A multi-million euro legal case taken against mixed martial arts fighter Conor McGregor over a whiskey brand has been settled at the High Court.<\/p>\n
Mr McGregor was sued by his former sparring partner and friend, Artem Lobov, over an alleged agreement relating to whiskey brand Proper No Twelve.<\/p>\n
Mr Lobov alleged there had been an agreement between the men that he would get 5% of the proceeds of the sale of the brand.<\/p>\n
He claimed they made an oral agreement to that effect in a gym in Dublin in October 2017.<\/p>\n
Mr Lobov claimed the agreement was sealed with a handshake and witnessed by three others.<\/p>\n
He claimed that he was the initial creator and co-founder of Proper No Twelve but was later “muscled out”.<\/p>\n
Mr McGregor admitted that he later offered Mr Lobov $1 million in recognition of work done to develop a whiskey brand but denied there was an agreement over the proceeds of the sale of Proper No Twelve.<\/p>\n
Mr Lobov refused the offer.<\/p>\n
Mr Mc Gregor is believed to have earned more than \u20ac100m when he and two other shareholders sold their stakes in the brand to Proximo Spirits for $600m in 2021.<\/p>\n
Mr Lobov initiated legal action in 2022, aimed at enforcing the agreement he said he had.<\/p>\n
The case was due to begin today in the High Court and was scheduled to take eight days.<\/p>\n
But just before lunchtime, Mr Lobov’s senior counsel Andrew Walker, told the court the matter had been settled.<\/p>\n
Senior Counsel, Mark Lynam read a short statement to the court on behalf of Mr McGregor as part of the settlement agreement.<\/p>\n
In it Mr McGregor said he was satisfied the matter had been resolved and he could focus on his training for “this summer’s fight”.<\/p>\n
He said he wanted to thank Artem for his hard work for Mr McGregor\u2019s whiskey business.<\/p>\n
Mr Lobov did not want to speak to the media afterwards but said he was “happy with the resolution” and repeated that he was “all happy” as he put his thumbs up.<\/p>\n
Details of the settlement were not disclosed in court.<\/p>\n","protected":false},"excerpt":{"rendered":"A multi-million euro legal case taken against mixed martial arts fighter Conor McGregor over a whiskey brand has…\n","protected":false},"author":2,"featured_media":399756,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":["post-399755","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/399755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=399755"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/399755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/399756"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=399755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=399755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=399755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}