Conor McGregor maintains a lavish lifestyle — and he’s not shy about flaunting it.
Spanish villas and expensive super yachts didn’t appear to be a lot of a stretch for one of the richest fighters in the history of combat sports, who did a exceptional job of monetizing his personal brand (with a little help from his friends).
Sadly, stated model has been tarnished through the years, following a series of arrests, public meltdowns, and barroom beatdowns. The straw that broke the camel’s again, financially talking, might have been his sexual assault civil suit.
The verdict prompted Correct 12 to cut ties with “Notorious” late final month, bringing an finish to “by far his greatest earnings.”
That’s in accordance with former UFC heavyweight Brendan Schaub.
“For him to lose [Proper 12], you’re speaking about thousands and thousands of {dollars} per thirty days, gone. There’s no payout,” Schaub stated on his official podcast. “As a result of if you’re accused of what [McGregor] has been accused of, that goes utterly towards the contract and also you get no backup cash, they don’t pay you a severance charge. There’s none of that. So that you’re speaking probably, I don’t understand how a lot they pay him, possibly $5-10 million {dollars} a month.”
Correct 12 was not the only partner to chop ties with the embattled UFC star.
“While you’re banking on that [money] as Conor and also you’re spending the cash like he’s spending … when he was developing, $10 million modifications his life,” Schaub continued. “Let’s say he buys mansions, I guess he purchased a number of of them. He buys these automobiles. Now until he paid all money for these, these nonetheless have a fee each month. Likelihood is he didn’t pay all money. So his month-to-month nut, simply based mostly off what we see on-line, is a number of million {dollars} a month. Most of that was taken care of from the cash he was getting from Correct 12.”
“All these corporations leap off, so that you go from $10 million a month to zero,” Schaub stated. “However the authorities, along with your taxes, and your mortgage funds on a number of homes, and people yachts that you just leased or purchased, these automobiles that you just leased or have automotive funds on, or your youngsters’ personal college, or Dee’s month-to-month fee, no matter you pay her for procuring and no matter, or the housekeeper, after which your dad and mom’ home, you begin including that every one up … you do not have a solution for that. And it’s an actual drawback.”
It’s additionally value noting that McGregor has not competed in over three years, probably due to his snug way of life (according to his promoter). But when there may be any advantage to Schaub’s evaluation, we might even see “Infamous” again contained in the Octagon sooner, slightly than later.
It could be the one technique to recoup these losses.
