Conor McGregor Loses Six Figures From Business
Conor McGregor may have several successful business ventures, outside of fighting. However, it seems that one of those businesses has lost him almost half a million dollars!
McGregor Sports And Entertainment was founded in 2014, as a method to help McGregor push his brand into fighting. While there was not a huge connection in his MMA career, it has helped in other ways. Specifically, it was listed as a co-promoter for the massive Mayweather vs McGregor boxing match.
However, according to a recent report, things are not going well for the company. This report states that McGregor Sports and Entertainment posted a loss of €354,708 by the end of 2017. Moreover, this translates to around $416,282 that the company reportedly lost by December.
This will not likely provide a massive impression in the wallet of Conor McGregor. In 2018, the Irishman made almost $100 million, so this is just a small drop. Nevertheless, this does call into question the financial future of the company. McGregor Sports and Entertainment owns McGregor’s news outlet The Mac Life, along with a few smaller things.
According to McGregor, his biggest source of income comes from Proper No. 12 Whiskey. The brand, owned by Conor, apparently earned around $1 billion in it’s first year. This, plus earning at least 7 figures each time he fights, means he is financially comfortable.
However it is important to note that this is one of a string of recent mishaps for McGregor. He has not won a fight since beating Eddie Alvarez in 2016. Additionally, he has had multiple legal troubles which have tainted his image.
All things considered, it has been a tough run for Conor McGregor.