Conor McGregor's Irish firm returns to profit

business
Conor McGregor: Forbes recently estimated that his 2020 earnings are worth around $48 million (€39.8 million).
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Gordon Deegan

The main Irish firm of mixed martial arts superstar, Conor McGregor last year returned to profit.

New figures show McGregor Sports and Entertainment Ltd recorded profits of €533,621 for 2019. This followed losses of €309,462 for 2018 and losses of €470,923 in 2017.

The profit recorded by the firm last year reduced the company’s accumulated losses from €664,270 to €130,649.

However, the accumulated losses at the company are unlikely to trouble the 32-year-old Crumlin man as Forbes recently estimated that his 2020 earnings are worth around $48 million (€39.8 million).

McGregor didn’t appear in the Octagon during 2019, but returned there last January with a first round knock-out of Donald Cerrone, where he reportedly made $30 million from the fight.

Return to Octagon

McGregor reportedly made the majority of his money from pay-per view sales, having earned a $3 million pay-day for the bout.

He announced his retirement from the sport last June but will add to his coffers when he returns to the Octagon next month, where he is due to fight Dustin Poirier.

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Last year was the first full year of sales of McGregor’s Irish whiskey, Proper No. Twelve with the new brand becoming the fourth most popular in the world last year with shipments of 213,800 cases.

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McGregor Sports and Entertainment Ltd was only established in July 2014 to exploit the former plumber’s earning potential and is engaged in the management, promotion and endorsements in the sporting sector.

Trademark battle

The company is currently engaged in a brand battle with a Dutch firm Schiphol-based McGregor IP B.V. to have the ‘Conor McGregor’ and other McGregor related trademarks registered across the EU.

McGregor’s fiancée and long-term partner, Dee Devlin is a director of the company along with long time friend of McGregor, Alan Geraghty.

Directors’ pay last year remained at the same level at 2018 was €108,000.

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