all live within half a mile of me here in Jersey and I get to see my grandchildren all the time. Every other year, I treat them to Christmas in Barbados.' Woosnam has close ties to the Caribbean island, where he has a property and hosts a legends tournament. He is an ambassador for Apes Hill complex that hosts the event. Open error that cost £220K However, he saw a chunk of money slip through his fingers at The Open in 2001 following an embarrassing error by his caddie, Mile Byrne. When Woosam was found to have too many clubs in his bag at the second hole, he was docked two shots by officials and fell out of victory contention at Royal Lytham. Woosnam couldn't hide his frustration after being docked two shots at The Open in 2001 (Image: Andrew Redington/ALLSPORT ) While he went on to finish in a tie for third, had he not lost those two shots, he would have finished second, which would have netted him an extra £220,000 in prize money, as David Duval took the title. Woosnam was left furious by the error, hurling a club across the teebox in anger and ranting at his bagman. Article continues below However, he continued to work with Byrne, saying: 'Miles and I will continue to work together and we will both have learned a lot from the experience.' Bryne added: 'I am obviously distraught about what my mistake has cost Ian and will regret not double-checking the bag for as long as I live."
Yahoo
13-05-2025
- Business
- Yahoo
Care home firm's 'dismay' at visa changes
A crackdown on visas for lower-skilled workers has caused "dismay" and "major frustration" for one care home group. Samantha Woosnam, the human resources director for Shropshire's Coverage Care Services, said: "Without this pool of migrant workers I can't see how we are going to be able to maintain our workforce to the levels that we require." And Joyce Pinfield from Bromsgrove, vice chair of the National Care Association, described the move as "yet another blow to the care sector". The government said it would be requiring firms to hire British nationals or extend visas of overseas workers already in the country. Ms Woosnam said her reaction to the news was "dismay, major frustration". She said the industry cared for "the most vulnerable people in our communities and we need skilled people to do this". But she believed the change in the rules would mean "the tools are being removed to enable us to do this properly". Her company employs staff from India, Africa and the Philippines who she said played "a vital part in replacing those hard-to-recruit positions, particularly night-workers". In the past the industry had difficulties attracting British people, she said, and these problems had not gone away. "We had a reduction in the number of young people wanting to come and have a career in care and we had an ageing workforce," she said. Ms Pinfield said: "We just seem to fail to get (British) people in." She said paying more was "very difficult". "Unfortunately, if you are reliant on the fees paid by local authorities, it is very difficult to pay more," she explained. The government plans are part of a wider push to reduce the amount of immigration into the UK. Home Secretary Yvette Cooper said the government expects these changes will "lead to a reduction of up to 50,000 fewer lower-skilled visas over the course of the next year". Ms Woosnam said: "It feels like we have to go back to the drawing board and re-look at our strategies but with really little to do that with." She added part of her dismay was because her company had helped overseas workers settle in Shropshire and that work was now in question. Ms Pinfield said the industry had been "So pleased when we were allowed to bring in care workers from overseas". But she said a lack of clarity meant many firms had "brought people in from abroad that didn't really have the jobs ready for them". She believed this had partly led to the government crackdown. Follow BBC Shropshire on BBC Sounds, Facebook, X and Instagram. Care worker recruitment from abroad to end, Cooper says Care providers say overseas worker crackdown 'short-sighted' How many people come to work and study in the UK? Labour's immigration plans at a glance National Care Association Coverage Care Services Home Office
Yahoo
13-05-2025
- Business
- Yahoo
Star Group Q2 Earnings Rise Y/Y on Cold Weather, Acquisition Boost
Shares of Star Group, L.P. SGU have declined 3.5% since reporting results for the second quarter of fiscal 2025. This compares with the S&P 500 index's 0.5% rally over the same time frame. Over the past month, the stock has gained 21.4% compared with the S&P 500's 9.7% rise. For the fiscal second quarter ended March 31, 2025, Star Group reported total revenues of $743 million, up 11.6% from $666 million a year earlier. This growth was driven by a 22.9% increase in the volume of home heating oil and propane sold to 143.9 million gallons from 117.1 million gallons in the prior-year period. Net income rose 25.6% year over year to $85.9 million from $68.4 million. Adjusted EBITDA climbed 33.1% to $128.2 million from $96.3 million. EPS available to limited partners increased to $2.01 from $1.56, reflecting improved operating leverage despite a 10.9% drop in per-gallon selling prices due to lower wholesale costs. Star Group, L.P. price-consensus-eps-surprise-chart | Star Group, L.P. Quote Star Group also recorded notable performance improvements across its service and installation segments. Revenues from installations and services rose 10.2% year over year to $77.9 million. The gross profit from these services increased by $1.6 million year over year, supported by efforts to expand offerings and price increases. Margins on home heating oil and propane strengthened. Per-gallon gross profit margins in the base business rose 4.4% to $1.75, reflecting disciplined pricing and cost control. President and CEO Jeff Woosnam attributed the strong quarter to colder-than-expected weather and the positive impacts of recent acquisitions. Although the quarter was still 4.5% warmer than the 30-year average, it was nearly 13% colder than the same period last year, boosting demand. 'Since February 1, 2024, we've completed $126.5 million of acquisitions,' said Woosnam, adding that some deals closed during the heating season and, thus, were not fully reflected in current results. He also highlighted employee performance during high-demand periods and reiterated the company's focus on growing its HVAC business. The company raised its annual dividend by 5 cents to 74 cents per unit, a move aligned with its capital allocation priorities. While sales volumes and EBITDA increased significantly, Star Group's profitability was tempered by a $9.6-million swing in its weather hedge position. In the second quarter of fiscal 2025, colder-than-expected temperatures triggered $3.1 million in expenses under the hedge contracts, contrasting with a $6.5-million gain in the prior year due to unseasonably warm weather. Expenses also rose across categories. Delivery, branch and G&A expenses increased by $22 million, including $7.5 million from acquisitions and a $3.7-million increase in the base business. The remaining $9.6 million was attributed to the weather hedge impacts. Additionally, depreciation and amortization climbed 15% to $8.9 million, while interest expenses rose 16.3% to $4.5 million due to higher borrowing levels and rates. The company emphasized an active acquisition pipeline focused on the distribution side of the business. Management expressed confidence in their operational readiness for the non-heating season and a continued focus on efficiency and HVAC business expansion. Star Group continued its acquisition strategy, completing three transactions in the quarter totaling $79.6 million in cash. The deals included one heating oil and two propane businesses, collectively adding 14.7 million gallons in annualized volume. This followed $49.4 million in acquisitions in fiscal 2024. The company also repurchased 13,000 common units in the first quarter and another 6,000 in the second quarter at an average price of $11.24 per unit. As of the end of March 2025, 1.5 million units remained authorized for repurchase under its plan. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Star Group, L.P. (SGU): Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Daily Star
27-04-2025
- Sport
- Irish Daily Star
Golf legend Ian Woosnam overcame chronic pain for one last shot at the Masters
Ian Woosnam, the 1991 Masters champion, has had a rough go with chronic back pain as a result of ankylosing spondylitis, a rare arthritis form. He's twice announced his retirement from The Masters in 2016 and 2019 because the hilly Augusta National was just too much for him. Despite a stellar career that boasts 29 European Tour victories, being world number one for 50 weeks, and captaining the European Ryder Cup team to victory in 2006, all contributing to him being inducted into the World Golf Hall of Fame in 2017, his condition nearly cut his playing days short. After missing the cut at Augusta for the eleventh year in a row in 2019, just like a number of stars this year , Woosnam expressed his despair, stating how he thought it was likely his "last time playing here," citing unbearable pain each time he played the course. Read More Related Articles Shedeur Sanders breaks silence as five QBs taken before him in NFL Draft Read More Related Articles Tom Brady's pre-Draft comments on Shedeur Sanders come to light "I'm just in too much pain. And it happens every time I get here. It must be the hills because I've been playing and hitting a lot of balls recently with no ill effects. But as soon as I get on this course, my back bothers me," he said. Woosnam lamented the situation, saying: "I know I've said this before. But this time it feels like the end. I want to enjoy playing, but I just can't. It's too bad, really. I'm playing well, so it is really disappointing. But I have to say goodbye sometime. If nothing changes physically, I'm done. I just can't go on like this." However, Woosnam's life took a turn for the better when he decided to undergo spinal decompression surgery a year later, giving him one more chance to play the iconic Augusta course . He had the procedure at St. Vincent Charity Medical Center in Cleveland, and after some time spent on rehabilitation, felt ready to face one of golf's most challenging competitions. "The last few months, I have been feeling really strong again. I guess I should have had this surgery years ago," Woosnam remarked in 2021. "Feeling like I do, I knew when I got the invitation to play in April that retirement would have to, once again, wait. I can't wait to play. Woosnam claimed his only Masters title in 1991 "[I want to] walk around for 36 holes ... and just to try and play the course without being in any pain, really, because I've been in pain for the last 20 years playing around here." Woosnam achieved his goal, making another appearance at The Masters before deciding to end that part of his career. Although he didn't make it past the initial rounds, he played admirably, finishing nine-over-par after two days, outscoring other Masters winners such as Sandy Lyle, Vijay Singh, Fred Couples, and Larry Mize. Notably, Woosnam was only three strokes behind Rory McIlroy , who eventually secured the Green Jacket two weeks ago to finally achieve a career Grand Slam and end an 11-year wait for a fifth major. This weekend, Woosnam is participating in his first tournament of the season on the Legends Tour, which is the senior circuit of the DP World Tour. The 67-year-old is hosting the Barbados Legends at Apes Hill, where he'll be joined by well-known players including Paul McGinley and Michael Campbell.
