Conor McGregor at the High Court in Dublin during his civil case in November 2024.RollingNews.ie
One of Conor McGregor’s beverage companies is being sued by suppliers over an alleged €240,000 debt, as the fighter’s foray into the business world appears to be floundering.
The mega-rich former MMA fighter, McGregor, may have amassed a personal fortune from his bouts in the Octagon, but it appears that his foray into the drinks industry has proved far less successful.
In fact, Extra.ie can reveal that McGregor’s network of alcohol-related enterprises has clocked up colossal losses amounting to more than €13.5 million.
One of his companies has reported losses of €5.66m for Forged Stout Distribution, while a second interrelated entity, Forged Stout Production Limited, has accumulated debts amounting to €5.2m.
A third McGregor-related firm, Forged Irish Stout, has reported losses of €828.39k, while his Crumlin-based boozer, The Black Forge Limited, is operating at a loss of €3.05 million. This brings the total losses for McGregor’s business ventures to a staggering €13.5 million.
In fact, only one of McGregor’s businesses is turning a profit, with McGregor Sports & Entertainment Ltd posting profits of €506.57k according to the most recent accounts.
McGregor’s business losses came under sharp scrutiny this week, when it was reported that his Dublin-based drinks company, Forged Stout Production, is being pursued in two separate High Court cases over alleged debts of more than €240,000.
A petition to wind up the company due to an alleged debt of approximately €36,000 was filed on Tuesday on behalf of Enterprise Tondelli, based in Parma, Italy.
It follows a separate debt claim seeking judgment for more than €204,000, which was filed last week by Minch Malt, an Irish malt provider based in Athy, Co Kildare, owned by Dutch-headquartered global malting company Boortmalt.
While the company lists its directors as Alan Geraghty, Millbank Business Park, Lucan, and Andrew Gelling, Hillcrest Park, Lucan, McGregor is the controlling party of the operation.
The entire share capital is both legally and beneficially owned by Forged Stout Limited, incorporated in 2022, with its registered office located at Millbank Business Park.
One small business, Enterprise Tondelli, a supplier of packaging equipment, canning, and bottling machinery, which is owed approximately €36,557 by Forged Irish Stout, claims it provided goods and services to FSP between February and April 2024.
It issued a formal demand for payment on September 8th last, and when that was not paid within 21 days, it issued its petition.
In its separate proceedings, Minch Malt claims about €207,000 is owed to it by FSP whom it alleges has failed, despite repeated demands, to pay sums due and owing within the past six years. It claims it is entitled to judgment for that sum.
*This article was originally published on Extra.ie.