Conor McGregor’s Irish firm plunged into the red as new figures show £317k accumulated losses at McGregor Sports and Entertainment Ltd

CONOR McGregor’s main Irish firm plunged into the red last year, it's been revealed.

New figures show that McGregor Sports and Entertainment Ltd had accumulated losses of £317,055 at the end of December last compared to accumulated profits of £103,878 12 months previous – a negative swing of £420,933 over 2017.

 Figures show McGregor's main Irish firm had accumulated losses of £317,055 at the end of December

AP:Associated Press
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Figures show McGregor's main Irish firm had accumulated losses of £317,055 at the end of December

However, the accumulated losses are unlikely to trouble the Crumlin man as his reported net worth is around £76m.

Last summer, the 30-year old swapped the Octagon for the boxing ring for the mega-fight with Floyd Mayweather that generated £42.2m in ticket sales alone.

Around 5.5 million pay per view purchases were sold in the US and the UK for the fight.

Forbes estimate that McGregor has had earnings of £75.2m over the past year including £64.5m from the Mayweather fight.

Conor McGregor blames Khabib Nurmagomedov for bus attack before toasting Dana White with his own whiskey

 McGregor's net worth is estimated to be around £76m

Getty – Contributor
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McGregor's net worth is estimated to be around £76m

The Dubliner is due another big pay day with the upcoming fight against the reigning, defending, undefeated UFC Lightweight champion Khabib Nurmagomedov in Law Vegas at the end of next week.

McGregor recently used his McGregor Sports and Entertainment Ltd company in his bid to secure a trademark for his planned 'Notorious' whiskey.

However, the company last month withdrew the trademark application as a Carlow brewer already has the trademark resulting in McGregor to change names.

He last week launched his ‘Proper No 12’ whiskey.

 McGregor will be back in the Octagon next month

Getty – Contributor
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McGregor will be back in the Octagon next month

McGregor Sports and Entertainment Ltd was only established in July 2014 to exploit the former plumber’s earning potential.

The new accounts – approved by the company's directors on Monday of this week – show that the case pile at McGregor’s firm last year decreased marginally going from £298,508 to £289,998.

McGregor is listed as the sole shareholder in McGregor Sports and Entertainment Ltd.

Conor McGregor and Khabib Nurmagomedov face off after their first press conference together ahead of UFC 229

 McGregor's partner Dee is a director of the company

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McGregor's partner Dee is a director of the company

McGregor’s long term partner, Dee Devlin is a director of the company along with long time friend of McGregor, Alan Geraghty.

Numbers employed by the firm last year increased from three to six with three engaged in sales and promotion and three in administration.

Staff costs last year increased from £157,123 to £169,350.

 The fighter previously told of how he hired Dee to the business

AFP or licensors
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The fighter previously told of how he hired Dee to the business

The amount paid out to directors by McGregor Sports and Entertainment Ltd last year reduced from £80,668 to £73,206.

On Ms Devlin’s role in his career, McGregor has said previously: “She does not work anymore, I hired her to the business. She works for me now and collects the cheques.

“Everyday since I started in this game, she’s supported me. If it wasn’t for her, I probably wouldn’t be where I am today.”

CONOR McGregor’s main Irish firm plunged into the red last year, it's been revealed.