UFC star Conor McGregor is reportedly set to earn a bumper payday, with Mexican beverage company Becle announcing that they are taking over the Irishman's whiskey company.
McGregor launched Proper Twelve back in 2018 under parent company Eire Born Spirits, which he founded with his manager Audie Attar and entrepreneur Ken Austin.
Becle, who own tequila brand Jose Cuervo, initially acquired a 20 per cent stake in the company at launch, which they reportedly increased to 49 per cent last year.
Now, a news release from the company has announced that they are intending to acquire the remaining 51 per cent of the company.
The statement reads: "On February 23, 2021, the Company provided notice of the exercise of its call option to acquire 51 per cent of the equity interests of EBS."
"We expect to announce further details upon the closing of the transaction."
After Becle acquired their 49 per cent stake last year, the company was estimated to be worth a whopping $235m (£170m) and a full buyout could net McGregor and co around £111m.
McGregor returned to the octagon in January at UFC 257 and was beaten in a rematch with Dustin Poirier, who he defeated in 2014 at UFC 178.
UFC president Dana White has insisted that the pair will face off again in the summer in a trilogy bout, telling The Jim Rome Show : "Conor's ready to roll. Conor wants to fight again.
Top trending sport stories right now
"He wants the rematch with Dustin Poirier, and he wants it as soon as possible. We're working on it. Hopefully this summer.
"I think the loss put him back into a really good place. It's the classic 'Rocky III'. You're pulling up to the fight in yachts and covered in Versace and you got all the money in the world, it's hard to stay hungry."
READ MORE: Tyson Fury shares his prediction for Conor McGregor and Dustin Poirier trilogy fight
READ MORE: Conor McGregor urged to adapt like Mike Tyson or face Dustin Poirier trilogy torment
Source: Read Full Article