Conor McGregor Sees an Exponential Increase in Loans as Debt Spikes From $10.6 Million to $41.3 Million – What’s the Reason?

Conor McGregor is one of the biggest names in the fighting business. Probably the biggest if one considers the business side of the game. ‘The Notorious’ generates numbers like no other fighter. Moreover, he’s transcended his popularity in the fight game to his own personal ventures. 

The ‘Notorious’ has over the years become a part of several business ventures. Meanwhile, the most prominent one is his whiskey, Proper Twelve. Nonetheless, the Irishman also has dipped his feet in a clothing line, fitness, and, most recently, he’s building chains of his famous Irish pub, Black Forge inn.

However, while running several businesses might sound lucrative, it also requires a lot of financing. That’s the reason why the loans provided to McGregor’s promotion company to promote the fighter have increased exponentially.

Conor McGregor received a loan of almost $41.3 million 

McGregor’s main promotion company has been provided with  $41.3m in ‘fire-power’ to expand the star’s brand across the globe. Compared to the previous years, the amount has grown by $32.7 million. From $10.2 million to $43.09 million at the year’s end. The amount helped the company increase the cash funds from $11.4 million to $16.33 million.

The company would also use the additional funds in expanding McGregor’s famous pub, Black Forge Inn. A spokesman from the Pub said that ‘Mystic Mac’ wants the Pub to be “to be the most well-known iconic Irish pub in the world.” He further added, “An example of this was seen by our mega-successful Black Forge Inn pop-up in Abu Dhabi for the Formula One Grand Prix.”

ALSO READ: Aspiring Billionaire Conor McGregor Receives a Big Blow to His Business as He Loses His Application for Trademark and Intellectual Property Rights in EU

Meanwhile, he also added, “our notoriously generous owner, Conor McGregor, had spared no cost in bringing all the excellence Ireland has to offer to our amazing pub.”

Has Conor McGregor’s sports company suffered a loss in Europe?

The Irishman’s company, McGregor Sports and Entertainment Ltd application to register, has been banned from using McGregor’s own name as a trademark for the sale of clothing, footwear, and sportswear across the EU. The EU agency that raised objections is a Holland-based company, McGregor IP B.V.

The Dutch company makes apparel and accessories under the McGregor Brand. Moreover, they also design and sell these products as well. The Spanish-based EU Intellectual Property Office has rejected the Irishman’s trademark application after stating that there was a “likelihood of confusion”

What do you make of the whole situation? Let us know.

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