Posts
69108
Joined
8/16/2006
Location
Redding, CA
US
Edited Date/Time
4/4/2019 10:21am
In a tweet last night he says he is retiring from MMA.
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@TheNotoriousMMA
Hey guys quick announcement, I’ve decided to retire from the sport formally known as “Mixed Martial Art” today.
I wish all my old colleagues well going forward in competition.
I now join my former partners on this venture, already in retirement.
Proper Pina Coladas on me fellas!
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I call bullshit.
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@TheNotoriousMMA
Hey guys quick announcement, I’ve decided to retire from the sport formally known as “Mixed Martial Art” today.
I wish all my old colleagues well going forward in competition.
I now join my former partners on this venture, already in retirement.
Proper Pina Coladas on me fellas!
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I call bullshit.
The Shop
The rumors surrounding the guy are pretty gnarly. Supposedly way worse than what makes it to public domain. Guys in the media behind the scenes hear some crazy shit. But nothing factual (yet) nor do any of the media wanna hurt Conor. He’s generally well liked and always been good with media so the journalists arent with a axe to grind.
Everyone would much rather just see him get his life back together and chase greatness some more. He’s a very special athlete that clearly (imo) has lost his way a bit.
The more he talks shit the worse the beating he gets. Diaz was right. "You were fighting midgets before"
But I gotta think Dana knows Conor is negotiating.
If it was a REAL retirement announcement, Conor would have a formal event made out of it like GSP did. Why? Because it maximizes his marketing potential for his other endeavors.
And I also dont buy for a second that the owners of the UFC arent worried about the lost revenue here. There is easily a billion dollars of gross revenue left in the Conor tank. They aint getting off that train yet. No way.
Pretty weird. Broad looks like his GF, kid looks like Conor.
https://www.instagram.com/p/Bvew8PZhIlE/?utm_source=ig_share_sheet&igsh…
Pit Row
He's already worth/made about $500m in his career, and could top a billion if he keeps fighting.
I think the issue is the new UFC deal with ESPN. The way PPV is distributed now, you MUST buy it thru the ESPN+ app. Which means you must have a ESPN+ subscription. No more buying the fight thru your cable provider or the UFC's app.
This has been lucrative for UFC while it will hurt PPV sales and affect fighters income like Conor. He obviously wants his deal re-structured so he gets more money up front until the UFC & ESPN can prove that the single distribution point model hasnt lowered PPV buys.
This is all just a negotiation. There's no way he's looking to actually retire. And the UFC needs him. If he's got another $500m to be made for himself, that means the UFC would make 3x that from him. And his other business endeavors depend on his fighting as it's his primary marketing device.
That's still plenty of coin. No need to get your head kicked anymore.
He’s not an American citizen. Not that Ireland’s taxes are any better. He would pay up the ass if he was indeed paying Irish taxes, which I suspect he isnt.
He can afford any number of ways to hide his wealth. From buying citizenship in Monaco to simply using offshore accounts & shell companies. It’s the norm in his stratosphere.
He’s made around $500m during his career. I bet he still has at least half. But who really knows. His spending habits are legendary. And his investments are money pits (alcohol & clothing line).
The alcohol brand should turn a hefty profit when he sells his stake tho. Clooney’s tequila sold for a billion right?
Let’s say Conor has $250m in the bank still. But another $500m of potential earning from fighting & another $500m he could earn from the sale of his whiskey brand (if he keeps promoting it via fighting). That’s a billion left on the table.
He’s not gonna pass that up. It’s right there for the easy taking.
https://taxfoundation.org/how-countries-define-their-income-tax-borders…
https://finance.uw.edu/globalsupport/tax-responsibilities-foreign-natio…
https://www.irs.gov/individuals/international-taxpayers/aliens-employed…
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