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 th e 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.
at one point he was supposed to be a billionaire
The proper 12 side money shouldn’t matter that much
You can’t lose money you never had. He’ll be just fine.
He was definitely over $500MM from Proper 12, so he could lose 5 a year for 100 years and still have money.
I’m pretty sure he sold his stake in proper 12 for a shitlaoad years ago
Holyfield and Tyson were able to go through obscene amounts of money. No doubt McGregor is very rich but he needs to keep it that way as he has just lost his earning capability.
I honestly don’t need Brandon Swab suggesting anything.
Conor sold his shares and was just a shill for them, wasn’t he? No way he was getting 5 to 10 million a month being a spokesperson. I doubt Proper 12 even makes 5 to 10 million a month.
The problem is often not the spending of the athlete but that of his “hangers on” or “posse” or even more often the person handling his money. I have a family member (not immediate) who was an All Pro linebacker in the NFL. They did not make the astronomical amounts that today’s players make but he was very, very well compensated. He put one of his college frat brothers who was a financial advisor in charge of his investments and went completely bankrupt in the 2008 stock market fiasco. Lost everything, and of course his trophy wife left and took him for what he had left. He is now working as a manager at a Rural King store. Money is hard to acquire but very easy to lose.
Those are cool stores!
Yes they are. I love to walk around them and always seem to come home with something I bought that I really did not need. 
I’m guilty of that as well. Hey babe wanna buy 1 of these chicks for the hell of it? No? Ok, but the beef jerky is on sale and so is that shirt, grab those ratchet straps too.
I am sure Schaub is an expert in losing money.
It’s also not just the immediate spending but also the upkeep. Maintenance, insurance, employees etc.
Who the fuck wants to hear an ansolute retard blindly speculate about another man’s financial issues he has no direct knowledge of? Fuck, I am way too irritable not smoking weed. Lol
Nooooo , Tis Teh Season
Exactly … I do the same “I might need that someday” shopping when I am there. Same thing at Menard’s, Home Depot or Lowe’s. I have tools that I will probably never use more than once or twice if at all … but still keep doing that kind of thing.
I thought it was Charles Schwab speaking out on it being a financial issue lol
At some point this type of bs will catch up to him and he’ll go to prison. He;s had several rape accusations in several countries sooner or later he won’t be able to get out of it.