News Get In! Get Rich! Get Out! (Conor sells off Proper 12! Doubles Net Worth!) - Updated

Smart Move or Goin Broke?

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Conor is not going broke it's common for people to sell their business. George Clooney sold his tequila for 1 billion 4 years after he co-founded the company.
 
FIghtxIQ said:
The reality is you don't know the official terms to their deal. You are reading the same sources we are, so unless you have actual information that is not posted on these posts you are assuming the details. I am going by the information that is posted. If you have more sources feel free to post them.

Like I said we'll find out soon enough, when has Conor ever been quiet about his successful business deals? The answer is never.
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You’ve been all over this thread saying conor was forced out and that it’s like losing a belt. Based on nothing reported. Yet you say you’re going off reports? what are you talking about? what part in my statements is not from what is available? becle exercised their option to purchase the remaining shares. you've been incorrectly stating conor was a forced seller. he entered into an option. this is what success looks like when you enter into an option. The quicker you hit your option price the better. If the option isn’t exercised it means the holder of the option doesn’t value the company at that price.
 
Goin Broke? Lol Conor is not dumb. He lives large but he's not going back to that life.
 
Blayt7hh said:
Doesn’t make sense to me though. Why would they buy him out like that? Their association with him was the only thing that brought value to the whiskey. Everything I’ve read said it’s just bottom shelf whiskey sold at a premium price
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they can still promote it with him
 
kflo said:
You’ve been all over this thread saying conor was forced out and that it’s like losing a belt. Based on nothing reported. Yet you say you’re going off reports? what are you talking about? what part in my statements is not from what is available? becle exercised their option to purchase the remaining shares. you've been incorrectly stating conor was a forced seller. he entered into an option. this is what success looks like when you enter into an option. The quicker you hit your option price the better. If the option isn’t exercised it means the holder of the option doesn’t value the company at that price.
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Aside from wanting the financial details (that we will never get lol), the other question I have is when the options originated...i.e. did Becle secure these options from the start, as part of its initial investment, or were options sold to them later.

It may not matter in the end, but it could shed some light into how lucrative the options were for both sides, initial or current leverage by either side, how foreseen this ownership change would have been, etc. I doubt we will get much info though?

Either way, Conor is going to emerge with a healthy return on his investment and time in the company, so good for him...
 
MRT said:
Aside from wanting the financial details (that we will never get lol), the other question I have is when the options originated...i.e. did Becle secure these options from the start, as part of its initial investment, or were options sold to them later.

It may not matter in the end, but it could shed some light into how lucrative the options were for both sides, initial or current leverage by either side, how foreseen this ownership change would have been, etc. I doubt we will get much info though?

Either way, Conor is going to emerge with a healthy return on his investment and time in the company, so good for him...
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it's highly likely it was part of the initial investment. it was highly likely the objective of both sides, from the beginning, to build the brand such that becle could take it over and conor and co could cash out.
 
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kflo said:
You’ve been all over this thread saying conor was forced out and that it’s like losing a belt. Based on nothing reported. Yet you say you’re going off reports? what are you talking about? what part in my statements is not from what is available? becle exercised their option to purchase the remaining shares. you've been incorrectly stating conor was a forced seller. he entered into an option. this is what success looks like when you enter into an option. The quicker you hit your option price the better. If the option isn’t exercised it means the holder of the option doesn’t value the company at that price.
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Start the thread from the beginning. The reports was he got bought out, not that he sold off his ownership. Either way, I'm done going back and forth with you. We'll just wait for more information. Either you are wrong, I'm wrong, or we both are. But nothing about the situation seems like it was part of McGregor's plan. Seems like he got bought out by force and not him selling full ownership for profit. We'll see Conor's reactions to this or we won't. If you never hear about Proper 12 again from him, that pretty much explains everything. So we'll just wait and see for more reports on the sell, and see what Conor has to say about it, or if he doesn't say anything at all and he completely disassociates himself completely from Proper 12 with no explanation.

Every post from Conor usually had something about Proper 12 or promo for Proper 12. Nothing at all recently.
 
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FIghtxIQ said:
Start the thread from the beginning. The reports was he got bought out, not that he sold off his ownership. Either way, I'm done going back and forth with you. We'll just wait for more information. Either you are wrong or we both are. But nothing about the situation seems like it was part of McGregor's plan. Seems like he got bought out by force and not him selling full ownership for profit. We'll see Conor's reactions to this or we won't. If you never hear about Proper 12 again from him, that pretty much explains everything. So we'll just wait and see for more reports on the sell, and see what Conor has to say about it, or if he doesn't say anything at all and he completely disassociates himself completely from Proper 12 with no explanation.

Every post from Conor usually had something about Proper 12 or promo for Proper 12. Nothing at all recently.
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What the fuck are you talking about: https://www.google.com/amp/s/www.bl...ought-out-shares-promoting-happy-ufc-mma-news

Why come into this thread talking nonsense? We have no idea why Connor sold, but they probably offered him a monster deal. They will most likely still use him as the main spokesman, otherwise why buy it out?
 
thebesteva21 said:
What the fuck are you talking about: https://www.google.com/amp/s/www.bl...ought-out-shares-promoting-happy-ufc-mma-news

Why come into this thread talking nonsense? We have no idea why Connor sold, but they probably offered him a monster deal. They will most likely still use him as the main spokesman, otherwise why buy it out?
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That was 2 days ago and the source is an mma news site. Not really the best source for business dealings. I'll wait for a better source, this is just like a sherdogger writing an article from what they see on his IG post.
 
FIghtxIQ said:
Start the thread from the beginning. The reports was he got bought out, not that he sold off his ownership. Either way, I'm done going back and forth with you. We'll just wait for more information. Either you are wrong or we both are. But nothing about the situation seems like it was part of McGregor's plan. Seems like he got bought out by force and not him selling full ownership for profit. We'll see Conor's reactions to this or we won't. If you never hear about Proper 12 again from him, that pretty much explains everything. So we'll just wait and see for more reports on the sell, and see what Conor has to say about it, or if he doesn't say anything at all and he completely disassociates himself completely from Proper 12 with no explanation.

Every post from Conor usually had something about Proper 12 or promo for Proper 12. Nothing at all recently.
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it's like you're trying to ignore reality just to not acknowledge you're wrong. nothing about the situation seems like it was part of mcgregor's plan except the freaking fact that his team negotiated the option in their deal. is this lost on you? he didn't get "bought out by force"....you don't understand what an option is.

as for what he says about proper 12 - again, he is guaranteed his exit price right now. he doesn't have to promote the brand other than what they may have negotiated as part of the deal and he doesn't have to worry about what the company is valued at.

i'm not sure why you're choosing to be so obtuse on this. they set the exit price up front. they achieved it quickly. and yet somehow, you're trying to ague this wasn't part of a plan.
 
FIghtxIQ said:
That was 2 days ago and the source is an mma news site. Not really the best source for business dealings. I'll wait for a better source, this is just like a sherdogger writing an article from what they see on his IG post.
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ya that’s crazy for me to post a mma website on news about Connor Mcgregor, how silly of me...

Apparently he made around 330 million, so I think he did alright in this deal lol.

https://www.google.com/amp/s/couple...e/news-story/de602877410f45e2234788b16602d197
 
kflo said:
it's like you're trying to ignore reality just to not acknowledge you're wrong. nothing about the situation seems like it was part of mcgregor's plan except the freaking fact that his team negotiated the option in their deal. is this lost on you? he didn't get "bought out by force"....you don't understand what an option is.

as for what he says about proper 12 - again, he is guaranteed his exit price right now. he doesn't have to promote the brand other than what they may have negotiated as part of the deal and he doesn't have to worry about what the company is valued at.

i'm not sure why you're choosing to be so obtuse on this. they set the exit price up front. they achieved it quickly. and yet somehow, you're trying to ague this wasn't part of a plan.
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Wait for the details, people get bought out of by force all the time for their ownership. It's actually very common in the business world. It's not always because it was "part of the plan". What I'm saying is this seems very different from the sale that Jay Z just made where he retains ownership. Jay Z is actively promoting the sale, Conor isn't. Conor has been very vocal about everything going on with Proper 12 and now he's silent. Like I said let's wait on details, until then it's assumptions on everyone's end. We are going on with very limited information. This was just to open up the discussion for the possibilities.
 
FIghtxIQ said:
Wait for the details, people get bought out of by force all the time for their ownership. It's actually very common in the business world. It's not always because it was "part of the plan". What I'm saying is this seems very different from the sale that Jay Z just made where he retains ownership. Jay Z is actively promoting the sale, Conor isn't. Conor has been very vocal about everything going on with Proper 12 and now he's silent. Like I said let's wait on details, until then it's assumptions on everyone's end. We are going on with very limited information. This was just to open up the discussion for the possibilities.
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SMH. How are you still not getting this? Becle was sold the call option that they have now exercised. It was at a price fixed and negotiated by mcgregor’s team in advance. If it’s exercised, that’s the win. Jay z sold half his company to an outside party at an agreed upon price. They are literally completely different circumstances.

Conor was vocal about proper 12 because it was in his interest to promote it and increase it’s value. He did, and he succeeded. This is his reward. He does not have that incentive anymore to promote proper 12. He’s already cashed out at the price he set to cash out at when he started this 3 years ago. Is this hard to understand?

It is not an assumption that becle exercised their call option. If I sell you an option, and you exercise it at the agreed upon strike, how is it you can suggest that is a forced buyout?
 
Do better said:
Work on your grammar and sentence structure. Your attempt to insult me falls on deaf ears, all I see is gross incompetence. I hear hooked on phonics has an extensive catalogue, it would be to your benefit to have a look.
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Work on your comprehension skills. It was less an insult, and more an attempt at offering you a chance to showcase some introspection. Instead, you chose to blunder yourself through an irrelevant digression.
 
humdizzle said:
my question is... if it is a profitable company, why sell off now ? why kill the golden goose ?

1) either he needs a large amount of cash asap for something
2) the company is going down and he needs to get out while he's still ahead.

i doubt this is some shark tank type shit where he presenting his company at a board meeting needing help to scale up.
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The company (becle) simply exercised their option that was negotiated with conor’s team well before. The company achieved the increase in value they hoped for, and the big investor exercised their option to take the whole thing.
 
God damn some of you goofs need to spend more time on wallstreetbets. Don’t even know what a call option is
 
UPDATE

Report: Conor McGregor ‘doubled his net worth’ by selling Proper 12 whiskey
By Jesse Holland Mar 10, 2021, 11:47am EST

I guess ownership isn’t for everyone.

Former Ultimate Fighting Championship (UFC) two-division champion Conor McGregor, who helped found Proper 12 Irish Whiskey back in late 2018, was bought out by the Becle beverage company earlier this month, alongside manager and business partner Audie Attar.

As a result, “Notorious” doubled his net worth.

That’s according to JOE.co, which has McGregor — already valued at $120-$130 million prior to handing over his “Proper” percentage — taking home somewhere in the neighborhood of $130 million. It’s not billionaire status, but I don’t think anyone on the McGregor team is complaining.

https://www.mmamania.com/2021/3/10/...is-net-worth-by-selling-proper-12-whiskey-mma
 
Kryptt said:
UPDATE

Report: Conor McGregor ‘doubled his net worth’ by selling Proper 12 whiskey
By Jesse Holland Mar 10, 2021, 11:47am EST

I guess ownership isn’t for everyone.

Former Ultimate Fighting Championship (UFC) two-division champion Conor McGregor, who helped found Proper 12 Irish Whiskey back in late 2018, was bought out by the Becle beverage company earlier this month, alongside manager and business partner Audie Attar.

As a result, “Notorious” doubled his net worth.

That’s according to JOE.co, which has McGregor — already valued at $120-$130 million prior to handing over his “Proper” percentage — taking home somewhere in the neighborhood of $130 million. It’s not billionaire status, but I don’t think anyone on the McGregor team is complaining.

https://www.mmamania.com/2021/3/10/...is-net-worth-by-selling-proper-12-whiskey-mma
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This is misleading since we don’t know what Conor put in in the beginning nor what his share of the 120 million is.
 
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