UFC Star Conor McGregor Ordered to Disclose His Earnings From $600 Million Sale of Proper No. 12

Conor McGregor and Artem LobovConor McGregor has roughly 90 days to disclose how much he made from the sale of his popular brand…

Conor McGregor and Artem Lobov

Conor McGregor has roughly 90 days to disclose how much he made from the sale of his popular brand of Irish whiskey as part of a High Court action by former friend and UFC fighter Artem Lobov.

In an order made by John Glennon, deputy master of the High Court, McGregor must deliver documentation detailing his portion of the reported $600 million that Proximo Spirits paid the Irishman and two other shareholders to acquire Proper No. 12 in 2021.

The order for discovery is part of an action aimed at enforcing what Lobov’s lawyers allege was an agreement between the ex-sparring partners that guaranteed their client would receive 5% of the proceeds from the sale.

Lobov claims he was the co-founder of the concept to develop a whiskey brand with McGregor and was later “muscled out” of the company. According to Lobov, McGregor had offered him $1 million for his involvement, but Lobov refused. He said the 5% agreement was made orally between the two men at a gym in Dublin around September 2017. “Remember 5% is yours, no matter what,” McGregor allegedly told Lobov during the interaction.

The 5% that Lobov claims he was guaranteed would equate to $30 million. McGregor denies any such conversation took place.

McGregor’s lawyers opposed the application, arguing the documents sought were commercially sensitive. Despite that, the deputy master ordered the discovery of documents relating to McGregor’s share in the proceeds, as well as records relating to McGregor’s interest in the whiskey brand.

I am very happy with the decision and I now look forward to the case going to trial,” Lobov said in a statement.

Reports suggest that Conor McGregor earned upwards of $130 million when he and the other shareholders sold their stakes to the owners of Jose Cuervo tequila.

Conor McGregor takes dig at former friend Artem Lobov amid looming civil war in Russia

McGregorConor McGregor is once again calling out former friend Artem Lobov, claiming the ex-UFC fighter is collecting benefits in Ireland while his home country is on the brink of a civil war. Lobov, who hails from Nizhny Novgorod, Russia, was at one time a close personal friend of Conor McGregor’s, but all of that changed […]

McGregor

Conor McGregor is once again calling out former friend Artem Lobov, claiming the ex-UFC fighter is collecting benefits in Ireland while his home country is on the brink of a civil war.

Lobov, who hails from Nizhny Novgorod, Russia, was at one time a close personal friend of Conor McGregor’s, but all of that changed last year when Lobov attempted to sue the Irishman. Lobov claimed that he was part of the brainchild that developed McGregor’s Proper No. 12 brand of whiskey and wanted his piece of the pie after it was sold to Proximo Spirits in 2021 for a staggering $600 million.

Of course, Conor McGregor did not take kindly to the lawsuit and unleashed a series of tweets calling Lobov a rat. That, in turn, resulted in ‘The Russian Hammer’ filing another suit, this time under the 2009 Defamation Act. In the end, both lawsuits were thrown out, and Lobov was left with nothing but the bill for McGregor’s legal expenses following his multiple failed injunctions. The Irishman is also free to take the occasional jab at his ex-friend when the mood strikes.

That’s exactly what happened when Conor McGregor called out Lobov on social media for taking up residence in Ireland and, according to McGregor, collecting benefits while his home country is engulfed in turmoil with a potential civil war looming.

Civil war in Russia and Artem lobov still in Ireland on benefits,” McGregor tweeted.

Appearing on season 22 of The Ultimate Fighter, Artem Lobov competed under the UFC banner between 2015 and 2018. During that run, he went 2-5, losing three-straight en route to being released by the promotion. He has since transitioned into the world of bare-knuckle boxing under the BKFC banner, but ‘The Russian Hammer’ has not fared much better in his newer setting. Overall, Lobov is 14-15-1 in his career, which has spanned more than a decade.

The Turmoil in Russia Continues

In February 2022, Russia invaded and occupied parts of Ukraine in a major escalation of the Russo-Ukrainian War, which had begun in 2014. Since then, tens of thousands of soldiers and civilians have lost their lives, while another eight million Ukrainians were left displaced by the invasion.

As reported by CNN, Yevgeny Prigozhin, the chief of the private paramilitary group Wagner, led an insurrection that took over military facilities in the southern Russian city of Rostov-on-Don and Voronezh. The latest turn of events reportedly began when Prigozhin accused Russia’s military of attacking a Wagner camp and slaying a “huge amount” of Prigozhin’s men.

There are 25,000 of us, and we are going to find out why there is such chaos in the country,” Prigozhin said.

The embattled President of Russia, Vladimir Putin, promised swift and severe punishment for those involved in the armed rebellion.

“Those who carry deliberately on a path of treason, preparing an armed rebellion when you were preparing terrorist attacks, will be punished,” Putin said.

“Any internal turmoil is a deadly threat to our statehood for us as a nation; it is a blow to Russia for our people and our actions to protect our homeland. Such a threat will face a severe response.”

Conor McGregor celebrates Paradigm Sports’ $5.1 million lawsuit win over Manny Pacquiao, threatens Artem Lobov

Conor McGregorConor McGregor is celebrating Paradigm Sports’ legal victory over boxing legend Manny Pacquiao the only way he knows how; by tweeting and deleting. On Wednesday, Paradigm Sports, who represents some of the biggest names in combat sports including, Conor McGregor, was awarded a $5.1 million settlement after a ruling that their former client, Manny Pacquiao, […]

Conor McGregor

Conor McGregor is celebrating Paradigm Sports’ legal victory over boxing legend Manny Pacquiao the only way he knows how; by tweeting and deleting.

On Wednesday, Paradigm Sports, who represents some of the biggest names in combat sports including, Conor McGregor, was awarded a $5.1 million settlement after a ruling that their former client, Manny Pacquiao, was in breach of contact after negotiations for a bout with Mikey Garcia fell through. Paradigm reportedly fronted Pacquiao $3.3 million for the bout which never materialized. Paradigm was awarded that plus an additional $1.8 million in damages. With lawyer fees and interest, Pacquiao will be forced to pay $8 million in total.

Conor McGregor reveled in Paradigm’s win in a since-deleted tweet, sharing thoughts on his agency’s big day before turning his attention toward former friend Artem Lobov.

‘Manny owes 8 in all. 5.1 he owes and then 2.1 in legal costs,” McGregor tweeted. “Legal fees are heavy but that’s what we do. Heavy weight operations. Rartem, you already owe me two rounds of court fees, awarded by the judge. There will be a judgement put on your home as this progresses because I know you won’t have my legal fees. I will have no choice but to take your home. You are a mad thing lol. Silly c*nt.”

Last year, ex-UFC fighter Artem Lobov sued former friend Conor McGregor, claiming that he played a pivotal role in the inception of the Irishman’s popular brand of whiskey, Proper No. 12. Lobov sued for unpaid profits after McGregor sold the brand to Proximo Spirits in 2021 for a reported $600 million. The case was eventually thrown out with Lobov ordered to pay McGregor’s legal fees.

Following Paradigm’s win over Manny Pacquiao in court, the sports agency’s CEO issued a statement, saying:

“We are elated to learn of the jury’s ruling in Paradigm’s favor in our suit against Manny Pacquiao,’ Paradigm CEO Audie Attar said. “The jury plainly found that Pacquiao testified falsely in denying Paradigm’s claims against him, and his excuses for his conduct proves our case that a breach of contract was committed.

“We are appreciative of the court’s time and the jury’s careful attention to the facts of this case. Hopefully, Manny will have learned a lesson from the verdict and will henceforth act with the honesty and integrity that was so lacking in his treatment of Paradigm.”

Artem Lobov ordered to pay Conor McGregor’s legal fees due to failed defamation suit

Artem Lobov, Conor McGregorFormer UFC fighter Artem Lobov must pay legal fees after a failed attempt in forcing Conor McGregor to delete Twitter posts aimed at him.  Lobov originally sued his former sparring partner for 5 percent of a $600 million deal that centered around McGregor’s Proper Twelve whiskey brand. The 36-year-old claims that he influenced McGregor into […]

Artem Lobov, Conor McGregor

Former UFC fighter Artem Lobov must pay legal fees after a failed attempt in forcing Conor McGregor to delete Twitter posts aimed at him. 

Lobov originally sued his former sparring partner for 5 percent of a $600 million deal that centered around McGregor’s Proper Twelve whiskey brand. The 36-year-old claims that he influenced McGregor into creating the brand. 

Artem Lobov Claims That He Was Being Harassed By Conor McGregor on Social Media

McGregor responded to Lobov’s claims on Twitter, where he sent out multiple tweets calling his former friend a “rat”. In an audio message, the Irish star challenged Lobov to a fight to settle their beef. In December, Lobov filed a defamation suit with the goal of forcing McGregor to stop his tweets claiming that the social media posts were harassment, intimidation, and defamation methods. A higher court rejected Lobov’s case. 

According to the Irish Times, Justice Garrett Simmons rejected Lobov’s request to wait until the entire defamation case is over to decide who would pay the court fees. Justice Simmons believed forcing McGregor to stop tweeting could potentially violate his freedom of expression. The judge did mention that he was prepared to initiate a “stay on the cost order” following the final decision on the case.

Lobov and McGregor were once close friends. They trained together throughout their respective MMA careers. McGregor even coached Lobov on The Ultimate Fighter 22. In early 2018, McGregor was arrested for throwing a steel dolly through a bus window while targeting Khabib Nurmagomedov. It was in retaliation for an altercation between Nurmagomedov and Lobov during UFC 223 fight week.

Now, the two former training partners are embroiled in a multi-million dollar case.

Artem Lobov Ordered To Pay Legal Fees For Failed Injunction Against Conor McGregor

Artem Lobov won’t have to pay legal fees for his failed Twitter injunction against Conor McGregor until the conclusion of his defamation case. A Twitter injunction by Lobov and his legal team against McGregor failed in High Court just weeks ago. …

Artem Lobov won’t have to pay legal fees for his failed Twitter injunction against Conor McGregor until the conclusion of his defamation case. A Twitter injunction by Lobov and his legal team against McGregor failed in High Court just weeks ago. Lobov’s representation was attempting to get McGregor to take down various social media posts…

Continue Reading Artem Lobov Ordered To Pay Legal Fees For Failed Injunction Against Conor McGregor at MMA News.

Conor McGregor reacts to ‘Old friend’ Artem Lobov’s failed defamatory case against him: ‘Woulda done anything for you’

Conor McGregorFormer two-weight UFC champion, Conor McGregor has hit out at former teammate and friend, Artem Lobov, claiming he would have previously done anything for the Russian-born fighter, amid their ongoing feud over financial compensation regarding McGregor’s Irish whiskey brand, Proper Number Twelve.  McGregor, a former undisputed lightweight and featherweight champion under the banner of the […]

Conor McGregor

Former two-weight UFC champion, Conor McGregor has hit out at former teammate and friend, Artem Lobov, claiming he would have previously done anything for the Russian-born fighter, amid their ongoing feud over financial compensation regarding McGregor’s Irish whiskey brand, Proper Number Twelve. 

McGregor, a former undisputed lightweight and featherweight champion under the banner of the UFC, has been embroiled in a legal dispute with former Straight Blast Gym teammate, Lobov, after the latter opened legal proceedings against the Crumlin native in relation to the creation and conception of Proper Number Twelve – which Lobov is claiming he came up with. 

Artem Lobov opened proceedings on a defamatory case against Conor McGregor

Taking out a separate defamation case against the 34-year-old Dubliner, Lobov has seen his attempt to take a court ordered injunction against Conor McGregor denied, after he took umbrage with derogatory comments made by the former on Twitter – including the use of the word “rat” when referring to Lobov, as well as superimposing his face onto sausages. 

Reacting to news of Lobov’s failed attempt at securing a court-ordered injunction, McGregor insisted his former friend owed him financial compensation for two appearances in court, as well as claiming, in the past, he would have done anything for Lobov.

“Well there ya go Stuart Little,” Conor McGregor tweeted referring to Artem Lobov. “You now owe me two major court appearance fees. Stop this nonsense. You are making a holy show of yourself. Peel it back day by day, if you can even. That’s coming from the “old friend, woudla (sic) done anything for you” in me mate. God bless (praying hands emoji).” 

Sidelined since July of last year, McGregor headlined UFC 264 against three-time opponent, Dustin Poirier, fracturing his left tibia and fibula en route to a first round doctor’s stoppage TKO loss. The UFC superstar is expected to make his professional return next summer.