{"id":296457,"date":"2023-11-28T11:24:42","date_gmt":"2023-11-28T11:24:42","guid":{"rendered":"https:\/\/sportstoft.com\/?p=296457"},"modified":"2023-11-28T11:24:42","modified_gmt":"2023-11-28T11:24:42","slug":"conor-mcgregors-dublin-pub-lost-almost-400000-last-year","status":"publish","type":"post","link":"https:\/\/sportstoft.com\/mma\/conor-mcgregors-dublin-pub-lost-almost-400000-last-year\/","title":{"rendered":"Conor McGregor&apos;s Dublin pub lost almost \u00a3400,000 last year"},"content":{"rendered":"<h1>Conor McGregor&#8217;s Dublin pub lost almost \u00a3400,000 last year and venue has racked up almost \u00a32million worth of losses in three years since it was bought by the UFC star<\/h1>\n<ul>\n<li><strong>Conor McGregor bought the Black Forge Inn back in 2020\u00a0<\/strong><\/li>\n<li><strong>The pub lost over \u00a31.7million to the end of last year, according to accounts\u00a0<\/strong><\/li>\n<li><strong>Tyson Fury MUST care about legacy with Oleksandr Usyk next year &#8211; The Hook\u00a0<\/strong><\/li>\n<\/ul>\n<p>Conor McGregor&#8217;s pub in Dublin has lost almost \u00a32million since the UFC star invested in the venue three years ago.<\/p>\n<p>The Black Forge Inn reported losses of \u20ac432,000 (\u00a3374,000) last year, according to accounts filed by its owner Jemi Ventures.<\/p>\n<p>In 2021, the pub posted losses of \u00a3980,000 with business restricted because of the coronavirus pandemic. Its cumulative losses to the end of last year, meanwhile, stand at over \u00a31.73m.<\/p>\n<p>McGregor purchased the watering hole, which is located in Crumlin, the Dublin&#8217;s Southside suburb he grew up in, back in 2020 for over \u00a31.5m.<\/p>\n<p>According to the accounts, Jemi Ventures values the Black Forge Inn and its assets at a net book value of \u00a33.8m at the end of last year.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/28\/10\/78316641-0-image-a-39_1701166055975.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Conor McGregor&#8217;s pub in Dublin has lost almost \u00a32million since he bought in 2020<\/p>\n<p>The amount owed on a loan provided to the business, meanwhile, declined from \u00a34.6m to \u00a33.5m at the end of 2022.<\/p>\n<p>Despite the losses racked up by the Black Forge Inn, McGregor has expanded his drinks portfolio since investing in the pub.<\/p>\n<p>The 35-year-old founded the Proper No 12 Irish Whiskey brand and made around \u00a3110m as he sold a majority stake in the business to\u00a0Proximo Spirits\u00a0 in a deal worth \u00a3478m.<\/p>\n<p>The owner of Bushmills whiskey, Kraken Rum and Jose Cuervo Tequila, Proximo Spirits already held a 49 percent stake in Proper No. 12 Irish Whiskey.\u00a0<\/p>\n<p>And in April the Irish Independent reported McGregor purchased the Porterhouse Brewery in Dublin, where one of his companies brews his Forged Irish Stout.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/28\/10\/78316661-0-image-a-53_1701166129970.jpg\" height=\"466\" width=\"634\"><\/p>\n<p>The UFC star invested in the pub in 2020 as part of his growing drinks portfolio\u00a0\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/28\/10\/78316483-0-image-a-37_1701165940107.jpg\" height=\"387\" width=\"634\"><\/p>\n<p>McGregor purchased the pub back in 2020, but it&#8217;s posted losses of over \u00a31.7m<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/28\/10\/78316485-0-image-a-38_1701165946234.jpg\" height=\"373\" width=\"634\"><\/p>\n<p>The pub is located in Crumlin, the suburb on Dublin&#8217;s Southside McGregor grew up in<\/p>\n<p>The brand was first brewed in 2020 and had only been available at the Black Forge Inn until this year, when it was launched in the UK.<\/p>\n<p>Launched in 1989, the Porterhouse Brewing Company moved into its current site at Glasnevin, Dublin 11, five years ago.<\/p>\n<p>McGregor has also built up an impressive property portfolio, with 200 apartments set to be built in Dublin on one of the sites he owns.<\/p>\n<p>The former two-division UFC champion\u00a0<span>has not fought since his <\/span>first-round defeat by Dustin Poirier<span>\u00a0at UFC 264 back in 2021 &#8211; when he suffered a brutal leg injury.<\/span><\/p>\n<p><span>The Irishman, however, claims he will make a return to the cage in April following a three-year hiatus as he insists he is in for UFC 300.\u00a0<\/span><\/p>\n<p>Speaking on The MMA Hour\u00a0this month his long-term coach John Kavanagh said: &#8216;We were hoping for April. That was the hope. That was what we were told. And now it seems to be the summertime.<\/p>\n<p>&#8216;I don&#8217;t know [why]. That&#8217;s literally what we were having a bit of a back and forward [about] today.&#8217;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/28\/09\/77846771-0-image-a-34_1701165011609.jpg\" height=\"187\" width=\"634\"><\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/mma\/article-12799419\/Conor-McGregors-Dublin-pub-lost-400-000-year-venue-racked-2million-worth-losses-three-years-bought-UFC-star.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Conor McGregor&#8217;s Dublin pub lost almost \u00a3400,000 last year and venue has racked up almost \u00a32million worth of losses in three years since it was <a class=\"mh-excerpt-more\" href=\"https:\/\/sportstoft.com\/mma\/conor-mcgregors-dublin-pub-lost-almost-400000-last-year\/\" title=\"Conor McGregor&amp;apos;s Dublin pub lost almost \u00a3400,000 last year\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":296456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-296457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mma"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - 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