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Irish Mirror
Irish Mirror
Gordon Deegan

Conor McGregor's Dublin pub takes a €441,649 hit

Conor McGregor’s pub recorded losses of €441,649 last year.

The MMA fighter acquired the Black Forge Inn in Crumlin, South Dublin, last year and McGregor’s Jemi Ventures Ltd recently secured planning permission for a large extension.

The loss for last year includes a non-cash depreciation charge of €317,262.Latest accounts put a book value of €3.64million on the pub building and tangible assets at the end of last year.

The buildings had a book value of €2million while fixtures and fittings were valued at €1.63million.

The pub didn’t open until July of this year after a seven-figure make-over.

At a sitting of Dublin District Court last December, Jemi Ventures secured a licence transfer to allow it to open. The company’s cash funds at the end of last December totalled €665,108. The progression of the venture was financed by a €3.95million loan.

A note attached to the accounts states the directors have considered the company’s business prospects and relevant aspects of its financial position, including its ability to generate positive cash flow and/or obtaining additional funding that may be required.

Conor McGregor (Instagram/ Conor McGregor)

The recent grant of permission comprises a part-one part-two storey extension to the back of the pub.

The spend is just part of McGregor’s outlay on property and last month, he confirmed plans to build “multiple amenities” along Dublin’s Grand canal.

He confirmed the new public space will include housing and a supermarket.

Conor McGregor's Black Forge Inn pub (Twitter/ Conor McGregor)

This followed a report the star paid up to €19million in nearly completing the assembly of the site on the Davitt Road.

Earlier this year, McGregor topped the Forbes list of being named the highest paid athlete in the world for 2020/21.

Forbes estimated that in the 12 months to the end of May of this year, McGregor earned €153million.

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