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Proper No 12

All articles tagged with #proper no 12

business1 month ago•2 min saved

McGregor and Lobov settle over Proper No. 12 profits

Conor McGregor and Artem Lobov have reached a settlement in a lawsuit over Lobov’s claimed 5% share of the profits from the sale of Proper No. 12. Lobov had argued there was a verbal agreement to reward his help in launching the whiskey; McGregor denied such an agreement. Proper No. 12 was sold to Proximo Spirits for $600 million in 2021, with McGregor reportedly earning over $100 million from the deal. The terms of the settlement were not disclosed, and the case was slated to go to trial before the agreement was reached. McGregor is reportedly focused on a UFC comeback, with July’s UFC 329 in Las Vegas anticipated as a headlining event.

via MMA Fighting|

#artem-lobov #business #conor-mcgregor

sports1 year ago•2 min saved

Conor McGregor Faces Financial Strain Amid Court-Ordered Legal Payments

Conor McGregor has been ordered to pay over €1 million in court costs and damages after being found liable in a civil case for sexually assaulting a woman in 2018. The judge warned McGregor about potential contempt charges due to his social media outbursts against the verdict. McGregor plans to appeal the decision, while his business relationships, including with Proper No. 12 whiskey, have been affected by the trial's outcome.

via MMA Fighting|

#conor-mcgregor #court-case #legal-costs

sports1 year ago•1 min saved

Conor McGregor Faces Backlash and Legal Battle After Civil Verdict

Conor McGregor has been dropped as the face of Proper No. 12 Irish Whiskey and by video game developer IO Interactive following a civil court ruling that found him liable for sexual assault. McGregor, who sold his stake in Proper No. 12 in 2021, will no longer be used in the brand's marketing. The court ordered him to pay 248,000 euros to the complainant, and McGregor plans to appeal. Retailers in Ireland are also pulling McGregor-related products from shelves. McGregor has not fought in the UFC since 2021, and the organization has not commented on the case.

via ESPN|

#conor-mcgregor #endorsement-loss #proper-no-12

business1 year ago•2 min saved

Conor McGregor Faces Backlash and Business Fallout After Verdict

Conor McGregor has been dropped by Proper No. 12 Irish Whiskey, a brand he co-founded, following a court ruling that found him liable for sexual assault. Proximo Spirits, the brand's owner, announced it will no longer use McGregor's name or likeness in marketing. This decision follows McGregor's sale of his majority stake in the company for $600 million in 2021. Other brands, including Musgrave and IO Interactive, are also distancing themselves from McGregor in light of the ruling. McGregor has expressed regret for his actions but maintains his innocence and plans to appeal.

via New York Post |

#brand-removal #business #conor-mcgregor