Conor McGregor forked out €1 9m for Dublin bar independent.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.ie Daily Mail and Mail on Sunday newspapers.
THE exact amount of money Conor McGregor paid for his pub in Dublin can finally be revealed – €1.9m.
The revelation is made in auctioneer Lisney/Morrissey’s Licensed Premises report for 2020, which discloses that 13 pubs sold in Dublin last year for a total of over €41m compared to 16 transactions totaling €57m in 2019.
The €1.9m payout by McGregor is close to the €2m estimate industry sources originally told Sunday World last year was speculated the UFC fighter paid for the Black Forge pub in Crumlin.
The 33-year-old has splashed out an estimated €1m in renovating it into a gastro pub, which will sell food when it reopens.
An influx of private equity money meant that the market for Dublin pubs did not collapse during 2020, as it did for pubs outside the capital.
Thirteen Dublin pubs sold last year for a total of over €41m, compared to 16 transactions totalling €57m in 2019. According to the Lisney/Morrissey s Licensed Premises report for 2020, there was however significant downward pressure on prices.
It was a very different picture for pub sales elsewhere. No notable sales were recorded in the cities of Cork, Galway, Limerick, Waterford and Kilkenny, said the report.
The provincial market had continued to struggle with limited appetite expressed from outside of the local community and the closure of unviable pubs in areas where there was an oversupply of competing licensed premises.