Sunday 19 November 2017

Here's how much Conor McGregor's firm made last year... and it's not what you'd expect

Conor McGregor
Conor McGregor

Gordon Deegan

Conor McGregor is boxing clever outside the ring with new accounts showing that the cash pile at his Irish-based promotions firm soared to more than €333,000 last year.

This summer, the Crumlin mixed martial arts UFC lightweight champion swapped the octagon for the boxing ring for the mega-fight with Floyd Mayweather that generated $55.4m (€47.2m) in ticket sales alone.

About 5.5 million pay-per-view purchases were sold in the US and the UK for the fight.

Now, new accounts for McGregor Sports and Entertainment Ltd offer a little clue to the exponential growth in wealth for the 29-year old.

McGregor Sports and Entertainment Ltd was only established in July 2014 to exploit the former plumber's earning potential.

The new accounts show that the cash pile at the company increased by almost €100,000 last year, going from €237,449 to €333,959.

WEALTH

At the end of last December, the company was sitting on accumulated profits of €116,215.

Accumulated profits at the company last year declined by €40,970 from €157,185 to €116,215.

The wealth of the company represents only a tiny fraction of McGregor's wealth - earlier this year, Forbes estimated that the UFC champion had projected annual earnings of $34 million (€29m) in the year to June.

McGregor - with a Lucan address in Dublin - is listed as the sole shareholder in McGregor Sports and Entertainment Ltd.

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

The two also act as directors for McGregor's investment firm, Congregor Investments, which was incorporated in April of last year and has yet to file accounts.

HIRED

The amount paid out to directors by McGregor Sports and Entertainment Ltd last year reduced from €90,249 to €82,716.

On Ms Devlin's role in his career, McGregor has said previously: "She does not work anymore, I hired her to the business. She works for me now and collects the cheques.

"Every day since I started in this game, she's supported me. If it wasn't for her, I probably wouldn't be where I am today."

Herald

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