Conor McGregor could should restrict his jet-setting world wide and month-long holidays on his superyacht.
After being discovered answerable for the 2018 rape of Nikita Hand at a Dublin resort, McGregor was ordered to pay the sufferer over $250,000 in damages and one other million {dollars} to cowl her court docket charges — a slightly paltry quantity for somebody reportedly value greater than $100 million.
Sadly for McGregor, the harm seems to be removed from performed.
Within the wake of the ruling, a number of corporations have lower ties with the UFC megastar, together with Correct No. 12, the favored model of Irish whiskey he helped develop earlier than promoting to Proximo Spirits for $150 million in 2021. McGregor was not a component proprietor at that time, however the firm stored him on as a spokesman following the buyout—a task he not carries as of final month’s verdict.
In accordance with ex-fighter Brendan Schaub, Correct No. 12 was Conor McGregor’s largest supply of revenue, accounting for $5-10 million of his revenue monthly.
“For him to lose [Proper 12], you’re talking about millions of dollars per month, gone. There’s no payout,” Schaub mentioned on his official podcast. “Because when you’re accused of what [McGregor] has been accused of, that goes completely against the contract and you get no backup money, they don’t pay you a severance fee. There’s none of that. So you’re talking possibly, I don’t know how much they pay him, maybe $5-10 million dollars a month” (h/t MMA Mania).
Conor mcGregor’s lavish life-style might develop into a monetary burden within the coming months
After all, Correct No. 12 wasn’t the one firm to chop ties with Conor McGregor. A number of retail chains all through the UK and Eire started pulling any merchandise related to him off their cabinets, together with his Cast Irish Stout which has sponsorship offers with Matchroom Boxing and Naked Knuckle Preventing Championship—one other firm McGregor nonetheless retains a component possession in.
Earlier this yr, McGregor was added to the favored ‘Hitman’ online game franchise as ‘The Disruptor,’ a multi-billionaire MMA fighter that gamers can search out and eradicate. That collaboration has since been extinguished by developer IO Interactive who confirmed in an announcement that they’d be eradicating all content material related to McGregor instantly.
“When you’re banking on that [money] as Conor and you’re spending the money like he’s spending … when he was coming up, $10 million changes his life,” Schaub continued. “Let’s say he buys mansions, I bet he bought a few of them. He buys these cars. Now unless he paid all cash for those, those still have a payment every month. Chances are he didn’t pay all cash. So his monthly nut, just based off what we see online, is a few million dollars a month. Most of that was taken care of from the money he was getting from Proper 12.”
“All those companies jump off, so you go from $10 million a month to zero. But the government, with your taxes, and your mortgage payments on multiple houses, and those yachts that you leased or bought, those cars that you leased or have car payments on, or your kids’ private school, or Dee’s monthly payment, whatever you pay her for shopping and whatever, or the housekeeper, and then your parents’ house, you start adding that all up … you don’t have an answer for that. And it’s a real problem.”
McGregor has been absent from the Octagon for greater than three years, main some to take a position that his present monetary woes might push him into making a return, assuming the UFC is comfy absorbing all of the detrimental press that comes with reserving somebody who was lately discovered answerable for sexual assault.
