Conor McGregor contemplates bid to buy Chelsea FC

Chelsea Football club will likely be one of the unexpected casualties of the Russian war with Ukraine. Chelsea has been in the ownership of Roman Abramovich since 2004. He had transformed the club with his investment.

According to skysport report Chelsea still oves Abramovich £1.5 billion after buying the club in a £140 million deal in 2003 – however he is unlikely to ask that any of the loans be repaid.

Abramovich is crushed by what’s happening because the ownership was never about the money.

“This has never been about business nor money for me, but about pure passion for the game and club,” Abramovich said.

Conor McGregor was the richest paid athlete in 2021 – however this was mostly due to the lucrative sale of his brand Proper 12. He remains on board as an ambassador. McGregor floated the idea of buying Chelsea FC in a text exchange (likely with business partner/manager Audie Attar).

Conor McGregor’s net worth is reported to be in the $200 million range – a far cry from the proposed $3 billion. However this estimate is based on some data that might be flawed.

For starters, McGregor reportedly netted between $100 and $130 million for his boxing debut against Floyd Mayweather in 2017. In addition to this lump sum – McGregor also nets between $15 and $25 million for each of his UFC fights. His base pay is roughly $5 million while the bulk of his profits comes from the share of the PPV sales.

McGregor is likely to have netted that much money for at least 6 of his last fights.

By far the biggest contribution to his wealth comes from the sale of Proper 12 whisky. The sale of the brand boosted McGregor’s budget by an estimated $150 million last year. McGregor stays on as a brand ambassador. But contrary to this estimate McGregor claims that the sale was worth in the $700 million range.

“It’s upwards of $700m that deal is worth over the coming years and I haven’t celebrated with a glass yet because I was in camp so I stayed focused, ” he said before his trilogy fight with Dustin Poirier last summer.

Another factor in the sale is the aforementioned manager Audie Attar. Attar is McGregor’s agent and the Proper 12 cofounder along with Ken Austin. The majority stake in Proper No. Twelve was acquired for $600 million by Proximo Spirits – a brand that owns Jose Cuervo and other similar brands. It’s unclear how much money McGregor’s partners made in the deal.

When all is said and done, it’s hard to judge if McGregor’s claims are veritable. The professionals in the industry are adamant his actual net worth is closer to $180 million – a far cry from the estimated value of Chelsea FC.