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Official Conor McGregor thread (part 3) *Updated Warning in 1st Post Re:Boxing match

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  • #7682
    Zero-Cool
    Registered Users, Registered Users 2 Posts: 30,306 ✭✭✭✭Zero-Cool


    I can see Conor actually claiming he has more money than Floyd with this. Also, Dana said he will be at every stop of the press conference next week, sounds like it's gonna be a bit of a circus.

    https://twitter.com/BloodyElbow/status/884046018378989570


  • #7683
    Subcomandante Marcos
    Closed Accounts Posts: 7,683 ✭✭✭Subcomandante Marcos


    Zero-Cool wrote: »
    I can see Conor actually claiming he has more money than Floyd with this. Also, Dana said he will be at every stop of the press conference next week, sounds like it's gonna be a bit of a circus.

    https://twitter.com/BloodyElbow/status/884046018378989570

    Mayweather owns houses that are worth more than conor has earned, trying to say he has more money than Floyd would be idiocy.


  • #7684
    everlast75
    Registered Users, Registered Users 2 Posts: 21,043 ✭✭✭✭everlast75


    Subcomandante Marcos wrote: »
    Mayweather owns houses that are worth more than conor has earned, trying to say he has more money than Floyd would be idiocy.

    If you owe money on taxes, then you don't own all of your money...

    Elect a clown... Expect a circus



  • #7685
    raze_them_all_
    Registered Users, Registered Users 2 Posts: 6,783 ✭✭✭raze_them_all_


    everlast75 wrote: »
    If you owe money on taxes, then you don't own all of your money...

    Because everyone knows lads worth hundreds of millions always pay taxes as much as they can


  • #7686
    Subcomandante Marcos
    Closed Accounts Posts: 7,683 ✭✭✭Subcomandante Marcos


    everlast75 wrote: »
    If you owe money on taxes, then you don't own all of your money...

    He owes a lot less than has in the bank, he's trying to minimise his tax outlay, as any smart person would. Paying in installments means he doesn't have to liquidate asset. When you have money in the bank you earn (a little) interest on it, when you pay it in a lump sum don't only lose that money, you lose the interest you would have gained from it too.


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  • #7687
    Outlaw Pete
    Registered Users, Registered Users 2 Posts: 10,423 ✭✭✭✭Outlaw Pete


    He won't have time to say all that at a presser. though..........

    You're right, but it really doesn't matter if it's true or not. It's in the media and he will take a ribbing for it.


  • #7688
    EagererBeaver
    Registered Users, Registered Users 2 Posts: 6,729 ✭✭✭EagererBeaver


    Outlaw Pete wrote: »
    He won't have time to say all that at a presser. though..........

    You're right, but it really doesn't matter if it's true or not. It's in the media and he will take a ribbing for it.

    Which similarly doesn't matter, as he won't give a flying ****.


  • #7689
    raze_them_all_
    Registered Users, Registered Users 2 Posts: 6,783 ✭✭✭raze_them_all_


    Outlaw Pete wrote: »
    He won't have time to say all that at a presser...........

    Doesn't matter if it's true or not. It's in the media and he will take a ribbing for it.

    he really wont


  • #7690
    Outlaw Pete
    Registered Users, Registered Users 2 Posts: 10,423 ✭✭✭✭Outlaw Pete


    raze_them_all_ wrote: »
    he really wont

    Merely saying he won't is not a good argument. It's all over the media and if McGregor says something it will get a crowd reaction. The ins and outs of whether he is cash poor or not won't matter. It's all about perception.

    In any case, Mayweather is no shrinking violet himself and so I don't expect McGregor to get things all his own way on this tour like some do.

    Didn't he bring a live chicken in a cage to one presser and grab a fighter by the throat in a face off at another (perhaps even the same one).

    Can't see him getting to grab the throat of McGregor and getting the same kinda docile response though.

    Mayweather has got away with bullying a lot of his opponents down the years without much response. Rickey just put on some ear muffs I recalll...... and I know the same could be said of Conor of course.

    Gonna be an interesting week.


  • #7691
    spix
    Registered Users, Registered Users 2 Posts: 2,577 ✭✭✭spix


    Subcomandante Marcos wrote: »
    He owes a lot less than has in the bank, he's trying to minimise his tax outlay, as any smart person would. Paying in installments means he doesn't have to liquidate asset. When you have money in the bank you earn (a little) interest on it, when you pay it in a lump sum don't only lose that money, you lose the interest you would have gained from it too.

    How do you know how much he has in the bank? Could be near broke from spending and gambling. http://www.nydailynews.com/sports/more-sports/floyd-mayweather-jr-sued-1-4m-jewelry-debt-las-vegas-article-1.2817672


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  • #7692
    raze_them_all_
    Registered Users, Registered Users 2 Posts: 6,783 ✭✭✭raze_them_all_


    spix wrote: »
    How do you know how much he has in the bank? Could be near broke from spending and gambling. http://www.nydailynews.com/sports/more-sports/floyd-mayweather-jr-sued-1-4m-jewelry-debt-las-vegas-article-1.2817672

    The fact he can still own and fly a private jet says he aint broke


  • #7693
    spix
    Registered Users, Registered Users 2 Posts: 2,577 ✭✭✭spix


    raze_them_all_ wrote: »
    The fact he can still own and fly a private jet says he aint broke

    He tried to sell one of his cars recently, if he has so much money he wouldn't be selling anything. Does he even outright own the jet if he can't even pay upfront for jewelry. Everyone assumes he's loaded but who knows. Doesn't look like he has much cash available.


  • #7694
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Floyd is not disputing or trying to lower the tax bill. He is trying to get it put off until after the fight.

    That is surely an indication that his bank balance is not too healthy. He has lot of wealth tied up in assets but he is having trouble liquidating enough assets to pay his tax bill. The article doesn't say how much. I supposed image is a factor too, maybe he could liquidate sufficient assets if he really wanted but he doesn't want to be seen having to sell cars etc to pay a tax bill.

    The other thing is that when somebody ends up in this type of situation, it's suggestive that they don't have a great handle on their finances overall. I wouldn't suggest for a second that he's broke but he probably has less wealth than he thinks. Most people can't fathom blowing through hundreds of millions of dollars but historically a lot of athletes have managed to do it.


  • #7695
    Gamebred
    Banned (with Prison Access) Posts: 7,269 ✭✭✭Gamebred


    Not easy funding an entourage like he does paying people round the clock from security to chefs ect, all the cars houses ect are a money pit hence him taking this fight the probable 100 or 200m will keep him tied over for another few years but agree with above hes not got as much as he says, not disputing his paydays hes made before but I doubt he has it all or much of it invested too smartly.


  • #7696
    hewhoscares
    Registered Users, Registered Users 2 Posts: 318 ✭✭hewhoscares


    His assets will be tied up in a stock and property portfolio. He tried selling one bugatti, he has about 10 as is. Won't be any sort of fire sale.

    The money made from the Pac fight has been invested and the costs incurred in making those investments liquid will cost more than the interest the IRS is charging. He does this and it buys time.

    He will never go broke. At the level of assets he has even if he spent at the same rate as he has over the last 10 years till the end of his life he couldnt do it.

    His entourage and lifestyle won't be cheap, and some of his businesses like strip club and his promotional company will be loss making but he is cool.

    The fact hes got another 9 figure payday incoming helps.


  • #7697
    Gamebred
    Banned (with Prison Access) Posts: 7,269 ✭✭✭Gamebred


    hewhoscares wrote: »
    His assets will be tied up in a stock and property portfolio. He tried selling one bugatti, he has about 10 as is. Won't be any sort of fire sale.

    The money made from the Pac fight has been invested and the costs incurred in making those investments liquid will cost more than the interest the IRS is charging. He does this and it buys time.

    He will never go broke. At the level of assets he has even if he spent at the same rate as he has over the last 10 years till the end of his life he couldnt do it.

    His entourage and lifestyle won't be cheap, and some of his businesses like strip club and his promotional company will be loss making but he is cool.

    The fact hes got another 9 figure payday incoming helps.


    Many smarter men have gone broke chasing more, wouldnt rule it out.


  • #7698
    Outlaw Pete
    Registered Users, Registered Users 2 Posts: 10,423 ✭✭✭✭Outlaw Pete


    Have a feeling that Girl Collection isn't doing as well as he would like either, otherwise why tweet about it ten times a damn day.

    Also, worth noting is that Tyson went bankrupt and in today's money he lost not far off what Mayweather has been reputed to have earned thus far:
    Tyson declared bankruptcy in 2003, despite having received over $30 million for several of his fights and $300 million during his career. At the time it was reported that he had approximately $23 million of debt.

    Personally I think Mayweather's situation is not that bad or anywhere like it..... but the public don't know that and it's a loose thread that McGregor can pull just to try and get under his skin. Might work, might not.


  • #7699
    wonderfullife
    Closed Accounts Posts: 6,924 ✭✭✭wonderfullife


    Subcomandante Marcos wrote: »
    Mayweather owns houses that are worth more than conor has earned, trying to say he has more money than Floyd would be idiocy.
    Subcomandante Marcos wrote: »
    He owes a lot less than has in the bank, he's trying to minimise his tax outlay, as any smart person would. Paying in installments means he doesn't have to liquidate asset. When you have money in the bank you earn (a little) interest on it, when you pay it in a lump sum don't only lose that money, you lose the interest you would have gained from it too.

    Oh right, because Floyd Mayweather is renowned for being a financial genius when it comes to things like interest rates...

    Like the time he took out a $415,000 loan from JP Morgan in 2007 to buy a $525,000 car and he took the loan at 16% interest when the actual Libor rates were 5.1%.

    That ended with JP Morgan suing him and repossessing the fancy Maybach >>http://www.espn.com/sports/boxing/news/story?id=4473870

    Or how about the time he retired from boxing in June 2007 and then in October 2008 the IRS came looking for $6.1 million in unpaid taxes and Floyd suddenly rediscovered his love for boxing and returned to fight again, with the IRS taking half of that purse.

    How about the years 2001, 2003, 2005, 2006 and 2009 the IRS had to chase him for unpaid taxes and in the latter case go seeking $3.4 million in unpaid taxes, and no sooner did they come looking for that and he arranged another fight...

    How about the multiple times he has been sued in New Jersey over unpaid state taxes?

    How about this interview with ESPN where he admits to betting in the millions of $ on sports? http://www.espn.com/chalk/story/_/id/18458242/chalk-interview-renowned-sports-bettor-boxer-floyd-mayweather

    How about the time Shantel Jackson sued him for $20 million in 2014 and that case has been tied up in litigation for 3 years and is still ongoing?

    Floyd owns houses more than Conor is worth? Bernie Madoff owned houses worth hundreds of millions too, all built on a house of cards and leveraged with crazy debt.

    Athletes go broke usually because of 1) Incompetence in business 2) Lawsuits 3) Gambling 4) Cars 5) Women.

    You haven't a clue if Floyd is in money trouble and neither do I. He could be doing anywhere from brilliant to borderline bankrupt.

    But there is a shed load of evidence that Floyd is criminally bad at mismanaging money. He's a big gambler, he's still embroiled in many lawsuits, he's a big spender, he takes out ridiculous loans at crazy interest rates...

    I would not be surprised *at all* if this comeback was more out of necessity than any desire to "give the fans what they want".


  • #7700
    Outlaw Pete
    Registered Users, Registered Users 2 Posts: 10,423 ✭✭✭✭Outlaw Pete


    Exactly and worth remembering also, we're talking about a guy here who is obsessed with money (and not just in a 'for show' kind of way) and also with people seeing him as having lots of it. It's his damn moniker after all and so of course any attack on the legitimacy of Floyd being able to call himself 'Money' Mayweather is going to smart with him.... even if there is no truth to it. Attacking that side of his character will be taken personally by him I suspect. It's his damn identity.

    I could be wrong of course and he might just laugh it off but I wouldn't bet on it.... if he has a weak spot then this very well could be it. As also I think will be his age. He might just be two years older but 38 to 40 is a lot more aging than going from 24 to 26, or even 30 to 32........ he's bound to have some nagging doubts in that regard, of whether or not he has lost any speed, particularly mentally.

    All Mayweather's opponents have been quite reserved in comparison to McGregor too.


  • #7701
    Outlaw Pete
    Registered Users, Registered Users 2 Posts: 10,423 ✭✭✭✭Outlaw Pete


    Also, for those saying they doubt McGregor will reference the IRS stuff........ I think the fact that JK has had two pops at him with regards to his relationship to money (one of which was earlier today in response to these stories) would be a good pointer to the affirmative that it is very much something that'll be used in an attempt to rile him...... especially given that the whole 'Mayweather Challenge' was after all a dig at Conor, suggesting he couldn't afford to live the lifestyle that he was suggesting he was (a reference to the hiring of the lambo and the chartering of jets I guess).


    https://twitter.com/John_Kavanagh/status/875122459317596160

    https://twitter.com/John_Kavanagh/status/884051737535029248


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  • #7702
    EagererBeaver
    Registered Users, Registered Users 2 Posts: 6,729 ✭✭✭EagererBeaver


    Kavanagh is a moron. McGregor is the one going round getting called out for standing on rented cars and describing leased planes as "me own yoke."

    He needs to shut the **** up but I guess he's pretty bored as he had nothing to contribute as head coach for a boxing match.


  • #7703
    Kirby
    Registered Users, Registered Users 2 Posts: 13,084 ✭✭✭✭Kirby


    That sounds pretty bitter man.


  • #7704
    EagererBeaver
    Registered Users, Registered Users 2 Posts: 6,729 ✭✭✭EagererBeaver


    Kirby wrote: »
    That sounds pretty bitter man.

    What's bitter about it?


  • #7705
    JJayoo
    Registered Users, Registered Users 2 Posts: 6,800 ✭✭✭JJayoo


    EagererBeaver wrote: »
    What's bitter about it?

    You need to keep McG's balls in your mouth at all times when posting in this thread.


  • #7706
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    I have to agree with Chael who said that Kavanagh should leave the trash talking to his fighters.


  • #7707
    Lukker-
    Registered Users, Registered Users 2 Posts: 9,405 ✭✭✭Lukker-


    JJayoo wrote: »
    You need to keep McG's balls in your mouth at all times when posting in this thread.

    I don't think so. The poster in question often posts valid points. It's just how he phrases it is purposefully looking for a bite. It detracts from their posts.

    Conor fans are guilty of doing the same just from the opposite side.

    If people could debate rather than attacking we might actually get somewhere.


  • #7708
    Sweet Science
    Closed Accounts Posts: 890 ✭✭✭Sweet Science


    Im going to have a pyschology degree by the time this week is over


  • #7709
    Lukker-
    Registered Users, Registered Users 2 Posts: 9,405 ✭✭✭Lukker-


    Sweet Science wrote: »
    Im going to have a pyschology degree by the time this week is over

    Welcome to the MMA forum :pac:


  • #7710
    Axwell
    Moderators, Computer Games Moderators Posts: 10,462 Mod ✭✭✭✭Axwell


    Lukker- wrote: »
    If people could debate rather than attacking we might actually get somewhere.

    What a novel idea..


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  • #7711
    EagererBeaver
    Registered Users, Registered Users 2 Posts: 6,729 ✭✭✭EagererBeaver


    Lukker- wrote: »
    I don't think so. The poster in question often posts valid points. It's just how he phrases it is purposefully looking for a bite. It detracts from their posts.

    I wasn't looking for a bite in the slightest. I, and plenty of others, think Kavanagh should just keep his mouth shut when it comes to trash talking. He's by no means stupid, but he appears to have this idea that he's some sort of great intellectual and philosopher. As has been pointed out, there are any number of reasons why people can be behind on paying their taxes, especially rich people. The entire "money" aspect of McGregor's schtick is lifted directly from Floyd, so then trying to undermine it or mock it is a bit odd.


This discussion has been closed.
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