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With a staggering estimated net worth of $200 million, Conor McGregor is arguably the richest MMA fighter to ever set foot in the combat sports arena. From capturing two-division gold in Cage Warriors and the UFC to building business empires like Proper No. Twelve whiskey and TIDL, ‘Mystic Mac,’ has checked off nearly every item on his bucket list. But there’s one goal left—becoming a billionaire. How does he plan to get there? By securing a stake in OnlyFans before its potential sale. Bold move, right? But there’s a twist—something’s holding up the deal. What is it?

Conor McGregor’s return to the Octagon may still take some time, but his business empire continues to make waves. After acquiring a minor stake in BKFC, McGregor’s next major investment could be in the form of the subscription-based social media giant OnlyFans. The London-based company is reportedly exploring a potential sale that could value the adult-content platform at around $8 billion, according to a source familiar with the matter. McGregor is said to be interested in pursuing such a deal. Taking to his Instagram stories, ‘Mystic Mac’ caused a stir when he highlighted his interest in acquiring the company, “I am in serious talks to buy this.”

However, there are some serious problems with this purchase. In the fiscal year ending on November 2023, OnlyFans generated a massive $1.3 billion in revenue and achieved a pre-tax profit of $658 million. The subscription-based platform paid out a massive $6.6 billion to its creators while training 20% as commissions. In addition to that, its owner, Leonid Radvinsky, has received over $1 billion in dividends from OnlyFans between 2021 and 2023. From a business point of view, the platform appears to have a strong balance sheet as well as a cash-flow statement.

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Often portrayed as a revolutionary streaming giant, OnlyFans acknowledges content creators who share adult content on its platform. By and large, the public perceives it as an adult streaming site, which some consider to be somewhat immoral. As we speak, multiple countries are in the process of considering restrictions or an outright ban on the platform.

A source close to OnlyFans, in his statement, has raised some serious concerns: “You’re looking to find billionaires and trying to sell it as not an adult content company but just a platform like X that allows adult content,” the source said. “But I think most people right now view OnlyFans as an adult content company.”

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via Imago

Let us tell you another concerning update from Sweden that might shock the market value of OnlyFans. The Nordic country has passed a new law where the users of the site could face years in prison for requesting specific live content. Why? Well, as per the new law, purchasing some adult content from OnlyFans will soon be treated as the equivalent of buying a prostitute in Sweden, which is an illegal act in the country.

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Well, if McGregor is bold enough to acquire some stake in the platform, how much of it will be profitable for him? Time will tell. For now, let us have a look at another news item about McGregor, but this one’s different.

What’s your perspective on:

Is McGregor's OnlyFans move a genius business strategy or a risky gamble? What's your take?

Have an interesting take?

Conor McGregor fulfills his childhood dream through the soccer team

Conor McGregor’s return to the Octagon remains uncertain as his MMA hiatus continues, but that hasn’t kept the Irish superstar away from the world of sports. Instead of throwing punches, McGregor has been making moves off the pitch by helping establish Black Forge FC in the UCFL Premier League.

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And the club is already making headlines. Last Friday, McGregor and Black Forge FC secured a thrilling 4-3 victory over Mountview CFC, clinching the Premier League Division title dramatically. After winning the title, Conor McGregor took to his social media handle to express his true thoughts on the accomplishments of the team. “BLACK FORGE F.C. UCFL PREMIER DIVISION CHAMPIONS,WHAT A TEAM, WHAT A BOOZER,” McGregor posted Sunday.

Well, it’s customary for Conor McGregor to endorse everything under his banner—whether it’s fighters, singers, or his businesses. That said, what are your thoughts on the McGregor-OnlyFans deal? Share your opinion in the comments below.

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Is McGregor's OnlyFans move a genius business strategy or a risky gamble? What's your take?

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