{"id":326309,"date":"2019-09-26T00:08:14","date_gmt":"2019-09-26T07:08:14","guid":{"rendered":"http:\/\/staging.tcpcharms.com\/bjpenn\/?p=326309"},"modified":"2019-09-27T05:45:29","modified_gmt":"2019-09-27T12:45:29","slug":"conor-mcgregors-company-suffers-six-figure-loss","status":"publish","type":"post","link":"https:\/\/staging.tcpcharms.com\/bjpenn\/mma-news\/ufc\/conor-mcgregors-company-suffers-six-figure-loss\/","title":{"rendered":"Conor McGregor&#8217;s company suffers six-figure loss"},"content":{"rendered":"<p>Conor McGregor&#8217;s Irish firm has taken a financial blow. McGregor Sports and Entertainment Ltd recorded losses of \u20ac309,462 in 12 months.<\/p>\n<p>The firm\u2019s accumulated losses increased from \u20ac354,708 to \u20ac664,170 in 2018. It also announced a loss of \u20ac470,923 in 2017.<\/p>\n<p>The company was created to manage &#8216;The Notorious&#8221; entertainment endeavours in sport. Whilst the numbers released are significant, it is unlikely they will dent the wallet of Conor McGregor, who is estimated to be worth <a href=\"https:\/\/www.forbes.com\/profile\/conor-mcgregor\/#43ba0afe7595\">between $47 to $110 million<\/a>.<\/p>\n<p>During his most recent fight against Khabib Nurmagomedov at <a href=\"http:\/\/staging.tcpcharms.com\/bjpenn\/mma-news\/ufc\/video-watch-khabib-nurmagomedov-conor-mcgregor-ufc-229-brawl-from-new-angles\/\">UFC 229<\/a> in 2018, he earned a $3 million fee for fighting the undefeated lightweight champion. He lost the fight via a neck crank in the fourth round, but his bank balance was certainly winning. McGregor also received PPV earnings which are estimated to have pushed his fee to <a href=\"https:\/\/www.irishmirror.ie\/sport\/ufc\/conor-mcgregor-ufc-news-notorious-20173773\">over $30 million<\/a>.<\/p>\n<p>Also, this does not include additional sponsorships and endorsements. &#8216;Mystic Mac&#8217; renewed his contract with Reebok which pays Conor McGregor a hefty $5 million a year.<\/p>\n<p>However, the majority of <a href=\"https:\/\/www.irishpost.com\/news\/conor-mcgregor-reveals-stunning-amount-proper-no-12-whiskey-made-past-year-166476\">McGregor&#8217;s financial success<\/a> has come from his Whisky brand, <a href=\"http:\/\/staging.tcpcharms.com\/bjpenn\/mma-news\/ufc\/video-conor-mcgregor-announces-proper-no-twelve-has-arrived-in-canada\/\">Proper No. 12<\/a>.<\/p>\n<blockquote class=\"instagram-media\" data-instgrm-captioned data-instgrm-permalink=\"https:\/\/www.instagram.com\/p\/BxAdulhjrwo\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\" style=\" background:#FFF; 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font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:550; line-height:18px;\">View this post on Instagram<\/div>\n<\/div>\n<div style=\"padding: 12.5% 0;\"><\/div>\n<div style=\"display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;\">\n<div>\n<div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);\"><\/div>\n<div style=\"background-color: #F4F4F4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;\"><\/div>\n<div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);\"><\/div>\n<\/div>\n<div style=\"margin-left: 8px;\">\n<div style=\" background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;\"><\/div>\n<div style=\" width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg)\"><\/div>\n<\/div>\n<div style=\"margin-left: auto;\">\n<div style=\" width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);\"><\/div>\n<div style=\" background-color: #F4F4F4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);\"><\/div>\n<div style=\" width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);\"><\/div>\n<\/div>\n<\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;\">\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;\"><\/div>\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<p style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;\"><a href=\"https:\/\/www.instagram.com\/p\/BxAdulhjrwo\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;\" target=\"_blank\">A post shared by Conor McGregor Official (@thenotoriousmma)<\/a><\/p>\n<\/div>\n<\/blockquote>\n<p><script async src=\"\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><\/p>\n<p>The company McGregor Sports and Entertainment Ltd was first established in 2014 to enhance the fighter&#8217;s earning potential. It engages in sports management, promotions and endorsements. It is currently involved in a brand battle with Dutch company Schiphol-based McGregor IP B.V. to have &#8216;Conor McGregor&#8217; related trademarks registered throughout the EU.<\/p>\n<p>Conor McGregor&#8217;s partner and mother to his two children (Dee Devlin) is a company director, alongside his long term friend, Alan Geraghty.<\/p>\n<p>The new accounts provided last Friday demonstrate that the company&#8217;s cash pile has plummeted from \u20ac324,438 to \u20ac1,761. According to a note attached to the account, the directors have thoroughly considered the company&#8217;s financial position, business prospects and its ability to generate positive cash flow or additional funding required in the future.<\/p>\n<p>The note said,\u00a0\u00a0\u201cOn that basis, the directors are satisfied that the going concern basis is appropriate.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Conor McGregor&#8217;s Irish firm has taken a financial blow. McGregor Sports and Entertainment Ltd recorded losses of \u20ac309,462 in 12 months. The firm\u2019s accumulated losses increased from \u20ac354,708 to \u20ac664,170 in 2018. It also announced a loss of \u20ac470,923 in 2017. The company was created to manage &#8216;The Notorious&#8221; entertainment endeavours in sport. Whilst the [&hellip;]<\/p>\n","protected":false},"author":54472,"featured_media":313196,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[10089,39610],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.7 (Yoast SEO v19.14) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Conor McGregor&#039;s company suffers six-figure loss | BJPenn.com<\/title>\n<meta name=\"description\" content=\"Conor McGregor&#039;s company McGregor Sports and Entertainment Ltd has accumulated losses of \u20ac309,462 over the past twelve months.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.tcpcharms.com\/bjpenn\/mma-news\/ufc\/conor-mcgregors-company-suffers-six-figure-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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