Former UFC fighter claims Conor McGregor could lose $5-10 million per month after being dropped by Proper Twelve company due to legal troubles
Conor McGregor's troubles may only be beginning, believes Brendan Schaub, who recently commented on the Irishman's current legal issues. McGregor was found liable for sexual assault in a civil court in Ireland on Nov. 22, and has since been dropped by Proper No. Twelve Irish Whiskey, the company he founded in 2018.
In 2021, the majority share of the whiskey brand was sold to Proximo, who have parted ways with 'The Notorious' following his recent verdict in court.
According to Schaub, who competed in the UFC from 2009-2014, the Irishman may be in serious financial trouble before too long. 'Big Brown' broke down McGregor's situation during a recent YouTube video uploaded to Schaub's YouTube channel. He said:
"For him to lose [Proper No.12], you're talking about millions of dollars per month, gone. There's no payout... Because when you're accused of what [McGregor] has been accused of, that goes completely against the contract and you get no back-up money, they don't pay you a severance fee. There's none of that. You're talking possibly, I don't know how much they pay him, maybe $5-10 million dollars a month."
Schaub continued:
"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, right? Let's say he buys mansions, I bet he bought a few of them. He buys 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 he's monthly nut just based off what he see online is a few million dollars a month... Most of that was taken care of from the money he was getting from Proper Twelve."
Check out Brendan Schaub discuss Conor McGregor's situation below (1:55):
Eddie Hearn addresses Conor McGregor situation amid business relationship
Eddie Hearn and Conor McGregor began working together in 2023, with several of the Irishman's brands including his Forged Irish Stout being spotted at boxing events hosted by Hearn.
But following McGregor's verdict, the Matchroom Boxing chairman has addressed whether or not he will continue working with 'The Notorious'. He said:
"We gotta digest all the information which is coming out thick and fast... And we have a responsibility to look at all our partnerships. And we'll do that in the immediate future and decide as a business what we're gonna do."
Check out Eddie Hearn discuss Conor McGregor below (7:50):