Conor McGregor in Serious Talks to Acquire OnlyFans for £6 Billion

UFC legend Conor McGregor has announced that he is in serious negotiations to purchase the adult subscription-based platform OnlyFans, which is currently valued at approximately £6 billion. The announcement was made through McGregor’s Instagram story, where he stated, “I’m in serious talks to buy this

Background on OnlyFans

OnlyFans is a subscription-based platform that allows content creators to monetize their content. Originally launched as a general content platform, it has become predominantly known for adult content. The platform experienced significant growth during the COVID-19 pandemic, with its revenue soaring from $375 million in 2020 to $6 billion in 2023.

McGregor’s Business Ventures

Conor McGregor, known for his successful MMA career, has also made significant strides in business. He founded the whiskey brand Proper No. Twelve, which he sold for over $500 million, and owns the Black Forge Inn in Dublin. Additionally, McGregor is a shareholder in the Bare Knuckle Fighting Championship and has a media company called TheMacLife.

Financial Considerations

While McGregor’s net worth is estimated at around $200 million, the acquisition of OnlyFans would require substantial financial backing. Reports indicate that the current owner, Leonid Radvinsky, is seeking between $1.46 billion and $2.42 billion for the platform. However, McGregor has not disclosed whether he intends to make a solo purchase or partner with investors.

Implications for McGregor’s Career

This potential acquisition marks a significant shift in McGregor’s career trajectory. Having not fought since 2021 due to a leg injury, McGregor has focused on business ventures and investments. His interest in acquiring OnlyFans could signal a new direction in his post-fighting endeavors. Conor McGregor’s reported interest in purchasing OnlyFans underscores his ambition to diversify his business portfolio. If the acquisition proceeds, it could have significant implications for both McGregor and the digital content industry. As negotiations continue, the public awaits further developments regarding this high-profile potential deal.

Written By Fortune Davidson