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Company behind Ireland’s most expensive pub posts €5.95m loss

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A firm that operates three of Charlie Chawke’s pubs, including Ireland’s most expensive pub, The Old Orchard in Rathfarnham, recorded a pre-tax loss of €5.95 million last year.

New consolidated accounts filed by Milltown Inns and subsidiaries for the Old Orchard and the Dropping Well pubs in Dublin as well as the award-winning Aunty Lena’s bar in Adare, Co Limerick show it recorded the loss as a result of a non-cash write-down of €6.2 million in the value of a freehold investment property.

The group’s operating profits increased by 14 per cent from €897,192 to €1.02 million before the write-down is taken into account.

Revenues dipped marginally to €11.13 million in the 12 months to the end of October last.

The directors state that along operating bars and restaurants the group also own a number of investment properties.

The group also benefited from ‘other income’ totalling €348,319 which included rental income of €268,319.

The directors state that during the financial year, “the group encountered several challenges that impacted overall profitability”.

They state that “while the underlying business operations remained resilient, supported by steady revenue growth across key segments, profitability was significantly affected by increased interest expenses”.

The accounts show that interest on loans increased from €750,820 to €767,183.

The interest costs are mainly connected to the Old Orchard purchase – in 2005 Mr Chawke paid out a record €22 million for the pub.

The directors state that they remain focused on improving the profitability of the group through a combination of revenue growth and effective cost management.

The directors state that “the Group’s EBITDA (Earnings Before Interest Tax Depreciation and Amortisation) for the year amounted to €1.4 million representing a solid level of earnings relative to turnover, despite a small decrease compared to the prior year”.

The directors further state that the group successfully refinanced its banking arrangements by entering into a new financing facility in February 2025.

They state that “this new facility replaces the existing borrowing arrangement and provides extended credit terms”.

The firm recorded a post tax loss of €6.04 million after taking into account a corporation tax charge of €88.410.

The group also recorded an increase of €3.77 million in the valuation of tangible assets.

The group’s net debt reduced from €14.82 million to €14.36 million.

Numbers employed increased from 169 to 176 made up of 169 in ‘bar and restaurant’, five in administration and two in management.

Staff costs totalled €4.3 million. The profits take account of non-cash depreciation costs of €359,471.

Shareholder funds at the end of October totalled €1.85 million.

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McIlroy says Bryson DeChambeau matchup in Ryder Cup would be ‘wonderful’

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RORY MCILROY SAYS facing Bryson DeChambeau in a Ryder Cup grudge match would be “wonderful” after their verbal feud intensified this week, but he’s more concerned about Europe winning in America.

Europe talisman McIlroy, who won the Masters in April to complete a career Grand Slam, will lead the trophy holders against host United States starting Friday at Bethpage Black.

A war of words with American star DeChambeau began at the Masters, where two-time US Open winner DeChambeau vowed to chirp in McIlroy’s ear at the Ryder Cup.

McIlroy, a five-time major winner from Northern Ireland, said last month that DeChambeau, who plays in the Saudi-backed LIV series, can only attract attention by mentioning other golfers.

DeChambeau told Golf Channel on Monday that, “Whatever Rory says and whatnot is great. He didn’t mean anything by it. I hope we can have some good banter back and forth.”

McIlroy eased the spat on Thursday, partly on orders from Europe captain Luke Donald, but was clear he’d be fine facing DeChambeau this week.

“I promised Luke I would only talk about the European team today. I’m going to stick to it,” McIlroy said.

“It’s so easy to play into narratives this week and to get swept up in this whole rivalries and Ryder Cup and whatever it is. All I want to do is go and try and put blue points on the board. I don’t care who it’s against.

“If I come up against Bryson at some point, I think that’s great. That’s wonderful for the championship and wonderful for us, as well, in some ways.”

McIlroy and his teammates have a goal of capturing the Cup on US soil for the fifth time and ending a run of lopsided host Cup wins since the epic Europe 2012 “Miracle at Medinah” fightback road triumph.

“Winning another away Ryder Cup, just considering how hard that has been over the past 12 years, it would be one of the greatest accomplishments of my career for sure,” McIlroy said.

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“Since 2012, you look at the results of the Ryder Cup, the home team has won every time, but they also have won convincingly. It has been pretty one-sided either way.

“Whatever team, whether that’s Europe or America, that’s the one to break that duck, I think, is going to go down as one of the best teams in Ryder Cup history.

“We have a wonderful opportunity this week but we also understand it’s going to be very difficult.”


Rory McIlroy and Shane Lowry at Bethpage Black on Tuesday. Alamy Stock Photo


Alamy Stock Photo

On the eve of his eighth Cup appearance, the most of any golfer this week, McIlroy is part of a team that returns 11 of 12 players from the triumphant Rome squad.

“It has been a really cohesive group for the last three years,” McIlroy said. “We all know what to expect. We all know what our roles are… that has us prepared to give it a really good go this week.”

– Striking a balance –

McIlroy says he is trying to find the right balance for engagement with spectators, who have already booed him with vigour in practice.

“At times in the Ryder Cup, I’ve engaged too much with the crowd, but then there’s times where I haven’t engaged enough,” he said. “So it’s really just trying to find the balance of using that energy from the crowd to fuel your performance.”

From cupping his hand to his ear and yelling, “I can’t hear you,” after making a long putt at Hazeltine in 2016 to being mellow at Whistling Straits in 2021, it’s a delicate touch.

“At Hazeltine I probably engaged too much at times,” McIlroy said. “And then Whistling Straits, I didn’t engage enough and felt pretty flat because of it.”

– © AFP 2025

Written by AFP and originally published on The 42 whose award-winning team produces original content that you won’t find anywhere else: on GAA, League of Ireland, women’s sport and boxing, as well as our game-changing rugby coverage, all with an Irish eye. Subscribe here.

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Virgin Media has axed Big Brother from its new schedule – and fans aren’t happy

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VIRGIN MEDIA IRELAND has confirmed it will not broadcast Big Brother UK this year, sparking outrage among fans.

The broadcaster has held exclusive rights to the ITV reality series in Ireland since 2015, making it the only way Irish viewers could watch the show on TV.

But ahead of the 2025 season, Virgin Media announced it has dropped the programme from its schedule.

Big Brother follows contestants, known as “housemates”, living together in a specially constructed house cut off from the outside world. They are constantly monitored by cameras and microphones, with weekly public votes deciding who stays and who goes.

The last remaining housemate wins a cash prize. Irish presenter Brian Dowling currently serves as one of the show’s hosts.

In a statement to The Journal, Virgin Media said: “As our programming continues to evolve in line with audience interests and viewing habits, we’re focusing on bringing fresh, exciting new content to our schedule this year.”

The broadcaster echoed the message on social media, telling viewers it was “focusing on fresh new content we think you’ll love”, while acknowledging “some confusion” over the change.

Virgin Media Two, previously the home of Big Brother, will instead air Love Island Games in the same slot.

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Fans, however, are not impressed.

A petition urging the broadcaster to change the decision has been launched, and people have voiced their concerns on social media.

One viewer branded the decision “abysmal”, adding that “their pathetic attempt at launching a slate of ‘fresh new content’ has been a disaster.”

Another told The Journal: “Big Brother wasn’t just a social experiment for the people in there, it also connected me and my friends socially who watch it together and discuss the series. Virgin Media was the only outlet for us to watch it.

“It’s very dissapointing,” they added.

“Big Brother has been cancelled twice and this feels like a third cancellation to us Irish viewers,” another mega-fan told us.

“It’s going to send people to get dodgy boxes.”

A fan on social media was more blunt. “Nobody wants fresh new content in the form of Love Island Games. THEY WANT BIG BROTHER.”

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Amazon to pay US regulators $2.5bn to settle Prime probe

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Amazon has agreed to pay $2.5 billion (€2.1 billion) to settle a case brought by the US Federal Trade Commission, in a deal that includes the largest civil penalty ever issued for a violation of the regulator’s rules.

The ecommerce giant on Thursday agreed to pay $1 billion in civil penalties and $1.5 billion in redress to consumers, according to senior FTC officials.

The FTC alleged that the company had duped customers into signing up for its Prime service without their consent, in breach of US consumer protection laws.

The agency also alleged that Amazon was also “sabotaging” efforts made by customers to cancel their subscriptions.

“[Amazon] can no longer deceive consumers to sign up,” said one FTC official. “[This] settlement puts a stop to [Amazon’s] unlawful enrolment practices.”

Amazon did not immediately respond to a request for comment.

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Copyright The Financial Times Limited 2025

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