Conor McGregor maintains a lavish lifestyle — and he’s not shy about flaunting it.
Spanish villas and expensive super yachts didn’t seem like much of a stretch for one of the richest fighters in the history of combat sports, who did a remarkable job of monetizing his personal brand (with a little help from his friends).
Unfortunately, said brand has been tarnished over the years, following a series of arrests, public meltdowns, and barroom beatdowns. The straw that broke the camel’s back, financially speaking, may have been his sexual assault civil suit.
The verdict prompted Proper 12 to cut ties with “Notorious” late last month, bringing an end to “by far his biggest income.”
That’s according to former UFC heavyweight Brendan Schaub.
“For him to lose [Proper 12], you’re talking about millions of dollars per month, gone. There’s no payout,” Schaub said 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.”
Proper 12 was not the only partner to cut ties with the embattled UFC star.
“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,” Schaub said. “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.”
It’s also worth noting that McGregor has not competed in over three years, likely because of his comfortable lifestyle (according to his promoter). But if there is any merit to Schaub’s analysis, we may see “Notorious” back inside the Octagon sooner, rather than later.
It may be the only way to recoup these losses.