Conor McGregor invested approximately $2 million in acquiring The Black Forge Inn, a Dublin bar, but recent financial disclosures reveal the establishment is facing challenges, as reported in a new update.
Records filed by Jemi Ventures, the overseeing company for McGregor's pub, show losses of 432,000 Euros in the last year, equivalent to over $600,000 USD. In 2021, The Black Forge Inn suffered losses of 1.13 million Euros, around $1.8 million, during its opening year, impacted by the global pandemic.
Cumulatively, McGregor's pub has incurred over $2 million in losses since its inception, according to financial figures from The Independent in Ireland. Despite these losses, Jemi Ventures assessed the net book value of Black Forge Inn and its assets at €4.4 million ($6.1 million) by the end of 2022. The loan owed by the business also decreased from €5.3 million to €4.1 million at the close of the last year.
While The Black Forge Inn faces financial challenges, McGregor is expanding his business ventures, such as acquiring the Porterhouse Brewery in Dublin, which now produces his Forged Irish Stout beer. McGregor's business portfolio also includes the successful launch of Proper No. 12 whiskey, which sold for a reported $600 million, contributing to his status as the highest-paid athlete in 2021 according to Forbes.
Welcome to my pub, The Black Forge Inn ☘️ @blackforgeinn pic.twitter.com/wCmQ8LdsZ8
— Conor McGregor (@TheNotoriousMMA) July 18, 2021
Apart from his business ventures, McGregor is eyeing a return to the fight arena in early 2024 against Michael Chandler, promising to further boost his bank account. Despite the losses in the pub business, McGregor's broader business empire, including real estate ventures, remains robust and continues to grow.