Conor McGregor faces lawsuit from former teammate Artem Lobov over Correct Twelve whisky earnings

Conor McGregor bought Correct No. Twelve for $600 million. (Picture by Antony Jones/Getty Pictures for Spotify)

Conor McGregor’s former coaching companion Artem Lobov filed a multimillion greenback lawsuit on Tuesday, alleging he’s entitled to a proportion of McGregor’s earnings within the sale of the Correct No. Twelve Irish Whiskey model.

McGregor, Paradigm CEO Audie Attar and businessman Ken Austin bought their majority stakes to Proximo Sports activities, the corporate that owns tequila model Jose Cuervo, for $600 million in April 2021.

Lobov alleges that he’s entitled to five% of that sale, in response to the Irish Impartial.

“My shopper is a retired skilled fighter with a grasp’s diploma from DCU in Finance and Capital Markets,” Dermot McNamara, Lobov’s solicitor stated. “We’ve issued Excessive Court docket proceedings on his behalf to implement an settlement with Mr. McGregor relating to the Correct No. 12 whiskey model. My shopper was the preliminary creator and co-founder of the idea to launch an Irish whiskey model related to Mr. McGregor. As these issues at the moment are earlier than the courtroom, we won’t be making any additional remark.”

McGregor and Lobov have been as soon as associates and coaching companions at Crew SBG Eire, with Lobov considerably concerned in McGregor’s feuds with fighters Khabib Nurmagomedov and Paulie Malignaggi.

Lobov, 36, beforehand informed TalkSport in August that Correct No. Twelve is a product of his personal idea and enterprise recommendation.

He alleged that he satisfied McGregor to be the face of the Irish Whiskey model as a substitute of McGregor’s reported preliminary curiosity in an Iceland Vodka model backed by Recreation of Thrones” actor Hafþór Björnsson.

The retired Russian fighter claimed that he even launched McGregor to his now enterprise companions, organized the deal, and turned down a $1 million provide from his good friend.

“Conor supplied me $1 million however I turned it down, I didn’t settle for it. , all through my profession every time I’ve helped Conor with camps, he supplied to pay me for them camps, however I by no means accepted cash from him,” Lobov claimed.

“I stated, ‘we’ve all the time been associates and helped one another. I by no means paid you for my camps so I’m not gonna settle for cash from you for my camps both,’” he added.

McGregor’s attorneys and spokesperson Karen J Kessler denounced Lovov’s allegations as “incorrect,” saying the model was “created, developed, branded and tirelessly promoted” by the previous UFC featherweight and light-weight champion.

Artem Lobov (left) and Conor McGregor, once close friends and teammates, are now involved in multimillion dollar litigation. (Brandon Magnus/Zuffa LLC/Zuffa LLC via Getty Images)

Artem Lobov (left) and Conor McGregor, as soon as shut associates and teammates, at the moment are concerned in multimillion greenback litigation. (Brandon Magnus/Zuffa LLC/Zuffa LLC by way of Getty Pictures)

Read more

Tags: Conor McGregor faces lawsuit teammate Artem Lobov Correct Twelve whisky earnings

For Latest Updates Follow us on Google News

NEXT Mitch Marner level streak Toronto Maple Leafs beat San Jose Sharks